Location: Rosebud County, MT | Metro: Musselshell County, MT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,020 |
| 1 Bedroom | $1,210 |
| 2 Bedrooms | $1,330 |
| 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)
A skeptical investor analyzing ZIP code 59054 might question whether the Fair Market Rent (FMR) of $1,320 for the fiscal year 2026 will sufficiently cover the mortgage on a property. The data does not provide the exact median home value or typical mortgage costs for this area, which makes it challenging to definitively state if the FMR will cover these expenses. However, an analysis of historical trends in the area could offer some insight into how well past FMRs have covered mortgage payments.
The investor might also be concerned about the level of renter demand in the area, which stands at 9.8%. This percentage indicates the proportion of households that rent rather than own their homes. While 9.8% suggests a moderate demand for rental properties, it is important to consider the broader context of the local housing market. If the number of available rental units is low relative to the demand, this could still represent a viable investment opportunity. Conversely, if there is an oversupply of rental units, the occupancy rate might drop, leading to potential vacancies and financial losses. To accurately assess the demand, one should look at the vacancy rates and the number of renters in comparison to the total number of housing units.
A final concern for investors is whether Housing Choice Vouchers will keep pace with market rents in ZIP 59054. The data does not specify the current voucher amounts or the rate of increase for these subsidies. Therefore, it's difficult to predict if the voucher values will match the rising market rents. Typically, voucher programs adjust their payment standards annually based on changes in FMRs. Investors should monitor local HUD announcements and changes in FMRs to anticipate future adjustments in voucher amounts.
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.