Location: Park County, MT | Metro: Bozeman, MT MSA
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,340 |
| 1 Bedroom | $1,480 |
| 2 Bedrooms | $1,940 |
| 3 Bedrooms | $2,700 |
| 4 Bedrooms | $3,190 |
| 5 Bedrooms | $3,700 |
| 6 Bedrooms | $4,144 |
| 7 Bedrooms | $4,476 |
| 8 Bedrooms | $4,700 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,940 | $564,547 | 0.34% | F |
| 3BR | $2,700 | $921,650 | 0.29% | F |
U.S. Census Bureau data (2024)
The ZIP code 59086, located within the Park County, MT metro, exhibits several distinct characteristics when compared against the broader county metrics. Its Fair Market Rent (FMR) stands at $1,880 for the fiscal year 2026, which is notably higher than the average market rent of $968. This indicates that the ZIP code is positioned as a premium sub-market within the larger Park County metro area, given the higher rental costs.
The median home value in ZIP 59086 is $757,147, suggesting a relatively affluent community. However, despite the high home values, the ZIP code has a significant 25.9% renter share, which is above the typical range for such a high-value area. This divergence points to an interesting dynamic where a substantial portion of residents prefer renting over owning, possibly due to the ZIP's location or lifestyle preferences.
The market rent being lower than the FMR ($968 vs. $1,880) could suggest that there is a segment of the market catering to lower-income renters, potentially including those eligible for Section 8 housing assistance. This combination of high home values and a significant renter share could indicate that ZIP 59086 is a strategic location for landlords looking to attract Section 8 tenants, as it offers a balance between premium living conditions and accessible rental rates.
To further understand if 59086 represents a value pocket, mid-tier neighborhood, or a premium sub-market, it would be beneficial to compare these figures with other ZIP codes in the same metro area. However, based on the provided data, it can be inferred that 59086 leans towards a premium sub-market with a notable presence of renters, making it a favorable area for landlords seeking to participate in the Section 8 program.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.