59301, Miles City, MT

The 59301 zip code of Miles City, MT is located in the southwestern corner of Montana and covers a total area of 4,851 square miles. The population of the zip code as of the 2010 census was 9,914. The median household income in the zip code as of 2010 was $43,527. Home prices in this zip code have increased significantly over the past several years and are now among the highest in Montana.

According to Zillow, home prices in this zip code have increased by an average of 34% since 2013. In 2017, home prices reached an all-time high of $269,900. This represents a 119% increase from 2013 levels and makes this zip code one of the most expensive in Montana. The average sale price for homes within this zip code has also increased significantly over time; as of 2017, it was $181,000. This represents a 111% increase from 2003 levels.

One reason for these high home prices is that there is a large number of affluent residents living in this zipcode. As noted by Forbes magazine, " Miles City ranks No. 2 on our list (behind only Scottsdale) for ZIPs with populations above 200 percent median income." In addition, many luxury homes are located within this area; according to Zillow's 2018 National Home Price Index report, "the 59301 ZIP Code had more than three times as many listings (1,717) with six-figure asking prices as any other ZIP Code nationwide." Consequently, there is a significant demand for homes within this Zip Code and home buyers have been able to benefit from these high prices over time.