Location: Richland County, MT | Metro: Richland County, MT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,450 |
| 1 Bedroom | $1,470 |
| 2 Bedrooms | $1,640 |
| 3 Bedrooms | $1,950 |
| 4 Bedrooms | $2,740 |
| 5 Bedrooms | $3,178 |
| 6 Bedrooms | $3,559 |
| 7 Bedrooms | $3,844 |
| 8 Bedrooms | $4,036 |
U.S. Census Bureau data (2024)
The ZIP code 59243 stands out due to its unique data profile. With only 446 residents, it represents a small community where 34.5% of the population rents their homes. The median income for this area is $83,500, indicating a relatively affluent neighborhood despite the lack of data on median home values.
The voucher economics in ZIP 59243 present an interesting opportunity for landlords and small-portfolio investors. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,740, while the current market rent, according to the Census ACS, is $1,131. This discrepancy means that landlords accepting Section 8 vouchers can benefit from a higher rental rate compared to the local market average. For instance, if you were to charge the FMR rate, you would be collecting $609 more per month than the typical market rate.
The data signature for ZIP 59243 reads as stable. Despite the small number of residents, the high median income suggests financial stability among the populace. The significant gap between the FMR and the market rent provides a strong incentive for landlords to consider accepting Section 8 vouchers, thereby securing steady tenants without compromising on rental income. This combination of factors makes ZIP 59243 an attractive location for those looking to invest in real estate with a focus on Section 8 properties.
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.