Real Estate Investing in Elliston, Montana (59728)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 59728 (Elliston, 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: 27.6% of homes vacant — above national norms.
- Higher unemployment: 8.4% unemployment — tenant risk signal.
- High price-to-rent: Price-to-rent ratio 33.9 — 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 Elliston, MT (59728)?
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Market Analysis: 59728 Elliston
Stepping back, ZIP 59728 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $435K median. It rewards specialists, not generalists.
Meanwhile, the numbers look inviting — $435K purchase price, 0.0% nominal cap — the work to hit that pro forma in 59728 is substantial and deserves full respect.
ZIP 59728's metrics run below Powell County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Resident income in 59728 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategy in 59728 is an operator game, not a passive one. Meanwhile, entry prices of $435K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Elliston:
Market Trends
Home Value History (with trend line)
📊 How Does 59728 Compare?
| Metric | 59728 | Elliston | Montana |
|---|---|---|---|
| Home Value | $435,425 | $435,425 | $457,278 |
| 5-Year CAGR | 8.0% | 8.0% | 9.2% |
| Avg Rent | $1,071 | $1,071 | - |
| Cap Rate | 1.9% | 1.9% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 59728 (Elliston, MT). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $435,425 |
| Monthly Rent | $1,071 |
| Price-to-Rent | 33.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.0% |
| Cap Rate | 1.9% |
| 5-Year IRR | 10.0% |
📈 Home Appreciation
| 1-Year | +7.2% ▲ |
| 3-Year CAGR | +5.3% ▲ |
| 5-Year CAGR | +8.0% ▲ |
| 10-Year CAGR | +9.1% ▲ |
🏠 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 (1.9%). 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 59728
Population: 394
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 59728
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 is the tenant pool like in Elliston, MT?
Elliston, MT draws a even-keeled base of working renters. Demand at the $1,071/mo rent level is reasonable for standard single-family and small multi rentals.
Can owner-occupants cash flow in Elliston, MT?
House hacking in Elliston, MT is a challenging. With home values around $435K and rents at $1,071/mo, owner-occupants can offset a meaningful share of PITI.
Does Elliston, MT favor landlords or tenants?
For rental operators, Elliston, MT rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
Are rents high in Elliston, MT?
Rental rates in Elliston, MT average $1,071/mo. Tenant demand and $435K home values make the yield look reasonable by investor standards.
Are homes affordable in Elliston, MT?
Expect median prices around $435K in Elliston, MT. The market has run at a 0.0% 5-year CAGR, so entry costs have been steady.
You know 59728 now. You don’t know where it ranks.
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