Location: Big Horn County, MT | Metro: Big Horn County, MT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $880 |
| 1 Bedroom | $900 |
| 2 Bedrooms | $1,180 |
| 3 Bedrooms | $1,560 |
| 4 Bedrooms | $1,910 |
| 5 Bedrooms | $2,216 |
| 6 Bedrooms | $2,482 |
| 7 Bedrooms | $2,681 |
| 8 Bedrooms | $2,815 |
U.S. Census Bureau data (2024)
The median income in ZIP 59035 is $51,726, which aligns well with the eligibility criteria for Section 8 tenants. With a 6.3% renter share, there is a notable presence of individuals who might qualify for the Section 8 program. This makes it feasible to attract tenants who are looking for affordable housing options.
While the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,140, the market data and median home values are not provided. However, the median home value in nearby ZIP codes is around $176,200, indicating that this area may offer relatively lower property costs compared to other regions, making it attractive for small-portfolio investors seeking to balance risk and reward.
ZIP 59035 is not a cash-flow anchor due to the lack of specific market data that would indicate a strong demand for rental properties at the FMR level. Additionally, it does not appear to be an appreciation play because there is no information on price-cut shares or days on market (DOM), which are key indicators of potential growth in property values.
Incorporating ZIP 59035 into a Section 8 portfolio can help investors spread their risks across different geographic areas and income levels. The lower median home value suggests that properties here might be more affordable to acquire, while the median income figure supports the likelihood of finding eligible Section 8 tenants. This combination allows for a diversified approach, balancing the need for stable cash flow with the potential for long-term appreciation.
To summarize, ZIP 59035 should be considered as a diversifier in a Section 8 portfolio strategy, given its median income of $51,726 and a 6.3% renter share. This area provides an opportunity to invest in a market where the cost of acquiring properties is likely lower, and the presence of potential Section 8 tenants is significant.
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.