Real Estate Investing in Ronan, Montana (59864)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 59864 (Ronan, 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: 13.0% of homes vacant — above national norms.
- Elevated poverty: 20.0% poverty rate — can affect rent collection.
- High price-to-rent: Price-to-rent ratio 29.6 — 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 Ronan, MT (59864)?
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Market Analysis: 59864 Ronan
This part of Lake County is not an easy win. The 59864 ZIP records softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Distressed does not mean uninvestable. It means the margin for error is thinner. ZIP 59864 rewards the prepared, punishes the overconfident, and leaves the math unchanged either way.
In practical terms, 59864 offers a low basis, the region around Ronan has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Demographically, 59864 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.
Experienced landlords with local relationships tend to find 59864 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Ronan:
Property Strategy for 59864
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $377,104 | $1,400 | 2.7% | +10.7% | $188,552 |
| 3BR | $434,450 | $1,810 | 3.0% | +10.4% | $144,817 |
| 4BR | $572,810 | $1,930 | 2.4% | +11.2% | $143,202 |
Market Trends
Home Value History (with trend line)
📊 How Does 59864 Compare?
| Metric | 59864 | Ronan | Montana |
|---|---|---|---|
| Home Value | $447,152 | $367,040 | $457,278 |
| 5-Year CAGR | 5.9% | 5.3% | 9.2% |
| Avg Rent | $1,260 | $1,220 | - |
| Cap Rate | 2.2% | 2.7% | - |
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 59864 (Ronan, MT). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $447,152 |
| Monthly Rent | $1,260 |
| Price-to-Rent | 29.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.4% |
| Cap Rate | 2.2% |
| 5-Year IRR | 8.1% |
📈 Home Appreciation
| 1-Year | +4.1% ▲ |
| 3-Year CAGR | +3.5% ▲ |
| 5-Year CAGR | +5.9% ▲ |
| 10-Year CAGR | +8.8% ▲ |
🏠 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 (2.2%). 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 59864
Population: 7,399
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 59864
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.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
What is it like being a landlord in Ronan, MT?
Ronan, MT falls under MT landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
Is the tenant base reliable in Ronan, MT?
The tenant pool in Ronan, MT is solid, supported by local employment and population fundamentals. Rents of $1,260/mo are well-absorbed by the market.
How do home values compare in Ronan, MT?
Typical homes in Ronan, MT go for around $447K. The 5-year CAGR of 0.0% steady price movement.
Does house hacking work in Ronan, MT?
Ronan, MT offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $1,260/mo rent level.
Do landlords face vacancy issues in Ronan, MT?
Vacancy risk in Ronan, MT is elevated. That supports steady cash flow for typical rental holds.
You know 59864 now. You don’t know where it ranks.
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