The story of this market
The typical home in ZIP 59323 sells for about $193,700, or $115 per square foot.
Prices are up +2.5% from a year ago, so sellers still have some momentum. Homes take about 88 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $659 a month.
ZIP 59323 — Colstrip
The housing market in 59323 remains stable with low inventory and consistent demand driven by the local energy sector. Prices have seen modest year-over-year growth, reflecting the limited supply and the specialized nature of the local economy.
This ZIP is best suited for families and workers employed in the local energy sector who prioritize a quiet, small-town lifestyle and high homeownership stability over urban amenities.
Median prices moved up 2.5% year over year.
Homes spend a median of 88 days on market with 4.2 months of supply — a balanced-paced market.
15% 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 8.2% · poverty 9.4% — 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 3.3%/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 3.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 59323, Rosebud County MT
Colstrip generally experiences low crime rates consistent with small, rural Montana communities, with property and violent crime incidents remaining well below national averages.
The Colstrip Public Schools district serves the area, generally characterized by small class sizes and a strong community focus, though academic performance metrics vary by school level.
The area faces moderate wildfire risk common to eastern Montana, and property insurance markets are stable but sensitive to regional climate-related loss trends.
The local economy is heavily anchored by the energy sector, specifically coal mining and power generation, which drives the primary employment base and infrastructure needs.
Property taxes in Colstrip are assessed at the county level by Rosebud County, utilizing a mill levy system applied to the taxable value of residential property as determined by the Montana Department of Revenue.
Commuting is primarily car-dependent, with most residents working within the immediate Colstrip area or commuting to nearby industrial sites; there is no public transit infrastructure.
Local amenities include the Colstrip Park and Recreation facilities, which offer sports fields and community spaces, alongside access to regional outdoor activities like hunting and fishing.
The rental market is limited in depth due to the high rate of homeownership, with most rental inventory serving the transient workforce associated with local energy operations.
The economy is dominated by the energy industry, specifically coal mining and power generation, which serves as the primary economic engine for the region.
Transportation is entirely reliant on private vehicles, with highway access connecting the area to broader regional routes in eastern Montana.
Development is currently focused on maintaining existing infrastructure related to the energy sector and supporting local residential needs.
Rosebud County Central Appraisal District manages assessments, following state-mandated cycles for property valuation.
Parcels are subject to local school district levies and county-wide service districts for fire and emergency management.
Property insurance premiums are influenced by regional wildfire risk and the rural nature of the geography.
Data retrieved from Census Bureau ZCTA-level tables.
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.
Provides community sports facilities and green space.
Local recreational facility serving the community.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.