Location: Petroleum County, MT | Metro: Petroleum County, MT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,180 |
| 1 Bedroom | $1,220 |
| 2 Bedrooms | $1,550 |
| 3 Bedrooms | $2,150 |
| 4 Bedrooms | $2,550 |
| 5 Bedrooms | $2,958 |
| 6 Bedrooms | $3,313 |
| 7 Bedrooms | $3,578 |
| 8 Bedrooms | $3,757 |
The ZIP code 59084 in Unknown, MT, presents a unique challenge due to the lack of specific population and rental statistics. However, we can still analyze the potential for Section 8 tenants based on the available information.
With the median household income unspecified, it's difficult to provide a precise percentage of how much of the local income is typically spent on rent. Nonetheless, the Fair Market Rent (FMR) for the metro area, set at $1,550 for FY 2026, gives us a benchmark to work with.
The FMR represents the maximum amount that HUD will pay for housing assistance through the Section 8 program. This figure suggests that properties renting below this rate are more likely to attract Section 8 tenants. Landlords in ZIP 59084 should aim to keep their rents competitive with this FMR to ensure a steady flow of qualified applicants.
Given the absence of detailed demographic data, landlords must be prepared for a diverse range of tenant profiles. They should anticipate tenants who rely heavily on government assistance for housing, which means being ready to navigate the administrative requirements of the Section 8 program.
To succeed in this market, landlords need to understand the local rental dynamics and possibly gather more granular data through local real estate associations or rental listings. Without exact percentages, it's reasonable to assume that the area has a significant number of renters, given the general trend towards renting in smaller, less densely populated areas.
In conclusion, while the specific details about the rental market in ZIP 59084 are not available, landlords can expect a tenant pool that includes those using Section 8 vouchers, particularly if they price their rentals below the FMR of $1,550. The key to attracting these tenants will be maintaining competitive pricing and being well-informed about the local rental environment.
Data Sources: FMR data from HUD (2027).
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.