Real Estate Investing in Bonner, Montana (59823)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 59823 (Bonner, 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: 12.1% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 35.7 — 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 Bonner, MT (59823)?
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Market Analysis: 59823 Bonner
The 59823 ZIP in Bonner, MT is a local-operator market. Outside capital chasing a $606K entry has to pair deep knowledge with the discount.
For an experienced owner, 59823 can be a worth a close look for hunting ground — but the discount at $606K reflects genuine risk that outside investors often underestimate.
Within MT, ZIP 59823 trails on several market indicators that neighboring Missoula County submarkets outperform. The gap is real and impressive enough to shape underwriting.
Who lives in 59823 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
The 59823 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Bonner:
Property Strategy for 59823
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $541,259 | $1,570 | 2.1% | +12.1% | $270,630 |
| 3BR | $632,367 | $2,140 | 2.4% | +11.0% | $210,789 |
| 4BR | $716,638 | $2,490 | 2.5% | +10.7% | $179,160 |
Market Trends
Home Value History (with trend line)
📊 How Does 59823 Compare?
| Metric | 59823 | Bonner | Missoula, MT | Montana |
|---|---|---|---|---|
| Home Value | $605,824 | $605,824 | N/A | $457,278 |
| 5-Year CAGR | 5.3% | 5.3% | N/A | 9.2% |
| Avg Rent | $1,413 | $1,413 | N/A | - |
| Cap Rate | 1.8% | 1.8% | - | - |
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 59823 (Bonner, MT). Anonymous, moderated, never written by AI.
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Property managers serving Missoula County
Manage rentals here? List your business →Highland Property Management, a subsidiary of Summit Management Group, Inc., focuses on the development, management, and construction of market-rate, workforce, rent-to-own, and low-income multi-famil summary from their website
Plum Property Management proudly serves renters and owners in Western Montana, offering management services for commercial, residential, vacation, and storage properties. summary from their website
Real Property Management Sapphire provides property management services in the Bitterroot Valley, 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 | $605,824 |
| Monthly Rent | $1,413 |
| Price-to-Rent | 35.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.8% |
| Cap Rate | 1.8% |
| 5-Year IRR | 7.1% |
📈 Home Appreciation
| 1-Year | +2.7% ▲ |
| 3-Year CAGR | +3.3% ▲ |
| 5-Year CAGR | +5.3% ▲ |
| 10-Year CAGR | +8.4% ▲ |
🏠 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 (1.8%). 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 59823
Population: 2,069
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 59823
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
Are homes affordable in Bonner, MT?
Bonner, MT home values average about $606K. That price point suits investors targeting rentals with $1,413/mo in monthly income.
Is Bonner, MT a friendly market for rental owners?
Bonner, MT falls under MT landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
What is the tenant pool like in Bonner, MT?
The tenant pool in Bonner, MT is solid, supported by local employment and population fundamentals. Rents of $1,413/mo are well-absorbed by the market.
What are vacancy rates like in Bonner, MT?
Vacancy in Bonner, MT is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,413/mo.
How should investors approach Bonner, MT?
In Bonner, MT the sturdy play is typically careful cash-flow rentals with hands-on management. The combination of $606K prices and $1,413/mo rents suits that approach.
You know 59823 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 59823 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 59823 ranks in Missoula, MT
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