Real Estate Investing in Condon, Montana (59826)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 59826 (Condon, MT)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 45.8% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 41.3 — 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 Condon, MT (59826)?
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Market Analysis: 59826 Condon
The 59826 ZIP covers a section of Condon that demands careful diligence. Prices near $665K look accessible, but the work to make a deal cash flow is real.
The 59826 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
The gap between 59826 and stronger Condon ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
Resident income in 59826 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategically, 59826 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 Condon:
Property Strategy for 59826
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $627,642 | $1,490 | 1.7% | +12.3% | $313,821 |
| 3BR | $766,963 | $2,030 | 1.9% | +12.8% | $255,654 |
Market Trends
Home Value History (with trend line)
📊 How Does 59826 Compare?
| Metric | 59826 | Condon | Missoula, MT | Montana |
|---|---|---|---|---|
| Home Value | $665,152 | $665,152 | N/A | $457,278 |
| 5-Year CAGR | 6.8% | 6.8% | N/A | 9.2% |
| Avg Rent | $1,341 | $1,341 | N/A | - |
| Cap Rate | 1.6% | 1.6% | - | - |
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 59826 (Condon, 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 | $665,152 |
| Monthly Rent | $1,341 |
| Price-to-Rent | 41.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.4% |
| Cap Rate | 1.6% |
| 5-Year IRR | 8.3% |
📈 Home Appreciation
| 1-Year | +3.3% ▲ |
| 3-Year CAGR | +6.0% ▲ |
| 5-Year CAGR | +6.8% ▲ |
| 10-Year CAGR | +9.5% ▲ |
🏠 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 (1.6%). 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 59826
Population: 542
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 59826
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
Is Condon, MT a good market for buy-and-hold investors?
Our data puts Condon, MT at 3.0/5 for investability. Home prices of $665K and rents around $1,341/mo create a solid backdrop for investor activity.
How much is rent in Condon, MT?
Condon, MT rentals go for roughly $1,341/mo a month. That puts gross yield in solid territory relative to $665K acquisition costs.
What is the tenant pool like in Condon, MT?
Expect a solid tenant pool in Condon, MT. The rental market absorbs $1,341/mo rents without meaningful friction.
What real estate strategy is ideal for Condon, MT?
Condon, MT investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($665K prices, $1,341/mo rents) make it a reasonable choice.
Do landlords face vacancy issues in Condon, MT?
Expect elevated vacancy in Condon, MT. Rents at $1,341/mo are absorbed by the tenant base without meaningful lag.
You know 59826 now. You don’t know where it ranks.
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How 59826 ranks in Missoula, MT
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