Real Estate Investing in Corvallis, Montana (59828)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 59828 (Corvallis, 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 37.4 — 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 Corvallis, MT (59828)?
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Market Analysis: 59828 Corvallis
The 59828 ZIP in Corvallis, MT is a local-operator market. Outside capital chasing a $666K entry has to pair deep knowledge with the discount.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 59828 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
In the broader MT picture, 59828 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Demographically, 59828 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.
The 59828 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 Corvallis:
Property Strategy for 59828
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $533,956 | $1,650 | 2.2% | +10.1% | $266,978 |
| 3BR | $643,167 | $2,290 | 2.6% | +10.4% | $214,389 |
| 4BR | $820,406 | $2,770 | 2.4% | +9.5% | $205,102 |
Market Trends
Home Value History (with trend line)
📊 How Does 59828 Compare?
| Metric | 59828 | Corvallis | Montana |
|---|---|---|---|
| Home Value | $665,811 | $665,811 | $457,278 |
| 5-Year CAGR | 4.3% | 4.3% | 9.2% |
| Avg Rent | $1,485 | $1,485 | - |
| Cap Rate | 1.7% | 1.7% | - |
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 59828 (Corvallis, MT). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $665,811 |
| Monthly Rent | $1,485 |
| Price-to-Rent | 37.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.7% |
| Cap Rate | 1.7% |
| 5-Year IRR | 6.0% |
📈 Home Appreciation
| 1-Year | +2.2% ▲ |
| 3-Year CAGR | +2.0% ▲ |
| 5-Year CAGR | +4.3% ▲ |
| 10-Year CAGR | +8.5% ▲ |
🏠 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 (1.7%). 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 59828
Population: 5,798
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 59828
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 does Corvallis, MT stack up for property investment?
Yes - Corvallis, MT a 3.0/5 investability score. With $666K home prices against $1,485/mo monthly rent, the market delivers a reasonable entry point for new investors.
Are tenants stable in Corvallis, MT?
Working renters make up the core of the Corvallis, MT tenant base. The pool is reasonable for investors targeting long-term holds.
How much is rent in Corvallis, MT?
Corvallis, MT rentals go for roughly $1,485/mo a month. That puts gross yield in solid territory relative to $666K acquisition costs.
Are homes affordable in Corvallis, MT?
Corvallis, MT median home values land near $666K. That is reasonable territory for investors looking at $1,485/mo-per-month rentals.
Which real estate strategy fits Corvallis, MT?
The best-fit strategy in Corvallis, MT is careful cash-flow rentals with hands-on management. That approach the rent and price profile of the market.
You know 59828 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 59828 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.
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