Real Estate Investing in Shelby, Montana (59474)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 59474 (Shelby, MT)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
Rare combination of both appreciation and cash flow. These markets don't last long — worth serious consideration.
- High vacancy: 20.9% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Shelby, MT (59474)?
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Market Analysis: 59474 Shelby
The 59474 ZIP covers a section of Shelby that demands careful diligence. Prices near $184K look accessible, but the work to make a deal cash flow is real.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $184K asset, 59474 is the wrong submarket. If the plan prices in friction, the yield can still work.
ZIP 59474's metrics run below Toole County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
The 59474 ZIP's population of 3,391 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that sits at the need for careful underwriting.
Strategically, 59474 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Shelby:
Property Strategy for 59474
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $189,745 | $1,650 | 6.3% | +7.9% | $63,248 |
| 4BR | $222,442 | $1,720 | 5.6% | — | $55,610 |
Market Trends
Home Value History (with trend line)
📊 How Does 59474 Compare?
| Metric | 59474 | Shelby | Montana |
|---|---|---|---|
| Home Value | $184,174 | $184,174 | $457,278 |
| 5-Year CAGR | 8.1% | 8.1% | 9.2% |
| Avg Rent | $1,071 | $1,071 | - |
| Cap Rate | 4.5% | 4.5% | - |
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 59474 (Shelby, MT). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $184,174 |
| Monthly Rent | $1,071 |
| Price-to-Rent | 14.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.0% |
| Cap Rate | 4.5% |
| 5-Year IRR | 12.7% |
📈 Home Appreciation
| 1-Year | +4.1% ▲ |
| 3-Year CAGR | +5.9% ▲ |
| 5-Year CAGR | +8.1% ▲ |
| 10-Year CAGR | +4.8% ▲ |
🏠 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 (4.5%). 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 59474
Population: 3,391
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 59474
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
What are vacancy rates like in Shelby, MT?
Shelby, MT sees elevated vacancy, which is reasonable relative to the broader MT rental market.
Is Shelby, MT a friendly market for rental owners?
Shelby, MT falls under MT landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
Where do rents currently stand in Shelby, MT?
Investors in Shelby, MT typically see rents near $1,071/mo per month against $184K home values - a solid setup for rental cash flow.
Does a duplex house hack pencil in Shelby, MT?
For house hackers, Shelby, MT is a challenging. The $1,071/mo rent on a unit helps defray the mortgage on a $184K property.
Does Shelby, MT make sense for an investment property?
With a 3.0/5 investability score, Shelby, MT ranks as a solid market for rental property investors. Median prices of $184K and rents of $1,071/mo drive the underlying numbers.
You know 59474 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 59474 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
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