US > Montana > Sheridan County > Homestead, MT 59242

59242 ZIP Code Profile, Map, Data & Demographics

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Homestead, MT
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ZIP Code 59242: Basic Data & USPS Preferred City Name

Preferred Name, USPS
Homestead, MT 59242

  • ZIP Code Type: STANDARD
  • County: Sheridan County
  • Centroid: Latitude 48.44, Longitude -104.598
  • Time Zone: Mountain Time Zone (UTC -7 hours)
  • Observes DST: Yes

ZIP Code 59242 has segments in 2 Counties (Roosevelt, Sheridan).

  • Businesses Addresses: 0
  • PO Box Addresses: 0
  • Residential Addresses: 45
    • Multi-Family Addresses: 0
    • Single Family Addresses: 45

The ZIP Code maps and database are updated 4 times per year.
Database updated: June 1, 2024, Maps updated: May 1, 2024.

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Homestead, MT 59242 Data & Demographics (As of July 1, 2024)

POPULATION

Total Population 62 (100%)
Population in Households 62 (100.0%)
Population in Families 48 (77.4%)
Population in Group Quarters1 0
Population Density 2
Diversity Index2 35
 
 

INCOME

Median Household Income $46,667
Average Household Income $102,439
% of Income for Mortgage4 0%
Per Capita Income $49,567
Wealth Index5 126
Socioeconomic Status Index6 Moderate (61.5)
 

HOUSING

Total HU (Housing Units) 39 (100%)
Owner Occupied HU 23 (59.0%)
Renter Occupied HU 7 (17.9%)
Vacant Housing Units 9 (23.1%)
Median Home Value $95,000
Average Home Value $145,652
Housing Affordability Index3 0
 

HOUSEHOLDS

Total Households 30
Average Household Size 2.07
Family Households 18
Average Family Size 3.00
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.
  6. The Socioeconomic Index ranges from zero (lowest relative status) to 100 (highest relative status). This measure quantifies disparities in social position of an area's inhabitants and is built from a broad range of demographic, housing, and socioeconomic inputs. More information on this measure can be found in Esri's SEI tutorial.

GROWTH RATE / YEAR

 2020-2024 2024-2029
Population -0.38% 0.95%
Households 0.00% 0.66%
Families   1.09%
Median Household Income   11.64%
Per Capita Income   2.90%
Owner Occupied HU   -1.80%

Homestead, MT 59242 - Peer Comparisons by Rank and Percentile

The table below compares 59242 to the other 370 ZIP Codes in Montana by rank and percentile using July 1, 2024 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 341 8th
Population Density # 215 41st
Median Household Income # 335 10th
Housing Affordability Index # 8 2nd
Per Capita Income # 38 90th
Diversity Index # 58 85th

Additional comparisons and rankings can be made with a VERY EASY TO USE Montana Census Data Comparison Tool.


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