Location: Sheridan County, MT | Metro: Sheridan County, MT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $920 |
| 1 Bedroom | $920 |
| 2 Bedrooms | $1,210 |
| 3 Bedrooms | $1,680 |
| 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)
Sheridan County, MT's ZIP 59211 can serve as a cash-flow anchor within a Section 8 portfolio strategy. This classification is based on the fact that the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,210. Given that the market data for median home values and median incomes are currently unavailable, we must rely on the FMR figure to guide our analysis.
The FMR is a critical benchmark used by the U.S. Department of Housing and Urban Development (HUD) to determine payment standards for rental housing assistance under the Section 8 program. In ZIP 59211, the FMR of $1,210 provides a stable income stream for landlords participating in the Section 8 program. This stability is particularly valuable in an uncertain economic environment, where other investments might fluctuate more widely.
While the lack of specific market data complicates a full assessment, the FMR serves as a reliable minimum rent amount that can be expected. For landlords, this means a predictable cash flow that is less susceptible to market volatility. The consistent rental income helps to anchor the overall financial performance of a Section 8 portfolio, ensuring steady returns even when other segments of the real estate market experience downturns.
The renter share in ZIP 59211 stands at 26.3%, indicating a moderate demand for rental properties. However, this metric alone does not suggest strong appreciation potential or a high risk-reward profile typical of a diversifier. Without concrete data on median home values or median incomes, the focus should remain on the guaranteed cash flow provided by the Section 8 program, which is anchored by the FMR of $1,210.
In conclusion, ZIP 59211 is best suited as a cash-flow anchor within a Section 8 portfolio strategy. Its reliance on the HUD-set FMR ensures a steady, predictable income stream that can provide stability to the landlord's investment portfolio. This approach is particularly beneficial for small-portfolio investors who seek consistent returns rather than speculative gains.
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.