Real Estate Investing in Drummond, Montana (59832)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 59832 (Drummond, 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: 31.6% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 32.2 — 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 Drummond, MT (59832)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 59832 Drummond
The 59832 ZIP covers a section of Drummond that demands careful diligence. Prices near $344K look accessible, but the work to make a deal cash flow is real.
On balance, the numbers look inviting — $344K purchase price, 0.0% nominal cap — the work to hit that pro forma in 59832 is substantial and deserves full respect.
Nearby ZIPs in Drummond have seen price recovery that 59832 has not matched. Granite County data supports the view that the spread is structural rather than temporary.
Who lives in 59832 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
New investors are better served looking at Drummond's stable or hybrid ZIPs before stepping into 59832. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Drummond:
Market Trends
Home Value History (with trend line)
📊 How Does 59832 Compare?
| Metric | 59832 | Drummond | Montana |
|---|---|---|---|
| Home Value | $344,296 | $344,296 | $457,278 |
| 5-Year CAGR | 5.4% | 5.4% | 9.2% |
| Avg Rent | $891 | $891 | - |
| Cap Rate | 2.0% | 2.0% | - |
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 59832 (Drummond, MT). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 59832 (Drummond, MT)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $344,296 |
| Monthly Rent | $891 |
| Price-to-Rent | 32.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.1% |
| Cap Rate | 2.0% |
| 5-Year IRR | 7.4% |
📈 Home Appreciation
| 1-Year | +4.4% ▲ |
| 3-Year CAGR | +3.4% ▲ |
| 5-Year CAGR | +5.4% ▲ |
| 10-Year CAGR | +8.6% ▲ |
🏠 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 (2.0%). 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 59832
Population: 841
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 59832
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 much does a house cost in Drummond, MT?
Median home price in Drummond, MT is near $344K, with a 5-year CAGR of 0.0%. Prices have been even-keeled and supportive of buy-and-hold strategies.
What does house hacking look like in Drummond, MT?
House hacking in Drummond, MT is reasonable to execute. Prices around $344K and rents of $891/mo solid owner-occupant economics.
Is Drummond, MT a good place for real estate investing?
With a 3.0/5 investability score, Drummond, MT ranks as a solid market for rental property investors. Median prices of $344K and rents of $891/mo drive the underlying numbers.
What are rental rates like in Drummond, MT?
Drummond, MT rentals go for roughly $891/mo a month. That puts gross yield in solid territory relative to $344K acquisition costs.
How qualified is the tenant pool in Drummond, MT?
Drummond, MT draws a predictable base of working renters. Demand at the $891/mo rent level is reasonable for standard single-family and small multi rentals.
You know 59832 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 59832 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.
AI Market Advisor
Ask questions about investing in 59832 (Drummond)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 59832 (Drummond, MT).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.