Real Estate Investing in Essex, Montana (59916)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 59916 (Essex, 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: 74.1% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 26.9 — 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 Essex, MT (59916)?
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Market Analysis: 59916 Essex
This part of Flathead County is not an easy win. The 59916 ZIP reflects softness in key indicators, and the playbook that works in cleaner markets often stalls here.
The investment case in 59916 is sturdy only for operators who understand what they are buying. A $429K median suggests accessibility, but management intensity, vacancy drift, and capex surprises are real.
Nearby ZIPs in Essex have seen price recovery that 59916 has not matched. Flathead County data supports the view that the spread is structural rather than temporary.
Who lives in 59916 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Experienced landlords with local relationships tend to find 59916 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 Essex:
Property Strategy for 59916
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $299,295 | $1,130 | 2.7% | +10.6% | $299,295 |
| 2BR | $445,821 | $1,480 | 2.4% | +9.5% | $222,910 |
Market Trends
Home Value History (with trend line)
📊 How Does 59916 Compare?
| Metric | 59916 | Essex | Kalispell, MT | Montana |
|---|---|---|---|---|
| Home Value | $429,485 | $429,485 | N/A | $457,278 |
| 5-Year CAGR | 5.4% | 5.4% | N/A | 9.2% |
| Avg Rent | $1,332 | $1,332 | N/A | - |
| Cap Rate | 2.4% | 2.4% | - | - |
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 59916 (Essex, MT). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $429,485 |
| Monthly Rent | $1,332 |
| Price-to-Rent | 26.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.7% |
| Cap Rate | 2.4% |
| 5-Year IRR | 7.9% |
📈 Home Appreciation
| 1-Year | +4.1% ▲ |
| 3-Year CAGR | +3.0% ▲ |
| 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 (2.4%). 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 59916
Population: 168
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
Frequently Asked Questions
How expensive is real estate in Essex, MT?
Essex, MT median home values land near $429K. That is reasonable territory for investors looking at $1,332/mo-per-month rentals.
Is Essex, MT a good place for real estate investing?
Our data puts Essex, MT at 3.0/5 for investability. Home prices of $429K and rents around $1,332/mo create a solid backdrop for investor activity.
What are vacancy rates like in Essex, MT?
Essex, MT vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
How do landlord-tenant laws work in Essex, MT?
For rental operators, Essex, MT rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
Is it easy to find good tenants in Essex, MT?
Expect a solid tenant pool in Essex, MT. The rental market absorbs $1,332/mo rents without meaningful friction.
You know 59916 now. You don’t know where it ranks.
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How 59916 ranks in Kalispell, MT
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