Section 8 Fair Market Rent (FMR) for ZIP 59066 - 2027

Location: Big Horn County, MT | Metro: Big Horn County, MT

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$880
1 Bedroom	$970
2 Bedrooms	$1,230
3 Bedrooms	$1,700
4 Bedrooms	$1,940
5 Bedrooms	$2,250
6 Bedrooms	$2,520
7 Bedrooms	$2,722
8 Bedrooms	$2,858

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

539

Median Household Income

$52,000

Housing Units

177

Renter Percentage

23.9%

Occupancy Rate

80.2%

Renter Occupied

ZIP code 59066 is located in the heart of rural Montana, offering a tranquil setting with access to natural landscapes and outdoor activities. The area is characterized by its low population density and a strong sense of community, making it an attractive location for those seeking a quieter lifestyle.

The Fair Market Rent (FMR) for ZIP 59066 in the fiscal year 2026 is set at $1,220, providing a benchmark for rental pricing in the region.
Market rent data is currently unavailable, which suggests that the area may not have a large enough sample size for reliable statistical analysis.
The median home value in the area is also not available, indicating that there might be limited data on residential property sales.
Renters make up 23.9% of the local housing market, suggesting a moderate demand for rental properties.
The median income for residents in ZIP 59066 is $52,000, reflecting a middle-income demographic that could support a range of rental options.

In summary, while specific market rent and median home value data are lacking, the Fair Market Rent and median income provide a solid foundation for investment decisions. With a significant portion of the population renting, there is a clear demand for quality rental properties. However, the limited availability of detailed real estate data highlights the need for thorough due diligence when considering investments 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.