Section 8 Fair Market Rent (FMR) for ZIP 59003 - 2027
Location: Rosebud County, MT | Metro: Powder River County, MT
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $830 |
| 1 Bedroom | $900 |
| 2 Bedrooms | $1,090 |
| 3 Bedrooms | $1,510 |
| 4 Bedrooms | $1,820 |
| 5 Bedrooms | $2,111 |
| 6 Bedrooms | $2,364 |
| 7 Bedrooms | $2,553 |
| 8 Bedrooms | $2,681 |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$44,833
When considering whether to invest in ZIP code 59003 for Section 8 properties, follow this decision tree:
- Does FMR $1,070 (metro FY 2026) clear debt service on a N/A property?
- If yes: The Fair Market Rent (FMR) of $1,070 is sufficient to cover the debt service of any property in this area. This means that landlords can expect to receive rental income that meets their financial obligations.
- If no: The FMR does not cover the debt service, indicating that Section 8 properties in this ZIP code may not be financially viable. Landlords should seek areas where the FMR is higher relative to their debt service requirements.
- Is market rent $619 (Census ACS) above, at, or below FMR?
- If above: The market rent exceeds the FMR, which could suggest that landlords might find it difficult to attract Section 8 tenants who are limited to the FMR amount. This would reduce the potential tenant pool.
- If at or below: The market rent aligns with or is lower than the FMR, making it easier to secure Section 8 tenants. Landlords will not need to adjust their rental rates significantly to accommodate these tenants.
- Are 61.5% renters + N/A-day DOM enough demand?
- If yes: With 61.5% of the population being renters, there is a strong demand for rental housing. Additionally, if the days on market (DOM) is low, this indicates that properties are quickly rented out, suggesting a robust rental market.
- If no: If the DOM is high, despite the 61.5% of renters, this could indicate that there is an oversupply of rental units or other factors making it difficult to rent out properties quickly. High DOM could also mean that the market is saturated, leading to reduced demand for Section 8 properties.
The decision to buy in ZIP 59003 for Section 8 purposes hinges on these factors. If the FMR clears debt service and market rents are at or below the FMR, coupled with a low DOM, then the answer is yes. Otherwise, it depends on how these variables balance out, or the answer could be no.
Data Sources: FMR data from HUD (2027). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.