Location: Sheridan County, MT | Metro: Roosevelt County, MT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $830 |
| 1 Bedroom | $850 |
| 2 Bedrooms | $1,100 |
| 3 Bedrooms | $1,520 |
| 4 Bedrooms | $1,790 |
| 5 Bedrooms | $2,076 |
| 6 Bedrooms | $2,325 |
| 7 Bedrooms | $2,511 |
| 8 Bedrooms | $2,637 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 59226 reveals a market that leans towards being a high-yield but relatively stable environment for landlords and small-portfolio investors. This classification is driven by specific figures related to the Fair Market Rent (FMR), median home values, and renter demographics.
Firstly, the yield aspect is significantly favorable. The FMR for the metro area in fiscal year 2026 is set at $1,220, which is notably higher than the market rate of $575. This discrepancy indicates a strong potential for rental income, especially if the properties can be rented at or near the FMR. Since the home value is listed as N/A, it suggests that there might not be a significant number of owner-occupied homes, further supporting the idea of focusing on rental properties in this area.
Moving on to stability, the metrics paint a picture of a moderately stable market. With 14.1% of residents identified as renters, the rental market is a substantial part of the housing landscape, though not overwhelmingly dominant. The lack of data on days on market (DOM) makes it challenging to assess the speed at which rental units turn over, but the average income of $66,190 provides assurance regarding the financial stability of the tenant base. This income level suggests that tenants have the capacity to meet their rental obligations consistently, contributing to a steady cash flow for landlords.
To summarize, ZIP 59226 is best classified as a high-yield and moderately stable market. The key figures driving this assessment are the $1,220 FMR compared to the $575 market rate, indicating a good opportunity for above-average rental yields. Additionally, the $66,190 average income supports the notion of financial stability among tenants, which is crucial for maintaining consistent cash flows. While the percentage of renters is lower than what might be seen in a purely rental-focused area, the combination of these factors still positions the ZIP code as an attractive investment opportunity for those looking to capitalize on rental income without the volatility associated with high turnover rates.
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.