The story of this market
The typical home in ZIP 59035 sells for about $597,209, or $325 per square foot.
Prices are down 11.5% from a year ago, which gives buyers more room to negotiate. Homes take about 68 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $1,500 a month.
ZIP 59035 — Fort Smith
The housing market in 59035 is experiencing a correction following years of rapid appreciation, evidenced by a double-digit year-over-year price decline. High vacancy rates and limited local economic drivers contribute to a slow-moving market with significant seasonal influence.
This area is best suited for outdoor enthusiasts, retirees, or those seeking a remote, rural lifestyle, as it lacks the infrastructure and employment density required by typical commuters or families seeking urban amenities.
Median prices moved down 11.5% year over year.
Homes spend a median of 68 days on market with 6.2 months of supply — a balanced-paced market.
13% 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 16.7% · poverty 32.8% — elevated distress and economic pressure.
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 12.0%/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 11.1%/yr trend — a deterministic estimate, not a published forecast or guarantee.
ZCTA 59035, Big Horn County MT
The area is subject to wildfire risks common to rural Montana, with insurance availability and premiums increasingly influenced by regional hazard exposure.
Economic activity is primarily driven by tourism, outdoor recreation, and local services, with limited large-scale industrial development.
Property taxes are assessed at the county level based on state-mandated appraisal cycles, with rates varying by local school district and special service district levies.
The area is a gateway to outdoor recreation, featuring proximity to the Bighorn Canyon National Recreation Area and extensive opportunities for fishing, boating, and hiking.
The rental market is characterized by low inventory and high seasonal demand, with a significant portion of housing stock utilized for seasonal or recreational purposes.
The local economy is heavily reliant on tourism, federal land management, and agricultural support services.
Transportation is limited to rural highway access; there is no public transit infrastructure.
No major commercial or residential developments are currently reported for this rural ZIP code.
Big Horn County utilizes a mass appraisal system for property tax assessments, updated periodically per Montana Department of Revenue standards.
Parcels are subject to local school district levies and county-wide service district assessments.
Property insurance premiums are rising due to increased wildfire risk and regional climate volatility.
Montana is primarily a non-judicial foreclosure state, allowing for trustee sales under specific statutory timelines.
Montana requires sellers to provide a property disclosure statement, though the scope is limited compared to other states.
Data retrieved from data.census.gov ZCTA5 59035 profile.
Major regional attraction for boating, fishing, and hiking.
Significant infrastructure and recreational site.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.