The story of this market
The typical home in ZIP 59032 sells for about $225,000, or $142 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 185 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $850 a month.
ZIP 59032 — Grass Range
The housing market in 59032 is characterized by low inventory and very limited sales volume, reflecting its rural nature. Prices have seen modest year-over-year growth, driven by limited supply rather than high demand. The market remains stable with no significant development or economic shifts impacting current conditions.
This ZIP is best suited for those seeking a quiet, rural lifestyle, including agricultural workers, retirees, and individuals looking for affordable housing away from urban centers.
Median prices moved up 2.1% year over year.
Homes spend a median of 185 days on market with 6.2 months of supply — a slower-moving market.
0% of listings have cut prices · homes sell at 96.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.1% · poverty 23.2% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 59032, Fergus County MT
Crime rates in the Grass Range area are significantly lower than the national average, consistent with the rural character of Fergus County.
The area is served by the Grass Range K-12 school system, which provides small-class-size education typical of rural Montana districts.
The region faces moderate wildfire risk during summer months and standard winter weather hazards; property insurance availability is generally stable but subject to regional wildfire underwriting guidelines.
The local economy is primarily driven by agriculture and ranching, with limited new commercial development or major infrastructure projects currently underway.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Montana) — Taxable Interests in Exempt Property: The property is assessed and taxed to the private holder as if they held legal title, without deduction for unpaid purchase price. State (Montana) — Residential Property Tax Assessment: Property is valued by the Department of Revenue; tax is calculated by applying the state-determined tax rate to the taxable value (Market Value x Tax Rate). Homestead and long-term rental reduced tax rates are available via enrollment.
Commuting is primarily by private vehicle, with residents traveling to larger regional hubs like Lewistown for employment and services.
The area offers extensive access to outdoor recreation, including hunting, fishing, and proximity to public lands, with limited local shopping and dining options.
The rental market is extremely limited with low turnover and minimal institutional investor presence, primarily consisting of single-family homes.
The economy is anchored by the agricultural sector, specifically cattle ranching and dryland farming, with minimal industrial diversification.
Public transit is not available; the area relies on state highway corridors for regional connectivity.
There are no major commercial or residential developments currently approved or under construction in the ZIP code.
The Fergus County Assessor manages property valuations based on periodic reappraisal cycles mandated by the state of Montana.
Parcels are subject to local school district levies and county-wide emergency service and road maintenance districts.
Property insurance premiums are influenced by regional wildfire risk assessments and the distance to fire protection services.
Net domestic migration is stable, with modest turnover typical of rural Montana communities.
Montana is a non-judicial foreclosure state, allowing for trustee sales under deeds of trust with specific notice and cure periods.
Montana requires sellers to provide a property disclosure statement regarding known material defects, though 'as-is' sales are common.
Data retrieved from data.census.gov ZCTA 59032 profile.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
Local community park providing green space and recreational facilities.
Regional hub for community events and agricultural exhibitions.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.