Location: Sheridan County, MT | Metro: Daniels County, MT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $920 |
| 1 Bedroom | $920 |
| 2 Bedrooms | $1,210 |
| 3 Bedrooms | $1,680 |
| 4 Bedrooms | $1,990 |
| 5 Bedrooms | $2,308 |
| 6 Bedrooms | $2,585 |
| 7 Bedrooms | $2,792 |
| 8 Bedrooms | $2,932 |
U.S. Census Bureau data (2024)
The ZIP code 59257 presents an interesting case study for landlords and small-portfolio investors when considering the balance between market-rate rents and those supported by housing vouchers. The median income in this area is listed as N/A, which makes it challenging to assess the typical financial capacity of local households. However, the voucher payment standard provides a concrete benchmark at $1,210 for the Fair Market Rent (FMR) in the metro area for fiscal year 2026.
Given the N/A market rate, it is evident that there is a significant affordability gap for renters in ZIP 59257. This gap is further emphasized by the fact that only 19.4% of the 132 residents are renters. The limited number of renters suggests that competition among them for housing units could be fierce, especially if they rely on vouchers to cover their rent.
The affordability gap means that landlords should consider the benefits of accepting housing vouchers. While the voucher payment standard of $1,210 might seem lower than potential market rates, it ensures a stable and consistent income stream. Landlords who accept vouchers can tap into a segment of the rental market that might otherwise struggle to find suitable housing, thereby reducing vacancy rates and increasing tenant satisfaction.
For landlords and small-portfolio investors, the decision to accept vouchers versus seeking cash-paying tenants should be informed by the specific dynamics of ZIP 59257. Given the limited data on median income and market rates, vouchers provide a reliable source of income that aligns with the established FMR. This strategy can help landlords attract and retain tenants in a competitive environment where many households may need assistance to meet their housing costs.
In conclusion, while the exact market rate remains unspecified, the voucher payment standard of $1,210 offers a clear guideline for setting rental prices that are affordable for the majority of renters in ZIP 59257. Accepting vouchers can be a strategic move to secure a steady stream of income and reduce competition for available housing units.
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.