The story of this market
The typical home in ZIP 59022 sells for about $330,000, or $140 per square foot.
Homes take about 60 days to sell. HUD's fair market rent for a two-bedroom is $474 a month.
ZIP 59022 — Crow Agency
The Colstrip housing market is characterized by very low inventory and limited sales activity, reflecting a stable but stagnant local economy. Prices remain modest, and the market is primarily driven by local industry employment rather than speculative investment.
This area primarily serves families and workers associated with the local energy and mining industries, offering a small-town environment with relatively affordable housing compared to national averages.
Median prices moved sideways 0.0% year over year.
Homes spend a median of 60 days on market with 3.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 100% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 31.4% · poverty 37.2% — elevated distress and economic pressure.
versus the prior ACS vintage
ZCTA 59323, Colstrip, MT
The area is subject to extreme temperature fluctuations, with historical record highs reaching 111°F.
The local economy is historically anchored by coal mining and electricity production, with ongoing transitions impacting long-term development momentum.
Property taxes in Colstrip are administered at the county level in Rosebud County, with an effective rate of 0.84% based on assessed market values.
The economy is heavily reliant on the energy sector, specifically coal mining and power generation facilities.
Data aggregated from Census Bureau and local market reports.
Local community green space.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.