Real Estate Investing in Hot Springs, Montana (59845)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 59845 (Hot Springs, 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: 23.3% of homes vacant — above national norms.
- Lower household income: $29,194 median — tenant affordability is tighter.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Hot Springs, MT (59845)?
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Market Analysis: 59845 Hot Springs
Looking more closely, ZIP 59845 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $269K median. It rewards specialists, not generalists.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 59845 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
ZIP 59845's metrics run below Sanders County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Who lives in 59845 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Distressed ZIPs reward experience. robust returns are possible in 59845, 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 Hot Springs:
Property Strategy for 59845
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $147,887 | $1,130 | 5.5% | +10.9% | $147,887 |
| 2BR | $223,564 | $1,480 | 4.8% | +11.1% | $111,782 |
| 3BR | $338,663 | $1,970 | 4.2% | +11.8% | $112,888 |
Market Trends
Home Value History (with trend line)
📊 How Does 59845 Compare?
| Metric | 59845 | Hot Springs | Kalispell, MT | Montana |
|---|---|---|---|---|
| Home Value | $269,064 | $269,064 | N/A | $457,278 |
| 5-Year CAGR | 7.9% | 7.9% | N/A | 9.2% |
| Avg Rent | $1,332 | $1,332 | N/A | - |
| Cap Rate | 3.9% | 3.9% | - | - |
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 59845 (Hot Springs, MT). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $269,064 |
| Monthly Rent | $1,332 |
| Price-to-Rent | 16.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.9% |
| Cap Rate | 3.9% |
| 5-Year IRR | 11.8% |
📈 Home Appreciation
| 1-Year | +7.9% ▲ |
| 3-Year CAGR | +5.5% ▲ |
| 5-Year CAGR | +7.9% ▲ |
| 10-Year CAGR | +10.3% ▲ |
🏠 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 (3.9%). 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 59845
Population: 1,228
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 59845
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
What is the typical vacancy rate in Hot Springs, MT?
Occupancy in Hot Springs, MT runs predictable with elevated vacancy. Well-priced units at $1,332/mo lease on reasonable timelines.
What monthly rent should investors expect in Hot Springs, MT?
Rental rates in Hot Springs, MT average $1,332/mo. Tenant demand and $269K home values make the yield look reasonable by investor standards.
What is the tenant pool like in Hot Springs, MT?
Expect a solid tenant pool in Hot Springs, MT. The rental market absorbs $1,332/mo rents without meaningful friction.
What is the smart move for investors in Hot Springs, MT?
Most investors in Hot Springs, 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 average home sale price in Hot Springs, MT?
Expect median prices around $269K in Hot Springs, MT. The market has run at a 0.0% 5-year CAGR, so entry costs have been measured.
You know 59845 now. You don’t know where it ranks.
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How 59845 ranks in Kalispell, MT
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