Real Estate Investing in Butte, Montana (59701)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 59701 (Butte, 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.
- High vacancy: 13.0% of homes vacant — above national norms.
What’s happening in Butte, MT (59701)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 59701 Butte
The 59701 ZIP covers a section of Butte that demands careful diligence. Prices near $285K look accessible, but the work to make a deal cash flow is real.
For an experienced owner, 59701 can be a a solid fit for hunting ground — but the discount at $285K reflects genuine risk that outside investors often underestimate.
In the broader MT picture, 59701 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Resident income in 59701 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategically, 59701 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 Butte:
Property Strategy for 59701
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $159,147 | $1,150 | 5.2% | +13.7% | $159,147 |
| 2BR | $222,248 | $1,420 | 4.6% | +13.1% | $111,124 |
| 3BR | $304,079 | $1,970 | 4.7% | +10.7% | $101,360 |
| 4BR | $372,498 | $2,190 | 4.2% | +9.9% | $93,124 |
| 5BR | $481,578 | — | — | +9.2% | $96,316 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 59701 Compare?
| Metric | 59701 | Butte | Butte-Silver Bow, MT | Montana |
|---|---|---|---|---|
| Home Value | $284,648 | $432,016 | N/A | $457,278 |
| 5-Year CAGR | 7.8% | 7.1% | N/A | 9.2% |
| Avg Rent | $1,409 | $1,298 | N/A | - |
| Cap Rate | 3.9% | 2.7% | - | - |
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 59701 (Butte, MT). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $284,648 |
| Monthly Rent | $1,409 |
| Price-to-Rent | 16.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.9% |
| Cap Rate | 3.9% |
| 5-Year IRR | 11.7% |
📈 Home Appreciation
| 1-Year | +7.1% ▲ |
| 3-Year CAGR | +3.9% ▲ |
| 5-Year CAGR | +7.8% ▲ |
| 10-Year CAGR | +9.4% ▲ |
🏠 Rent Trends
| 1-Year | +9.0% ▲ |
| 3-Year CAGR | +7.8% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.9%). 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 59701
Population: 34,245
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 59701
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
Is housing expensive in Butte, MT?
In Butte, MT the median home value sits at $285K. Against the broader MT market, that reads as reasonable for most investors.
Are landlord laws favorable in Butte, MT?
MT law landlord-friendly for landlords, and Butte inherits those rules. Investors should still review local ordinances for rental licensing.
What kind of tenants rent in Butte, MT?
The tenant pool in Butte, MT is solid, supported by local employment and population fundamentals. Rents of $1,409/mo are well-absorbed by the market.
Is Butte, MT a good market for buy-and-hold investors?
The 3.0/5 investability rating in Butte, MT reflects its $285K prices and $1,409/mo rents. Investors generally consider it a solid option within MT.
Which investment style suits Butte, MT?
Butte, MT investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($285K prices, $1,409/mo rents) make it a reasonable choice.
You know 59701 now. You don’t know where it ranks.
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