Location: Treasure County, MT | Metro: Big Horn County, MT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,120 |
| 1 Bedroom | $1,140 |
| 2 Bedrooms | $1,470 |
| 3 Bedrooms | $2,030 |
| 4 Bedrooms | $2,420 |
| 5 Bedrooms | $2,807 |
| 6 Bedrooms | $3,144 |
| 7 Bedrooms | $3,396 |
| 8 Bedrooms | $3,566 |
U.S. Census Bureau data (2024)
The ZIP code 59010 presents an interesting case study for real estate investment, particularly within the context of Section 8 housing. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is $1,460. This figure is critical for understanding the potential rental income, given that it represents the upper limit for what the government will subsidize per unit. However, the lack of specific market rent and home value data for this ZIP code means we must rely heavily on the FMR to gauge yield.
Moving to stability indicators, the percentage of renters at 2.2% suggests a low demand for rentals relative to homeownership, which can impact the speed and ease of filling vacancies. Additionally, the median household income of $73,250 provides insight into the economic health of the area, indicating that residents have the financial capability to meet their living expenses, including rent. Despite this, the absence of data regarding the number of days on the market (DOM) leaves a gap in assessing how quickly properties can be leased, which is a key component of stability.
Given the available data, 59010 leans towards a steady-cashflow zone rather than a high-yield/low-stability flip-style market. The reliance on government-subsidized rents at $1,460 implies a more stable but potentially lower yielding investment. With a median income of $73,250, tenants are likely to be financially secure, reducing the risk of non-payment and increasing the likelihood of long-term leases, which contribute to stability. The low percentage of renters, however, might present challenges in finding tenants, especially if there's a limited pool of eligible Section 8 participants.
To make a definitive classification, further investigation into the local rental market dynamics, such as the actual market rent rates and the average DOM for rental units, would be necessary. These factors would help clarify whether the investment is truly a steady-cashflow opportunity or if it carries more risk due to difficulties in leasing out properties quickly.
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.