Real Estate Investing in Libby, Montana (59923)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 59923 (Libby, 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.
- Elevated vacancy: 11.1% vacancy may signal weakening demand.
- High price-to-rent: Price-to-rent ratio 30.4 — 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 Libby, MT (59923)?
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Market Analysis: 59923 Libby
ZIP 59923 inside Lincoln County looks affordable on the surface — median value of $349K — but the discount exists for reasons that a careful buyer should understand before committing.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $349K asset, 59923 is the wrong submarket. If the plan prices in friction, the yield can still work.
The gap between 59923 and stronger Libby ZIPs is not closing quickly. Investors should weight long-horizon assumptions accordingly.
The 59923 ZIP's population of 9,885 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that shows the need for careful underwriting.
New investors are better served looking at Libby's stable or hybrid ZIPs before stepping into 59923. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Libby:
Property Strategy for 59923
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $267,519 | $970 | 2.6% | +13.2% | $267,519 |
| 2BR | $282,678 | $1,060 | 2.7% | +13.0% | $141,339 |
| 3BR | $385,947 | $1,470 | 2.7% | +13.4% | $128,649 |
| 4BR | $407,920 | $1,720 | 3.0% | +12.6% | $101,980 |
| 5BR | $468,228 | — | — | +13.0% | $93,646 |
Market Trends
Home Value History (with trend line)
📊 How Does 59923 Compare?
| Metric | 59923 | Libby | Montana |
|---|---|---|---|
| Home Value | $348,504 | $348,504 | $457,278 |
| 5-Year CAGR | 7.9% | 7.9% | 9.2% |
| Avg Rent | $954 | $954 | - |
| Cap Rate | 2.1% | 2.1% | - |
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 59923 (Libby, MT). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $348,504 |
| Monthly Rent | $954 |
| Price-to-Rent | 30.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.3% |
| Cap Rate | 2.1% |
| 5-Year IRR | 10.0% |
📈 Home Appreciation
| 1-Year | +1.4% ▲ |
| 3-Year CAGR | +3.6% ▲ |
| 5-Year CAGR | +7.9% ▲ |
| 10-Year CAGR | +9.8% ▲ |
🏠 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 (2.1%). 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 59923
Population: 9,885
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 59923
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
Does Libby, MT make sense for an investment property?
Libby, MT rates 3.0/5 for investability. With median values at $349K and rents near $954/mo, the market offers reasonable fundamentals for rental investors.
How deep is the rental pool in Libby, MT?
Tenant demand in Libby, MT is solid. The local workforce $954/mo rents across most rental classes.
What monthly rent should investors expect in Libby, MT?
Investors in Libby, MT typically see rents near $954/mo per month against $349K home values - a solid setup for rental cash flow.
How high is vacancy risk in Libby, MT?
Expect elevated vacancy in Libby, MT. Rents at $954/mo are absorbed by the tenant base without meaningful lag.
Is MT a landlord-friendly state?
Rental owners in Libby, MT deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
You know 59923 now. You don’t know where it ranks.
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