Real Estate Investing in Lincoln, Montana (59639)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 59639 (Lincoln, 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: 44.1% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 28.9 — hard to cash-flow at these prices.
• 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 Lincoln, MT (59639)?
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Market Analysis: 59639 Lincoln
ZIP 59639 in Lincoln, MT carries a significant set of headwinds. Home values near $369K and rents of $1,062/mo sit inside a market where underwriting has to be tight.
Rent of $1,062/mo on a $369K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 59639 sits below the stated 0.0% once reality is priced in.
Nearby ZIPs in Lincoln have seen price recovery that 59639 has not matched. Lewis and Clark County data supports the view that the spread is structural rather than temporary.
The 59639 ZIP's population of 993 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that shows the need for careful underwriting.
Strategy in 59639 is an operator game, not a passive one. Looking more closely, entry prices of $369K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Lincoln:
Property Strategy for 59639
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $282,861 | $950 | 2.4% | +9.9% | $282,861 |
| 2BR | $330,587 | $1,180 | 2.6% | +10.3% | $165,294 |
| 3BR | $443,027 | $1,610 | 2.6% | +9.6% | $147,676 |
Market Trends
Home Value History (with trend line)
📊 How Does 59639 Compare?
| Metric | 59639 | Lincoln | Helena, MT | Montana |
|---|---|---|---|---|
| Home Value | $368,571 | $368,571 | N/A | $457,278 |
| 5-Year CAGR | 6.4% | 6.4% | N/A | 9.2% |
| Avg Rent | $1,062 | $1,062 | N/A | - |
| Cap Rate | 2.3% | 2.3% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 59639 (Lincoln, MT). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $368,571 |
| Monthly Rent | $1,062 |
| Price-to-Rent | 28.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.5% |
| Cap Rate | 2.3% |
| 5-Year IRR | 8.7% |
📈 Home Appreciation
| 1-Year | +6.9% ▲ |
| 3-Year CAGR | +4.6% ▲ |
| 5-Year CAGR | +6.4% ▲ |
| 10-Year CAGR | +8.1% ▲ |
🏠 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 (2.3%). 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 59639
Population: 993
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 59639
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
How much does a house cost in Lincoln, MT?
Expect median prices around $369K in Lincoln, MT. The market has run at a 0.0% 5-year CAGR, so entry costs have been stable.
Does Lincoln, MT make sense for an investment property?
Lincoln, MT rates 3.0/5 for investability. With median values at $369K and rents near $1,062/mo, the market offers reasonable fundamentals for rental investors.
What is the typical renter like in Lincoln, MT?
Lincoln, MT draws a predictable base of working renters. Demand at the $1,062/mo rent level is reasonable for standard single-family and small multi rentals.
What is it like being a landlord in Lincoln, MT?
For rental operators, Lincoln, MT rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
Is vacancy a concern in Lincoln, MT?
Lincoln, MT carries elevated vacancy risk. Expect stable absorption at market rents of $1,062/mo.
You know 59639 now. You don’t know where it ranks.
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