The story of this market
The typical home in ZIP 59847 sells for about $539,900, or $265 per square foot.
Prices are up +3.2% from a year ago, so sellers still have some momentum. Homes take about 62 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,145 a month.
ZIP 59847 — Lolo
The Lolo housing market remains stable with moderate price appreciation driven by limited inventory and steady demand from Missoula commuters. While interest rates have tempered buyer activity, the area's appeal for outdoor-oriented living continues to support home values. Current conditions reflect a balanced market where well-priced homes sell within a reasonable timeframe.
Lolo is ideal for families and outdoor enthusiasts seeking a quieter, semi-rural lifestyle while maintaining a manageable commute to the amenities and jobs in Missoula.
Median prices moved up 3.2% year over year.
Homes spend a median of 62 days on market with 4.1 months of supply — a fast-moving market.
13% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 0.7% · poverty 5.3% — 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 9.2%/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 8.3%/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 59847, Missoula County, MT
Lolo experiences low levels of property and violent crime, generally remaining well below national averages and consistent with rural Montana trends.
Schools in the Lolo School District are generally well-regarded, providing a stable educational environment for the local community.
The area faces moderate wildfire risk common to the Bitterroot Valley, with residents typically maintaining standard fire-mitigation practices and insurance coverage.
Economic momentum is driven by proximity to Missoula, with Lolo serving as a growing residential hub for commuters and local service-sector expansion.
Property taxes are assessed by Missoula County based on state-mandated mill levies, with no local sales tax and standard homestead exemptions available for primary residences.
Commuters primarily utilize US Highway 93 for the 15-20 minute drive into Missoula, the region's primary employment and commercial core.
Residents enjoy immediate access to the Bitterroot River for fishing and floating, as well as extensive trail systems in the nearby Lolo National Forest.
The rental market is tight with low vacancy rates, driven by limited inventory and high demand from workers commuting to Missoula.
The economy is largely supported by the nearby Missoula labor market, with local employment concentrated in retail, education, and outdoor recreation services.
Transportation is heavily reliant on private vehicles, with US Highway 93 serving as the primary artery connecting the area to the broader region.
Local planning focuses on managing residential growth while preserving the rural character and protecting critical watershed areas along the Bitterroot River.
Missoula County utilizes a mass appraisal system to determine market value for tax purposes, with reappraisals occurring on a state-mandated cycle.
Parcels are subject to Lolo School District levies and various county-wide special districts for fire protection and rural services.
Property insurance premiums are influenced by wildfire risk assessments, with many carriers requiring fire-mitigation certification for coverage.
Montana has experienced consistent net domestic migration gains, with many new residents moving from Western states for lifestyle and remote-work opportunities.
Montana is primarily a non-judicial foreclosure state, allowing for a streamlined process under the Small Tract Financing Act for qualifying properties.
Montana requires sellers to provide a property disclosure statement, though the scope is limited compared to other states, emphasizing 'buyer beware' principles.
Data retrieved from data.census.gov using ZCTA 59847 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.
- Travelers' Rest State Park4.519.6 mi
- KT's Hayloft Saloon4.120 mi
- Missoula Montana Airport4.424.1 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Expansive public lands offering hiking, hunting, and camping.
Popular destination for fly fishing and seasonal water recreation.
A significant Lewis and Clark expedition site with interpretive trails.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.