Real Estate Investing in Lima, Montana (59739)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 59739 (Lima, 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: 53.6% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 25.4 — 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 Lima, MT (59739)?
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Market Analysis: 59739 Lima
Investors eyeing 59739 need to respect the fundamentals at play. Home values of $277K come alongside slower price movement and elevated management overhead.
Rent of $909/mo on a $277K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 59739 sits below the stated 0.0% once reality is priced in.
Nearby ZIPs in Lima have seen price recovery that 59739 has not matched. Beaverhead County data supports the view that the spread is structural rather than temporary.
The 59739 ZIP's population of 303 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that comes in at the need for careful underwriting.
New investors are better served looking at Lima's stable or hybrid ZIPs before stepping into 59739. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Lima:
Market Trends
Home Value History (with trend line)
📊 How Does 59739 Compare?
| Metric | 59739 | Lima | Montana |
|---|---|---|---|
| Home Value | $276,604 | $276,604 | $457,278 |
| 5-Year CAGR | 8.0% | 8.0% | 9.2% |
| Avg Rent | $909 | $909 | - |
| Cap Rate | 2.6% | 2.6% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 59739 (Lima, MT). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $276,604 |
| Monthly Rent | $909 |
| Price-to-Rent | 25.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.9% |
| Cap Rate | 2.6% |
| 5-Year IRR | 10.6% |
📈 Home Appreciation
| 1-Year | +7.5% ▲ |
| 3-Year CAGR | +7.6% ▲ |
| 5-Year CAGR | +8.0% ▲ |
| 10-Year CAGR | +9.0% ▲ |
🏠 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 (2.6%). 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 59739
Population: 303
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 59739
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
Where do home prices stand in Lima, MT?
Lima, MT median home values land near $277K. That is reasonable territory for investors looking at $909/mo-per-month rentals.
How deep is the rental pool in Lima, MT?
Expect a solid tenant pool in Lima, MT. The rental market absorbs $909/mo rents without meaningful friction.
Are there empty rentals in Lima, MT?
Vacancy in Lima, MT is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $909/mo.
Is house hacking profitable in Lima, MT?
House hacking works a challenging in Lima, MT. Rents of $909/mo against $277K acquisition make the strategy solid for owner-occupants.
Is Lima, MT a friendly market for rental owners?
Lima, MT falls under MT landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
You know 59739 now. You don’t know where it ranks.
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