Location: Rosebud County, MT | Metro: Rosebud County, MT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $910 |
| 1 Bedroom | $970 |
| 2 Bedrooms | $1,190 |
| 3 Bedrooms | $1,650 |
| 4 Bedrooms | $1,990 |
| 5 Bedrooms | $2,308 |
| 6 Bedrooms | $2,585 |
| 7 Bedrooms | $2,792 |
| 8 Bedrooms | $2,932 |
U.S. Census Bureau data (2024)
The ZIP code 59083 presents several challenges for landlords considering Section 8 investments. Tenant turnover is a significant risk, especially when comparing the market rent to the Fair Market Rent (FMR) of $1,190 for FY 2026, which is set for the metro area. Given the lack of specific data on market rent for this area, it's difficult to gauge how competitive the FMR figure is, but if it's below the market rate, landlords might experience higher turnover rates as tenants seek better deals.
Vacancy exposure is another concern. The Days on Market (DOM) for properties in this area is not available, making it hard to predict how long a property might remain vacant between tenants. A longer DOM period can lead to increased financial pressure due to lost rental income.
Deferred maintenance is also a potential issue. With no specific data on typical home values or median incomes in ZIP 59083, it's challenging to assess the ability of residents to maintain their homes properly. This could result in landlords having to cover more repair costs than anticipated, especially if the median income is significantly lower than the cost of living in the area.
However, these risks must be weighed against the fact that the ZIP code has a 0.0% renter share. While this figure seems unusually low, it typically indicates a high concentration of homeowners, which can mean less competition for vouchers. High renter density usually correlates with higher demand for Section 8 vouchers, but the absence of renters suggests a different dynamic. It's possible that the lack of renters means fewer voucher holders in the area, which could reduce the number of potential Section 8 tenants.
Verdict: Moderate risk for a first-time Section 8 landlord. The lack of specific data complicates the risk assessment, but the high renter density indicator is likely misleading and requires further investigation into local housing trends.
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.