Location: Wheatland County, MT | Metro: Meagher County, MT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,020 |
| 1 Bedroom | $1,050 |
| 2 Bedrooms | $1,340 |
| 3 Bedrooms | $1,850 |
| 4 Bedrooms | $2,190 |
| 5 Bedrooms | $2,540 |
| 6 Bedrooms | $2,845 |
| 7 Bedrooms | $3,073 |
| 8 Bedrooms | $3,227 |
U.S. Census Bureau data (2024)
The classification of ZIP code 59053 hinges on its unique blend of yield and stability metrics. With a Fair Market Rent (FMR) of $1,330 for the fiscal year 2026, it suggests a relatively strong rental yield compared to the metro average. However, the absence of specific market rent data introduces an element of uncertainty. The median home value stands at $253,956, which provides a solid basis for investment.
On the stability front, 23.3% of residents are renters, indicating a moderate reliance on rental income. The lack of data on days on market (DOM) makes it challenging to assess the speed at which properties can be flipped or rented out. The median household income of $44,038 is a key factor; it suggests that while there is a demand for rental housing, the income levels might limit the potential for high rents.
Given these figures, ZIP 59053 leans towards being a steady-cashflow zone rather than a high-yield/low-stability flip-style market. The FMR is a reliable indicator of rental yield, but without competitive market rent data, it's difficult to ascertain whether this yield is exceptionally high. The median home value, however, is substantial enough to support a long-term investment strategy aimed at generating consistent cash flow. The percentage of renters and the median income suggest a stable tenant pool capable of sustaining regular rental payments, albeit not at premium rates.
To further clarify the investment potential, landlords and small-portfolio investors should focus on securing properties that align with the FMR to ensure they maximize their returns without overpricing themselves out of the market. Additionally, understanding the local job market and economic trends will provide deeper insight into the stability of rental income in this area.
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.