The story of this market
The typical home in ZIP 59731 sells for about $699,000, or $325 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 84 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,500 a month.
ZIP 59731 — Garrison
The housing market in ZIP 59731 remains resilient, supported by steady demand for lifestyle properties and limited inventory. While price growth has moderated compared to the post-pandemic surge, the market remains a seller's environment due to the scarcity of available homes. Buyers are increasingly focused on long-term value, with high interest rates tempering the pace of sales.
This area is best suited for outdoor enthusiasts, retirees, and remote workers seeking a tranquil lifestyle with access to wilderness, rather than those requiring urban convenience.
Median prices moved up 2.1% year over year.
Homes spend a median of 84 days on market with 5.8 months of supply — a balanced-paced market.
12% of listings have cut prices · homes sell at 97% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 0.0% · poverty 4.0% — 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 10.5%/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 10.4%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 59731, Park County MT
Crime rates in this region remain low compared to national averages, with property crime being the primary concern in rural areas. Trends have remained stable over the last reporting period.
Schools in this area are generally characterized by small class sizes and strong community involvement, though resources can be limited due to the rural geography.
The area faces moderate to high wildfire risk during summer months, necessitating careful property maintenance and comprehensive insurance coverage. Flood risks are localized primarily to river valleys.
Economic momentum is driven by tourism, agriculture, and proximity to Yellowstone National Park. Infrastructure development is focused on maintaining access to remote areas rather than large-scale urban expansion.
Property taxes are assessed at the county level based on market value, with mill levies determined by local school districts and municipal budgets. Montana does not have a general sales tax.
Commuting is primarily by private vehicle, with travel times often exceeding 30 minutes due to the mountainous terrain and distance between small towns.
The area offers world-class outdoor amenities including fly fishing in the Yellowstone River, extensive hiking trails in the Absaroka-Beartooth Wilderness, and proximity to Yellowstone National Park.
The rental market is tight with low vacancy rates, heavily influenced by seasonal demand from tourism workers and a limited supply of long-term housing.
The economy is anchored by tourism, agriculture, and ranching, with a growing segment of remote professionals relocating to the area.
Transportation is heavily reliant on highway corridors like I-90, with limited public transit options available outside of local shuttle services.
Development is strictly managed by county zoning to preserve the rural character and scenic vistas of the region.
The Park County appraisal district conducts cyclical reappraisals to align assessed values with current market trends.
Parcels are subject to local school district levies and may fall within specific fire or water/sewer districts depending on proximity to town centers.
Property insurance premiums are rising due to increased wildfire risk and the high cost of rebuilding in remote mountain locations.
Montana continues to see net positive domestic migration, driven by individuals seeking lifestyle changes and outdoor access.
Montana is primarily a non-judicial foreclosure state, allowing for a streamlined process under the Small Tract Financing Act.
Sellers are required to provide a property disclosure statement detailing known material defects, though 'as-is' sales are common.
Data retrieved from data.census.gov for ZCTA 59731.
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.
- Grant-Kohrs Ranch National Historic Site4.712.6 mi
- Old Montana Prison & Auto Museum Complex4.713.5 mi
- Grant-Kohrs Ranch National Historic Site4.712.6 mi
- Montana Auto Museum4.913.6 mi
- Safeway4.212.8 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
World-renowned natural landmark providing extensive recreation.
Premier destination for fly fishing and river recreation.
Expansive public land for hiking, hunting, and wildlife viewing.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.