Location: Sweet Grass County, MT | Metro: Sweet Grass County, MT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $900 |
| 1 Bedroom | $930 |
| 2 Bedrooms | $1,180 |
| 3 Bedrooms | $1,560 |
| 4 Bedrooms | $1,620 |
| 5 Bedrooms | $1,879 |
| 6 Bedrooms | $2,104 |
| 7 Bedrooms | $2,272 |
| 8 Bedrooms | $2,386 |
U.S. Census Bureau data (2024)
A skeptical investor might question whether the Fair Market Rent (FMR) of $1,170 for fiscal year 2026 will sufficiently cover the mortgage on a typical home in ZIP 59055. Unfortunately, the data does not provide the average home price or typical mortgage payments for this ZIP code, making it challenging to directly compare the FMR against mortgage costs.
The same investor could also be concerned about the renter demand in the area, given that only 52.9% of the population are renters. This figure suggests a moderate level of demand, but it is essential to consider other factors such as vacancy rates, job growth, and demographic shifts that could influence future rental demand.
Another critical point is the ability of housing vouchers to keep pace with the local market rents. While the FMR is set at $1,170, the actual market rents may vary. If the market rents exceed this amount, vouchers may not fully cover the cost, leading to potential financial strain on tenants. However, the exact relationship between market rents and voucher amounts in ZIP 59055 is not specified in the data.
To make informed investment decisions, it's crucial to gather additional information beyond these figures, including local economic conditions, property values, and historical trends in both FMR and market rents. This will provide a clearer picture of the investment landscape in ZIP 59055.
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.