ZIP Code 59242 — Homestead CDP, MT Demographics & Data

ZIP code 59242 covers Homestead, MT in Sheridan County with a population of about 61.

At a glance, the area shows median age of 62.1 versus a U.S. median of about 38.9.

It sits in telephone area code 406; U.S. House district MT-2; the MINOT - BISMARCK - DICKINSON media market.

Homestead, MT fits a retirement-oriented profile (older median age or known retirement-community context). Residents and relocators commonly research healthcare access, everyday amenities (dining, personal services), and housing costs rather than tech or campus life.

Median household income in ZIP 59242 is about $84,250 — about 12% above the U.S. median ($75,149).

On socioeconomic markers, US5 shows a poverty rate of 3.3%; unemployment rate near 0.0%; 29.3% of adults with a bachelor’s degree or higher (about 4.4 points below the national share (33.7%)).

Labor and commute patterns include leading industry context around Agriculture, Wholesale trade, and Information; about 9.5% of workers reporting work-from-home (about 5.7 points below the U.S. share (15.2%)); a mean commute of about 19.0 minutes (U.S. average near 26.8).

Median home value is about $122,500 — about 65% below the U.S. median home value ($348,079).

Housing tenure and rents show owner-occupancy near 92.6% (about 27.2 points above the national owner-occupancy rate (65.4%)).

To comfortably buy a median-priced home in ZIP 59242 in Homestead, MT, a household would need roughly $34,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $787. That sits below the local median household income ($84,250), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

FEMA’s National Risk Index rates natural-hazard risk for Homestead CDP, MT as Very Low (composite score 15.1), which is relatively lower than many U.S. communities. The strongest component scores on US5 are wildfire (51.2) and flood (13.3). These scores are county-linked NRI values published for planning context — all ZIP codes in the same county share the same composite score on US5. Useful when comparing insurance and disaster exposure across areas, not a substitute for a parcel-level flood or fire determination.

Climate normals for Homestead CDP, MT show little to no average snow and around 14.1 inches of annual precipitation.

IRS migration statistics show a net inflow of about 3 for ZIP 59242 (Homestead CDP, MT) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.