Real Estate Investing in Basin, Montana (59631)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 59631 (Basin, MT)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 14.5% of homes vacant — above national norms.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Basin, MT (59631)?
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Market Analysis: 59631 Basin
Investors eyeing 59631 need to respect the fundamentals at play. Home values of $292K come alongside slower price movement and elevated management overhead.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $292K asset, 59631 is the wrong submarket. If the plan prices in friction, the yield can still work.
Nearby ZIPs in Basin have seen price recovery that 59631 has not matched. Jefferson County data supports the view that the spread is structural rather than temporary.
Who lives in 59631 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 Basin's stable or hybrid ZIPs before stepping into 59631. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Basin:
Market Trends
Home Value History (with trend line)
📊 How Does 59631 Compare?
| Metric | 59631 | Basin | Helena, MT | Montana |
|---|---|---|---|---|
| Home Value | $291,928 | $291,928 | N/A | $457,278 |
| 5-Year CAGR | 5.1% | 5.1% | N/A | 9.2% |
| Avg Rent | $1,242 | $1,242 | N/A | - |
| Cap Rate | 3.3% | 3.3% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 59631 (Basin, MT). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $291,928 |
| Monthly Rent | $1,242 |
| Price-to-Rent | 19.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.1% |
| Cap Rate | 3.3% |
| 5-Year IRR | 8.4% |
📈 Home Appreciation
| 1-Year | +6.7% ▲ |
| 3-Year CAGR | +1.5% ▲ |
| 5-Year CAGR | +5.1% ▲ |
| 10-Year CAGR | +7.6% ▲ |
🏠 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 (3.3%). 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 59631
Population: 367
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 59631
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
Is Basin, MT a good place for real estate investing?
Basin, MT sits at an investability rating of 3.0/5, with median home values near $292K and average rents around $1,242/mo. That combination puts it in the solid tier for investor interest.
What is the average monthly rent in Basin, MT?
Expect rents around $1,242/mo per month in Basin, MT. With home values at $292K, the yield math works out to reasonable levels for rental investors.
Is the tenant base reliable in Basin, MT?
Tenant demand in Basin, MT is solid. The local workforce $1,242/mo rents across most rental classes.
Can owner-occupants cash flow in Basin, MT?
Basin, MT offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $1,242/mo rent level.
Is vacancy a concern in Basin, MT?
Expect elevated vacancy in Basin, MT. Rents at $1,242/mo are absorbed by the tenant base without meaningful lag.
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