Location: Big Horn County, MT | Metro: Big Horn County, MT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,220 |
| 1 Bedroom | $1,230 |
| 2 Bedrooms | $1,590 |
| 3 Bedrooms | $2,190 |
| 4 Bedrooms | $2,660 |
| 5 Bedrooms | $3,086 |
| 6 Bedrooms | $3,456 |
| 7 Bedrooms | $3,732 |
| 8 Bedrooms | $3,919 |
U.S. Census Bureau data (2024)
24.4% of residents in ZIP code 59050 are renters, indicating a significant demand for rental properties in the area. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,480, which provides a benchmark for rental pricing that aligns with government standards. Landlords should note that the average market rent, as per Census ACS data, stands at $725, suggesting a potential opportunity to increase rents closer to the FMR without alienating tenants. However, the median income in the area is $62,500, which may limit how much tenants can afford to pay. The median home value in ZIP 59050 is $175,699, making it an attractive location for small-portfolio investors looking for affordable entry points into the real estate market. Despite the lack of specific data on days on market (DOM) and the percentage of price-cut shares, the combination of lower median home values and a substantial renter population implies a steady demand for rental units. Given these figures, landlords and small-portfolio investors can expect a balanced market where rental properties are in demand but must be priced reasonably. The absence of data on DOM and price-cut shares indicates less volatility in the local real estate market, potentially offering more stability for long-term investments. In conclusion, for Section 8 investors, ZIP 59050 presents a viable option with a strong tenant base and reasonable property costs, though careful consideration of the local income levels is advised.
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.