Location: Park County, MT | Metro: Park County, MT
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,160 |
| 1 Bedroom | $1,420 |
| 2 Bedrooms | $1,660 |
| 3 Bedrooms | $2,280 |
| 4 Bedrooms | $2,770 |
| 5 Bedrooms | $3,213 |
| 6 Bedrooms | $3,599 |
| 7 Bedrooms | $3,887 |
| 8 Bedrooms | $4,081 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,420 | $408,515 | 0.35% | F |
| 2BR | $1,660 | $420,611 | 0.39% | F |
| 3BR | $2,280 | $590,155 | 0.39% | F |
| 4BR | $2,770 | $697,301 | 0.4% | F |
| 5BR | $3,213 | $882,581 | 0.36% | F |
U.S. Census Bureau data (2024)
The ZIP code 59047, located in Livingston, MT within the Park County, MT metro area, has several notable characteristics when compared to typical ZIP codes in the same county. The Fair Market Rent (FMR) for 59047 is set at $1,650 for fiscal year 2026, which aligns closely with the median market rent of $1,600. This suggests that the rental prices in 59047 are fairly representative of the broader metro area.
The median home value in 59047 stands at $550,540, a figure that might be considered above average for many areas within Park County. However, without comparative data for other ZIP codes in the county, it's challenging to definitively classify 59047 as a premium sub-market or a mid-tier neighborhood based solely on this metric. It could indicate a higher-end segment if the surrounding areas have significantly lower home values.
A key differentiator is the 31.9% renter share in 59047. This percentage is noteworthy as it signals a significant portion of the population relies on renting, which can be indicative of a value pocket for landlords and small-portfolio investors. High renter shares often mean a steady demand for rental properties, particularly if the home values are relatively lower compared to other areas within the same county.
In summary, ZIP code 59047 presents itself as a potential value pocket within the Park County, MT metro due to its high renter share combined with rental prices that mirror the metro average. While the home value of $550,540 is substantial, it may still represent an attractive investment opportunity for those looking to capitalize on the robust rental market.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.