Location: Valley County, MT | Metro: Valley County, MT
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 | $920 |
| 1 Bedroom | $1,030 |
| 2 Bedrooms | $1,210 |
| 3 Bedrooms | $1,680 |
| 4 Bedrooms | $1,860 |
| 5 Bedrooms | $2,158 |
| 6 Bedrooms | $2,417 |
| 7 Bedrooms | $2,610 |
| 8 Bedrooms | $2,741 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,030 | $134,737 | 0.76% | D |
| 2BR | $1,210 | $185,108 | 0.65% | D |
| 3BR | $1,680 | $80,937 | 2.08% | A+ |
| 4BR | $1,860 | $266,497 | 0.7% | D |
| 5BR | $2,158 | $290,765 | 0.74% | D |
U.S. Census Bureau data (2024)
The real estate landscape in ZIP 59230, Glasgow, MT, presents a nuanced picture that balances both opportunities and challenges for landlords and small-portfolio investors. With a median home value of $213,001, the area remains accessible to a broad range of buyers, yet the absence of data on listing reductions and days on market (DOM) indicates a stable market where neither significant buyer nor seller urgency is present.
On the rental side, the Federal Market Rent (FMR) for fiscal year 2026 is projected at $1,200, while the current market rent stands at $832. This suggests that there is potential for rental income growth as the market gradually aligns with federal projections. However, it also implies that landlords might face resistance from tenants accustomed to lower rents, necessitating a strategic approach to rental price adjustments.
For long-term investors, the setup points towards a moderate appreciation thesis. The stable home values combined with the potential for rental income growth can contribute to a gradual increase in property value over the next 12-24 months. However, the lack of significant DOM trends and listing reductions suggests that rapid appreciation is unlikely. Instead, investors should anticipate steady growth, which, when coupled with rising rents, can provide a solid return on investment.
A balanced strategy focusing on maintaining competitive rental rates and being attentive to market conditions will be key for landlords and investors in ZIP 59230. The current equilibrium between home values and rental incomes provides a foundation for sustainable investment, but the potential for upward movement in rents offers an additional layer of financial flexibility.
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.