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)
The ZIP code 59219, which encompasses parts of Sheridan County, MT, offers unique opportunities for inclusion in a Section 8 portfolio strategy. This area is best suited as a diversifier due to its relatively low median home value and high renter share.
Specifically, the median home value in ZIP 59219 is $114,600, according to NeighborhoodScout. This figure is notably lower than the average across the nation and even when compared to nearby ZIP codes. Additionally, the median household income stands at $108,750, indicating a strong financial base among residents despite the lower home values.
A key factor in positioning 59219 as a diversifier is its significant renter share. With 11.8% of households being renters, this ZIP code can provide a stable rental income stream that complements other investments in the portfolio. The Federal Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,210, which aligns well with the potential rental rates in this area.
While there isn't specific data on price-cut shares or days on market (DOM), the lower median home value suggests that property appreciation might be slower here compared to more urban areas. However, the steady income from rentals and the manageable property costs make it an attractive addition to a diversified real estate portfolio.
To summarize, ZIP 59219 is most effectively used as a diversifier within a Section 8 portfolio strategy. Its combination of affordable home values and a substantial renter share provides a balanced investment opportunity that can help stabilize overall returns and manage risk.
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.