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)
22.7% of residents in ZIP code 59244 are renters, indicating a significant portion of the population relies on rental housing. This statistic aligns with the $1,200 Fair Market Rent (FMR) set for the metro area in fiscal year 2026, which represents the benchmark for rental costs under the Section 8 program. Given the $111,250 median income in the area, landlords can expect that a substantial number of tenants will be seeking assistance through Section 8 vouchers. The absence of data on market rent and median home value suggests that these metrics might not be as relevant for assessing the rental market dynamics in 59244 compared to other areas.
The lack of detailed data on days on market (DOM) and price-cut share indicates that the rental market in 59244 is relatively stable, without significant fluctuations in pricing or availability. Landlords should focus on maintaining properties at or below the $1,200 FMR to attract voucher holders, who represent a reliable tenant pool given the high renter share and median income levels. Additionally, the stability implied by the missing DOM and price-cut share data points to a consistent demand for rental units, making it a favorable environment for small-portfolio investors looking for steady returns.
To summarize, the rental market in ZIP code 59244, with its 22.7% renter share and $1,200 FMR, presents an opportunity for landlords to cater to a sizeable tenant base that includes many Section 8 voucher holders. The median income of $111,250 supports the notion that there is sufficient financial capacity among residents to sustain the rental market. Therefore, participation in the Section 8 program is advisable for securing long-term, stable tenancy.
Section 8 Verdict: Participate in the Section 8 program to secure a reliable tenant pool.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.