Real Estate Investing in Great Falls, Montana (59405)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 59405 (Great Falls, MT)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- Elevated vacancy: 8.0% vacancy may signal weakening demand.
What’s happening in Great Falls, MT (59405)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 59405 Great Falls
ZIP 59405 in Great Falls, MT carries a significant set of headwinds. Home values near $330K and rents of $1,389/mo sit inside a market where underwriting has to be tight.
For an experienced owner, 59405 can be a an appealing option for hunting ground — but the discount at $330K reflects genuine risk that outside investors often underestimate.
The gap between 59405 and stronger Great Falls ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Who lives in 59405 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
New investors are better served looking at Great Falls's stable or hybrid ZIPs before stepping into 59405. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Great Falls:
Property Strategy for 59405
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $179,739 | $980 | 3.9% | +7.8% | $179,739 |
| 2BR | $250,314 | $1,290 | 3.7% | +10.3% | $125,157 |
| 3BR | $313,604 | $1,790 | 4.1% | +10.4% | $104,535 |
| 4BR | $341,193 | $2,040 | 4.3% | +10.0% | $85,298 |
| 5BR | $396,542 | — | — | +9.2% | $79,308 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 59405 Compare?
| Metric | 59405 | Great Falls | Great Falls, MT | Montana |
|---|---|---|---|---|
| Home Value | $330,449 | $203,150 | N/A | $457,278 |
| 5-Year CAGR | 8.2% | 8.2% | N/A | 9.2% |
| Avg Rent | $1,389 | $1,416 | N/A | - |
| Cap Rate | 3.3% | 3.3% | - | - |
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 59405 (Great Falls, MT). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $330,449 |
| Monthly Rent | $1,389 |
| Price-to-Rent | 19.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.0% |
| Cap Rate | 3.3% |
| 5-Year IRR | 11.5% |
📈 Home Appreciation
| 1-Year | +5.0% ▲ |
| 3-Year CAGR | +6.0% ▲ |
| 5-Year CAGR | +8.2% ▲ |
| 10-Year CAGR | +7.2% ▲ |
🏠 Rent Trends
| 1-Year | +2.8% ▲ |
| 3-Year CAGR | +6.0% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.3%). 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 59405
Population: 34,059
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 59405
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
Investor Insight: With 790 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What is the average home sale price in Great Falls, MT?
Great Falls, MT median home values land near $330K. That is reasonable territory for investors looking at $1,389/mo-per-month rentals.
Does a duplex house hack pencil in Great Falls, MT?
House hacking works a challenging in Great Falls, MT. Rents of $1,389/mo against $330K acquisition make the strategy solid for owner-occupants.
What is the tenant pool like in Great Falls, MT?
Great Falls, MT draws a steady base of working renters. Demand at the $1,389/mo rent level is reasonable for standard single-family and small multi rentals.
What kind of vacancy should I budget for in Great Falls, MT?
Expect elevated vacancy in Great Falls, MT. Rents at $1,389/mo are absorbed by the tenant base without meaningful lag.
What is it like being a landlord in Great Falls, MT?
The landlord environment in Great Falls, MT is landlord-friendly. Statewide rules shape most day-to-day operations for rental owners.
You know 59405 now. You don’t know where it ranks.
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How 59405 ranks in Great Falls, MT
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