Real Estate Investing in Miles City, Montana (59301)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 59301 (Miles City, MT)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 13.3% of homes vacant — above national norms.
What’s happening in Miles City, MT (59301)?
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Market Analysis: 59301 Miles City
The 59301 ZIP in Miles City, MT is a local-operator market. Outside capital chasing a $251K entry has to pair deep knowledge with the discount.
Rent of $850/mo on a $251K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 59301 sits below the stated 0.0% once reality is priced in.
ZIP 59301's metrics run below Custer County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
The 59301 ZIP's population of 11,598 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that registers the need for careful underwriting.
Strategy in 59301 is an operator game, not a passive one. From an investor standpoint, entry prices of $251K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Miles City:
Property Strategy for 59301
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $105,435 | $1,230 | 8.4% | +6.4% | $105,435 |
| 2BR | $162,038 | $1,610 | 7.2% | +7.3% | $81,019 |
| 3BR | $246,167 | $2,160 | 6.3% | +7.5% | $82,056 |
| 4BR | $287,183 | $2,330 | 5.8% | +7.6% | $71,796 |
| 5BR | $358,936 | — | — | +7.3% | $71,787 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 59301 Compare?
| Metric | 59301 | Miles City | Montana |
|---|---|---|---|
| Home Value | $250,814 | $250,814 | $457,278 |
| 5-Year CAGR | 5.8% | 5.8% | 9.2% |
| Avg Rent | $850 | $850 | - |
| Cap Rate | 2.6% | 2.6% | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 59301 (Miles City, MT). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $250,814 |
| Monthly Rent | $850 |
| Price-to-Rent | 24.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.1% |
| Cap Rate | 2.6% |
| 5-Year IRR | 8.4% |
📈 Home Appreciation
| 1-Year | +11.1% ▲ |
| 3-Year CAGR | +2.6% ▲ |
| 5-Year CAGR | +5.8% ▲ |
| 10-Year CAGR | +6.7% ▲ |
🏠 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 (2.6%). 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 59301
Population: 11,598
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 59301
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.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
Should investors consider Miles City, MT?
Investors tracking Miles City, MT will find a 3.0/5 rating supported by $251K median home values and $850/mo rents. That profile suits long-term holders targeting consistent returns.
How do experienced investors play Miles City, MT?
In Miles City, MT the substantial play is typically careful cash-flow rentals with hands-on management. The combination of $251K prices and $850/mo rents suits that approach.
What is the typical rental rate in Miles City, MT?
Miles City, MT rentals go for roughly $850/mo a month. That puts gross yield in solid territory relative to $251K acquisition costs.
What is the typical vacancy rate in Miles City, MT?
Miles City, MT carries elevated vacancy risk. Expect reliable absorption at market rents of $850/mo.
Does house hacking work in Miles City, MT?
The house hack math a challenging in Miles City, MT. Owner-occupant buyers benefit from the $850/mo rents and $251K home values.
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