Location: Carter County, MT | Metro: Carter County, MT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $840 |
| 1 Bedroom | $910 |
| 2 Bedrooms | $1,170 |
| 3 Bedrooms | $1,430 |
| 4 Bedrooms | $1,880 |
| 5 Bedrooms | $2,181 |
| 6 Bedrooms | $2,443 |
| 7 Bedrooms | $2,638 |
| 8 Bedrooms | $2,770 |
U.S. Census Bureau data (2024)
ZIP code 59311, located within Carter County, MT, has a Family Monthly Rent (FMR) of $1,090 for fiscal year 2026. This figure is critical for landlords and small-portfolio investors as it directly impacts the rental assistance available through the Section 8 program. While specific market rent and home value data for 59311 are not available, the 33.8% renter share provides insight into the area's housing dynamics.
In comparison to typical ZIP codes within Carter County, MT, where FMRs are likely similar but exact figures are not provided, 59311 stands out due to its relatively high renter share. A higher proportion of renters can indicate a strong demand for affordable housing, which is often a characteristic of a Section 8-friendly neighborhood. The absence of market rent and home value data suggests that these metrics might be less significant in evaluating 59311's real estate value relative to other areas in Carter County, MT.
The FMR of $1,090 places ZIP 59311 squarely within the range of what is considered a mid-tier neighborhood in terms of rental costs. However, the high renter share combined with the lack of specific market rent and home value data hints at a potential value pocket. Value pockets are areas where the cost of living is lower compared to surrounding regions, making them attractive for both tenants seeking affordable housing and landlords looking to maximize their returns on investment.
Given the limited data, we cannot definitively classify 59311 as a premium sub-market. Premium sub-markets typically feature higher-than-average home values and rents, along with a smaller renter share. Instead, the combination of a mid-range FMR and a substantial renter share points towards an opportunity for landlords who can leverage the Section 8 program to fill vacancies and maintain stable occupancy rates.
Investors should pay close attention to the local real estate trends and any forthcoming data on market rent and home values to make informed decisions about the potential profitability of properties in ZIP 59311. The high renter share and the availability of Section 8 assistance suggest that this area could be particularly beneficial for those willing to navigate the intricacies of government-subsidized housing.
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.