Location: Stillwater County, MT | Metro: Stillwater County, MT HUD Metro FMR Area
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 | $1,090 |
| 1 Bedroom | $1,220 |
| 2 Bedrooms | $1,550 |
| 3 Bedrooms | $2,140 |
| 4 Bedrooms | $2,530 |
| 5 Bedrooms | $2,935 |
| 6 Bedrooms | $3,287 |
| 7 Bedrooms | $3,550 |
| 8 Bedrooms | $3,728 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,550 | $502,570 | 0.31% | F |
| 3BR | $2,140 | $664,477 | 0.32% | F |
U.S. Census Bureau data (2024)
The classification of ZIP 59061 (Nye, MT) hinges on analyzing both its yield potential and market stability. On the yield axis, the Fair Market Rent (FMR) for 2024 stands at $1,110, significantly higher than the market rent of $496. This disparity suggests a high-yield opportunity for rental properties, especially if they can be leased at the FMR rate. However, the median home value of $535,495 indicates that capital investment is substantial, which must be weighed against the expected rental income.
Moving to the stability axis, the ZIP code has a relatively low percentage of renters at 18.5%. This figure is indicative of a market where homeownership is more prevalent, potentially affecting the demand for rental properties. Additionally, the average income in the area is $92,031, which supports the high home values but does not directly correlate with rental demand. The lack of data on days on market (DOM) further complicates the assessment of stability, as it would provide insight into how quickly properties can be rented out.
Based on these figures, ZIP 59061 leans towards being a steady-cashflow zone. While the yield potential is strong due to the high FMR compared to market rent, the low percentage of renters and the absence of DOM data suggest that the market lacks the rapid turnover characteristic of high-yield/low-stability flip-style markets. The substantial median home value also points towards a more stable, long-term investment environment rather than a volatile short-term rental market.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.