Location: Valley County, MT | Metro: Valley County, MT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $920 |
| 1 Bedroom | $1,020 |
| 2 Bedrooms | $1,200 |
| 3 Bedrooms | $1,660 |
| 4 Bedrooms | $1,840 |
| 5 Bedrooms | $2,134 |
| 6 Bedrooms | $2,390 |
| 7 Bedrooms | $2,581 |
| 8 Bedrooms | $2,710 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 59240 in the metro area for fiscal year 2026 is set at $1,200. This figure represents the payment standard for Section 8 housing vouchers, meaning that landlords will receive a subsidy up to this amount to cover the difference between what a tenant can afford and the actual rent. However, it's important to note that this is not the rent you should charge your tenants; it's the maximum amount the government will pay toward rent.
In ZIP 59240, the local market rent is currently listed as N/A, which means there isn't enough data available to provide an accurate comparison to the FMR. Despite this lack of data, the 0.0% renter share indicates that there is significant demand for affordable housing in this area. Landlords who offer properties under the Section 8 program can expect a steady stream of interested tenants looking for reliable, subsidized housing options.
The acquisition cost for new Section 8 units in this region is also listed as N/A, suggesting that detailed information on how much it costs to bring a property into compliance with Section 8 requirements is not readily available. However, this does not diminish the potential benefits of participating in the program, particularly given the strong demand for affordable housing.
To proceed with confidence, one key verification step is essential: ensure that the property meets all the required standards for Section 8 eligibility. This includes passing a Housing Quality Standards (HQS) inspection, which checks for safety, health, and habitability conditions. Once your property passes this inspection, you can confidently move forward with renting to Section 8 tenants knowing that you meet the necessary criteria.
While the specific local market rent and acquisition costs are not provided, the high demand indicated by the 0.0% renter share suggests that properties meeting HQS standards will likely find tenants quickly. The guaranteed $1,200 per month subsidy ensures financial stability, making Section 8 a viable option for landlords and small-portfolio investors in ZIP 59240.
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.