Real Estate Investing in Colstrip, Montana (59323)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 59323 (Colstrip, MT)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 8.7% vacancy may signal weakening demand.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Colstrip, MT (59323)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 59323 Colstrip
From an investor standpoint, ZIP 59323 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $236K median. It rewards specialists, not generalists.
The investment case in 59323 is solid only for operators who understand what they are buying. A $236K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
In the broader MT picture, 59323 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
The demographic picture in 59323 includes headwinds that any investor should price in. Income distribution skews lower than Colstrip averages, and tenant stability requires active management.
seems to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Colstrip:
Market Trends
Home Value History (with trend line)
📊 How Does 59323 Compare?
| Metric | 59323 | Colstrip | Montana |
|---|---|---|---|
| Home Value | $235,787 | $235,787 | $457,278 |
| 5-Year CAGR | 5.9% | 5.9% | 9.2% |
| Avg Rent | $1,125 | $1,125 | - |
| Cap Rate | 3.7% | 3.7% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 59323 (Colstrip, MT). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $235,787 |
| Monthly Rent | $1,125 |
| Price-to-Rent | 17.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.7% |
| Cap Rate | 3.7% |
| 5-Year IRR | 9.6% |
📈 Home Appreciation
| 1-Year | +5.2% ▲ |
| 3-Year CAGR | +0.7% ▲ |
| 5-Year CAGR | +5.9% ▲ |
| 10-Year CAGR | +5.4% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.7%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 59323
Population: 2,156
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 59323
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
Frequently Asked Questions
Are landlord laws favorable in Colstrip, MT?
Colstrip, MT operates under MT law, which is landlord-friendly overall for landlords. Expect even-keeled treatment in typical lease and eviction cases.
Is Colstrip, MT a good market for buy-and-hold investors?
Our data puts Colstrip, MT at 3.0/5 for investability. Home prices of $236K and rents around $1,125/mo create a solid backdrop for investor activity.
How expensive is real estate in Colstrip, MT?
Median home price in Colstrip, MT is near $236K, with a 5-year CAGR of 0.0%. Prices have been predictable and supportive of buy-and-hold strategies.
What is the typical rental rate in Colstrip, MT?
Investors in Colstrip, MT typically see rents near $1,125/mo per month against $236K home values - a solid setup for rental cash flow.
Is it easy to find good tenants in Colstrip, MT?
Tenant demand in Colstrip, MT is solid. The local workforce $1,125/mo rents across most rental classes.
You know 59323 now. You don’t know where it ranks.
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