Real Estate Investing in Manhattan, Montana (59741)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 59741 (Manhattan, 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 price-to-rent: Price-to-rent ratio 28.4 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Manhattan, MT (59741)?
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Market Analysis: 59741 Manhattan
The 59741 ZIP covers a section of Manhattan that demands careful diligence. Prices near $678K look accessible, but the work to make a deal cash flow is real.
The investment case in 59741 is significant only for operators who understand what they are buying. A $678K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
In the broader MT picture, 59741 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Demographically, 59741 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
Distressed ZIPs reward experience. sturdy returns are possible in 59741, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Manhattan:
Property Strategy for 59741
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $459,150 | $2,210 | 3.5% | +7.0% | $229,575 |
| 3BR | $603,245 | $3,070 | 3.7% | +7.1% | $201,082 |
| 4BR | $795,646 | $3,630 | 3.3% | +7.5% | $198,911 |
| 5BR | $947,427 | — | — | +6.7% | $189,485 |
Market Trends
Home Value History (with trend line)
📊 How Does 59741 Compare?
| Metric | 59741 | Manhattan | Bozeman, MT | Montana |
|---|---|---|---|---|
| Home Value | $677,622 | $677,622 | N/A | $457,278 |
| 5-Year CAGR | 3.6% | 3.6% | N/A | 9.2% |
| Avg Rent | $1,989 | $1,989 | N/A | - |
| Cap Rate | 2.3% | 2.3% | - | - |
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 59741 (Manhattan, MT). Anonymous, moderated, never written by AI.
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Property managers serving Gallatin County
Manage rentals here? List your business →Best Bozeman Property Management, LLC offers vacation rentals, caretaking, and concierge services in the Bozeman, MT area, including properties near Yellowstone National Park and Bridger Ski Area. summary from their website
H3 Property Management offers full-service property management in Bozeman, providing expertise for property owners and helping tenants find rentals. summary from their website
Real Property Management Bozeman provides property management services in Bozeman, MT. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $677,622 |
| Monthly Rent | $1,989 |
| Price-to-Rent | 28.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.5% |
| Cap Rate | 2.3% |
| 5-Year IRR | 5.9% |
📈 Home Appreciation
| 1-Year | +5.7% ▲ |
| 3-Year CAGR | +3.4% ▲ |
| 5-Year CAGR | +3.6% ▲ |
| 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 59741
Population: 5,635
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 59741
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 should investors approach Manhattan, MT?
Most investors in Manhattan, MT run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
What is the typical home price in Manhattan, MT?
In Manhattan, MT the median home value sits at $678K. Against the broader MT market, that reads as reasonable for most investors.
How does Manhattan, MT stack up for property investment?
Yes - Manhattan, MT a 3.0/5 investability score. With $678K home prices against $1,989/mo monthly rent, the market delivers a reasonable entry point for new investors.
How high is vacancy risk in Manhattan, MT?
Vacancy risk in Manhattan, MT is elevated. That supports measured cash flow for typical rental holds.
Is Manhattan, MT a good market for FHA house hackers?
Manhattan, MT is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $678K price point reasonable to enter.
You know 59741 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 59741 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 59741 ranks in Bozeman, MT
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