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Sarah Mitchell
Compass Real Estate · ZIP 59601
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59601 ZIP Code Housing Market
$420,000median sale price
What is the 59601 housing market like right now?
The median home sale price in ZIP code 59601 is $420,000, down 4.5% year-over-year. Homes sell in an average of 52 days with 122 active listings. The market is currently a leaning buyer's. (Source: Redfin monthly MLS data, as of March 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is the 59601 ZIP code a buyer's or seller's market?
ZIP code 59601 is currently a leaning buyer's and homes selling in about 52 days. How we determine this →
What are the latest 59601 housing market stats?
| Metric | Value |
|---|---|
| Median sale price | $420,000 |
| Median list price | $490,000 |
| Year-over-year price change | -4.5% |
| Average days on market | 52 days |
| Active inventory | 122 listings |
| Market condition | Leaning buyer's |
Source: Redfin · Updated monthly
The 59601 zip code, located in Rimini, MT, is currently classified as a leaning buyer's. The median sale price stands at $420,000, representing a -4.5% change year over year. Homes in this area spend an average of 52 days on the market before going under contract. There are currently 122 active listings in the area, which influences how much negotiating power buyers and sellers have.
ZIP 59601 sits in the Rimini, MT area, roughly 3.6 miles from downtown Rimini. Because home prices are set street by street, this ZIP can move differently from Rimini's citywide averages. The figures below reflect 59601 specifically — drawn from Redfin transactions, U.S. Census data for its 31,728 residents, and Zillow value estimates.
Homes sold
102
Last 12 weeks
Days on market
52
Average pace
Active listings
122
Sale-to-list
—
Below asking
What is driving the 59601 housing market?
The 59601 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a leaning buyer's, market dynamics influence how quickly homes sell and at what price relative to their listing.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 59601 have declined -4.5% compared to last year, which may present opportunities for buyers looking to enter the market at a lower price point. For context, it's valuable to compare this trend against neighboring zip codes and the broader metro area to determine whether this performance is localized or part of a regional pattern.
The Zillow Home Value Index (ZHVI) for 59601 stands at $444,067, which represents Zillow's estimate of the typical home value in the area. The Zillow Observed Rent Index (ZORI) indicates typical rents of $1,498 per month. This gives a price-to-rent ratio of approximately 24.7, which indicates that renting may be more cost-effective than buying in the short term, though long-term appreciation could shift that calculus. Use our mortgage calculator to estimate monthly payments based on current home values and interest rates.
Who lives in 59601?
Population
31,728
Median income
$72,290/yr
Median age
41.6 years
Owner-occupied
55.8%
College grads
51.0%
Avg commute
12.25 min
What is it like living in 59601?
Zip code 59601 is home to approximately 31,728 residents. The median household income is $72,290 per year, which shapes the types of homes and amenities available in the area. With a median age of 41.6 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 55.8% of housing units are owner-occupied, showing a healthy mix of homeowners and renters that contributes to a diverse community.
About 51.0% of residents hold a bachelor's degree or higher, which often correlates with access to knowledge-economy jobs and higher earning potential in the area. The average commute time is 12.25 minutes, which is shorter than the national average and suggests good proximity to employment centers. These demographic factors, combined with the market data above, help paint a complete picture of what it's like to live and own property in 59601.
Which public schools serve ZIP 59601?
12 schools tracked · 6,464 students
The largest public schools serving ZIP code 59601 by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Capital High School
Grades 9-12 · 1,367 students
Helena High School
Grades 9-12 · 1,087 students
C R Anderson Middle Schl
Grades 6-8 · 1,016 students
Helena Middle School
Grades 6-8 · 671 students
Four Georgians School
Grades PK-5 · 459 students
Bryant School
Grades PK-5 · 336 students
Smith School
Grades PK-5 · 292 students
Central School
Grades PK-5 · 284 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Frequently asked questions about 59601
What is the median home price in 59601?
The current median sale price in 59601 is $420,000, based on recent Redfin transaction data. Prices have changed -4.5% compared to last year. For the most up-to-date pricing and to see how this compares to nearby areas, use our comparison tool.
Is 59601 a buyer's or seller's market?
The 59601 zip code is currently classified as a leaning buyer's. This assessment is based on key indicators including months of supply, sale-to-list price ratios, and average days on market.
What is the population of zip code 59601?
Zip code 59601 has a population of approximately 31,728 residents. The median household income is $72,290 per year. About 55.8% of homes are owner-occupied. This data is sourced from the U.S. Census Bureau and is updated annually.
How do I research neighborhoods in 59601?
Properties Incorporated provides comprehensive data for 59601 including median home prices, price history charts, days on market, active inventory, and Census Bureau demographics. To compare this area with other zip codes or cities, use our comparison tool. For mortgage planning, our mortgage calculator estimates monthly payments based on current prices and interest rates.
How often is the data for 59601 updated?
Market data on Properties Incorporated is updated regularly as new information becomes available. Redfin sales data is typically refreshed monthly, Zillow home value and rent estimates update monthly, and Census Bureau demographics are updated annually.
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