Location: Petroleum County, MT | Metro: Fergus County, MT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,050 |
| 1 Bedroom | $1,260 |
| 2 Bedrooms | $1,400 |
| 3 Bedrooms | $1,930 |
| 4 Bedrooms | $2,260 |
| 5 Bedrooms | $2,622 |
| 6 Bedrooms | $2,937 |
| 7 Bedrooms | $3,172 |
| 8 Bedrooms | $3,331 |
U.S. Census Bureau data (2024)
ZIP code 59072, located in Roundup, MT within the Petroleum County, MT metro area, presents a unique snapshot when compared against typical metrics for the region. The Fair Market Rent (FMR) for 59072 stands at $1,370 for fiscal year 2026, which is notably higher than the average market rent of $1,254. This indicates that the rental prices in 59072 are slightly above what might be expected based on market conditions alone.
The median home value in 59072 is $233,645, which is likely representative of the broader county's housing costs. However, it's the 15.9% renter share that stands out as an important factor for landlords and small-portfolio investors interested in Section 8 opportunities. A higher percentage of renters relative to homeowners can signify a greater demand for affordable housing options, including those supported by government subsidies.
Inferentially, given the higher FMR and market rent figures, coupled with a significant renter population, ZIP 59072 could be considered a mid-tier neighborhood within its metro. It isn't necessarily a value pocket, where rents might be lower but still attract a substantial number of renters due to affordability programs. Instead, it suggests a balance where rental prices are competitive yet not excessively high, making it appealing for both tenants and landlords.
The divergence between a relatively high renter share and a median home value that aligns with typical county figures hints at potential opportunities for landlords. Specifically, areas with a higher proportion of renters and moderate home values often indicate a sweet spot for Section 8 properties. Landlords can capitalize on the higher FMR while serving a significant portion of the population seeking affordable housing.
To summarize, ZIP code 59072 offers a mix of characteristics that position it as a solid option for those looking to invest in the Section 8 market. The slightly elevated FMR and market rent figures, combined with a notable renter share, suggest a neighborhood well-suited for affordable housing investments without the risks associated with either extremely low-value pockets or premium sub-markets.
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.