Location: Daniels County, MT | Metro: Daniels County, MT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $790 |
| 1 Bedroom | $910 |
| 2 Bedrooms | $1,030 |
| 3 Bedrooms | $1,430 |
| 4 Bedrooms | $1,690 |
| 5 Bedrooms | $1,960 |
| 6 Bedrooms | $2,195 |
| 7 Bedrooms | $2,371 |
| 8 Bedrooms | $2,490 |
U.S. Census Bureau data (2024)
The investment landscape for Section 8 landlords in ZIP code 59276 presents several challenges that must be carefully considered. Firstly, the tenant turnover rate is critical due to the disparity between the market rent and the Fair Market Rent (FMR) set at $1,020 for fiscal year 2026, which is based on metro area standards. Given the lack of specific data on market rent, it's imperative to note that if market rents exceed this FMR, landlords might face higher turnover as tenants seek to maximize their voucher benefits.
Vacancy exposure is another significant risk factor. The absence of data on Days on Market (DOM) suggests uncertainty regarding how quickly rental units can be filled. This ambiguity increases the potential for prolonged vacancies, thereby reducing income and increasing costs associated with maintaining empty properties.
Deferred maintenance poses an additional threat, especially considering the limited data on typical home values in the area. With a median household income of $77,000, there's a risk that landlords may not recover the costs of necessary repairs and renovations through rent alone, leading to financial strain. The lack of precise home value data makes it difficult to assess the extent of this risk accurately.
Despite these risks, the high renter share of 31.3% in ZIP 59276 indicates a robust demand for rental housing. A larger proportion of renters typically translates into higher demand for Section 8 vouchers, which can provide a steady stream of tenants willing to pay a consistent rent amount. This stability is crucial for landlords who are looking to mitigate the financial impact of tenant turnover and vacancy rates.
In conclusion, the combination of uncertain market conditions and the potential for deferred maintenance expenses places the risk level for a first-time Section 8 landlord in ZIP 59276 at moderate. While the high renter density offers some protection against vacancy, the need for careful management of maintenance costs and tenant turnover remains paramount.
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.