How much is a home worth in ZIP code 59404?

The typical home in 59404 is worth $390,291, based on the Zillow Home Value Index.

Are home values rising in 59404?

Home values in 59404 are up 4.2% over the past year, and up 8.5% a year over five years.

What is the typical rent in 59404?

A typical home in 59404 rents for about $1,774 a month, a gross rental yield of 5.5%.

What is the property tax rate in 59404?

The effective property tax rate in 59404 is 0.8% — roughly $3,123 a year on a typical home.

ZIP code 59404 has a population of 28,822 and a median household income of $83,867.

HousingHandbookReference data

…

U.S. ZIP Code · MT59404

Cascade County · Great Falls, MT

Typical home value

$390,291^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +4.2%
5-year / yr: +8.5%
10-year / yr: +7.0%

Relative price

vs U.S.: +37.4%
vs metro: +5.7%
vs state: -7.0%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 59404 is worth $390,291 — 5.7% above the Great Falls, MT median. Over the past year, values have risen 4.2%. Homes here rent for a typical $1,774 a month — a 5.5% gross rental yield. The effective property tax rate is 0.8%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $1,774^[2]
Gross yield: 5.5%^[2]
Cap rate: 3.3%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 0.8%^[3]
Typical annual tax: $3,123^[3]

#Climate risk

FEMA National Risk Index ratings for Cascade County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively Moderate^[4]
Riverine flood: Relatively Moderate
Coastal flood: Not Applicable
Wildfire: Relatively Low
Drought: Relatively Low
Heat wave: Relatively Low
Hurricane: Not Applicable
Tornado: Very Low
Earthquake: Relatively Low
Winter weather: Very High

#Who lives here

Population: 28,822^[3]
Median household income: $83,867^[3]

#Migration

Household moves in and out of Cascade County over a year, from IRS tax-return data.

Net migration: +1^[5]
Moved in: 2,509
Moved out: 2,508

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 7
Elementary: 5
Middle: 1
High: 1

C M Russell High School
High · Grades 9–12 · Great Falls H S
1,452 students
North Middle School
Middle · Grades 7–8 · Great Falls Elem
720 students
Meadow Lark School
Elementary · Grades PK–6 · Great Falls Elem
531 students
West Elementary
Elementary · Grades PK–6 · Great Falls Elem
463 students
Riverview School
Elementary · Grades PK–6 · Great Falls Elem
449 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield5.5%

Net yield (after ~40% expenses)3.3%

Annual rent$21,286

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$1,974

Loan principal$312,233

Down payment$78,058

Total interest paid$398,236

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio1.44

Monthly cost to own$2,559

Monthly rent$1,774

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 14th percentile^[1]
Rental yield: 100th percentile^[2]
Property tax: 69th percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

2nd for highest rental yield in MTView list →

Frequently asked

How much is a home worth in ZIP code 59404?: The typical home in 59404 is worth $390,291, based on the Zillow Home Value Index.
Are home values rising in 59404?: Home values in 59404 are up 4.2% over the past year, and up 8.5% a year over five years.
What is the typical rent in 59404?: A typical home in 59404 rents for about $1,774 a month, a gross rental yield of 5.5%.
What is the property tax rate in 59404?: The effective property tax rate in 59404 is 0.8% — roughly $3,123 a year on a typical home.
Who lives in 59404?: ZIP code 59404 has a population of 28,822 and a median household income of $83,867.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

59412 vs 59404 →
Riceville CDP, MT
Typical home
$398,309
Gross yield
—
59421 vs 59404 →
Hardy CDP, MT
Typical home
$399,516
Gross yield
—
59487
Vaughn CDP, MT
Typical home
$369,401
Gross yield
—
59477
Simms CDP, MT
Typical home
$369,149
Gross yield
—
59480
Stockett CDP, MT
Typical home
$346,817
Gross yield
—
59483
Sun River CDP, MT
Typical home
$443,318
Gross yield
—

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#Jump to section

U.S. ZIP Code · MT59404

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