Location: Treasure County, MT | Metro: Big Horn County, MT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,210 |
| 1 Bedroom | $1,240 |
| 2 Bedrooms | $1,580 |
| 3 Bedrooms | $2,190 |
| 4 Bedrooms | $2,600 |
| 5 Bedrooms | $3,016 |
| 6 Bedrooms | $3,378 |
| 7 Bedrooms | $3,648 |
| 8 Bedrooms | $3,830 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 59038, located in Treasure County, MT, reveals several key points for potential Section 8 real-estate investments.
The rent math is favorable. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,560. Given that the market rent is currently not available, the FMR provides a solid benchmark for rental income expectations. Landlords can rely on this figure to ensure their properties meet the necessary criteria for Section 8 tenancy.
Acquisition costs are reasonable. With a median home value of $225,532, purchasing a property in this ZIP code remains within reach for many investors. The lack of specific data on days on market (DOM) and the percentage of homes needing price cuts suggests that the housing market here is stable, without significant overpricing or prolonged sales periods.
Tenant demand is present but limited. The ZIP code has a total population of 750, with 34.8% being renters. This indicates a modest pool of potential tenants, totaling approximately 261 individuals. While the number is not large, it does suggest a viable market for rental properties, especially those eligible for Section 8 subsidies.
Verdict: ZIP 59038 presents a balanced opportunity for Section 8 real-estate investment. The rent math aligns well with the established FMR, making it feasible for landlords to secure rental income. Acquisition costs are manageable, and the stability implied by the lack of negative market indicators supports this. Tenant demand is limited by the small population size but remains sufficient given the high renter share. For investors looking to enter a stable, albeit smaller, market, this ZIP code offers a clear path forward with defined financial parameters.
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.