Location: Rosebud County, MT | Metro: Powder River County, MT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $840 |
| 1 Bedroom | $900 |
| 2 Bedrooms | $1,100 |
| 3 Bedrooms | $1,490 |
| 4 Bedrooms | $1,820 |
| 5 Bedrooms | $2,111 |
| 6 Bedrooms | $2,364 |
| 7 Bedrooms | $2,553 |
| 8 Bedrooms | $2,681 |
U.S. Census Bureau data (2024)
The ZIP code 59062 presents an interesting scenario for real estate investment, particularly for those interested in Section 8 properties. With a Fair Market Rent (FMR) of $1,090 for the fiscal year 2026, it's evident that this area offers a competitive rental yield when compared to the non-existent market rates and home values provided. The FMR figure is a strong indicator of the potential cash flow landlords can expect from Section 8 tenants.
However, the stability of the market is a different story. Only 13.6% of residents are renters, which suggests a limited demand for rental properties. This percentage is quite low, indicating that most people in this area prefer homeownership. Additionally, the median household income stands at $28,750. While this figure does not directly correlate to the stability of rental income, it does imply that there might be fewer potential market-rate renters who could afford higher rents outside of the Section 8 program.
The lack of data on days on market (DOM) makes it difficult to assess how quickly properties can be leased. However, given the low percentage of renters and the reliance on Section 8 for rental yields, it's reasonable to conclude that this market leans towards being a steady-cashflow zone. The high FMR ensures consistent income from Section 8 tenants, but the low renter population and modest household income suggest that rapid appreciation or flipping properties for quick gains is unlikely. Investors should focus on long-term, stable returns rather than short-term capital gains.
To summarize, ZIP 59062 is best suited for landlords looking for a reliable source of income through Section 8 tenancy, rather than those seeking to capitalize on high market volatility or rapid property appreciation. The specific figures driving this conclusion are the FMR of $1,090, which provides a clear benchmark for rental income, and the 13.6% renter rate, which indicates a less dynamic market environment.
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.