Location: Big Horn County, MT | Metro: Big Horn County, MT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,050 |
| 1 Bedroom | $1,060 |
| 2 Bedrooms | $1,370 |
| 3 Bedrooms | $1,890 |
| 4 Bedrooms | $2,290 |
| 5 Bedrooms | $2,656 |
| 6 Bedrooms | $2,975 |
| 7 Bedrooms | $3,213 |
| 8 Bedrooms | $3,374 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 59075, located in Big Horn County, Montana, reveals several key points for landlords and small-portfolio investors.
The first question concerns the viability of rental income. The Fair Market Rent (FMR) for the metro area for fiscal year 2026 is set at $1,340. However, the market rent is listed as N/A, which means that without accurate market rent data, it's impossible to definitively conclude whether the rent math works. Landlords should seek local real estate agents or online resources for current market rent figures to make an informed decision.
Regarding the affordability of property acquisition, the median home value is listed as N/A, which suggests that there is limited data available on the typical cost of homes in this area. Additionally, the average days on market (DOM) and the percentage of homes that have had their prices cut are also not provided. These missing details make it challenging to assess the ease of acquiring properties at a reasonable price. Investors should consult local real estate listings and recent sales data to understand the dynamics of the housing market in ZIP 59075.
Tenant demand is another critical factor. The total population of ZIP 59075 is 125, with a renter share of 13.2%. This indicates that only about 16 residents are likely to be seeking rental accommodation. Given the small number of potential tenants, landlords must carefully evaluate the demand before investing in rental properties. It's essential to consider the reasons why people might rent in this area and the competition from other landlords.
In summary, while the Fair Market Rent provides a benchmark of $1,340 for the metro area, the lack of specific market rent data, median home values, and other acquisition indicators makes it difficult to give a clear recommendation. The limited tenant demand, with only around 16 potential renters, further complicates the investment case. Landlords and investors should conduct thorough research into local real estate conditions and tenant needs before proceeding with any investments in ZIP 59075.
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.