Location: Rosebud County, MT | Metro: Garfield County, MT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $840 |
| 1 Bedroom | $900 |
| 2 Bedrooms | $1,100 |
| 3 Bedrooms | $1,490 |
| 4 Bedrooms | $1,810 |
| 5 Bedrooms | $2,100 |
| 6 Bedrooms | $2,352 |
| 7 Bedrooms | $2,540 |
| 8 Bedrooms | $2,667 |
U.S. Census Bureau data (2024)
A skeptical investor analyzing ZIP code 59312 might question whether the Fair Market Rent (FMR) of $1,100 for the fiscal year 2026 will sufficiently cover the mortgage payments on a property in this area. Unfortunately, without specific information on median home prices and interest rates, it's impossible to definitively calculate if this FMR can cover the mortgage. However, knowing the FMR helps set a baseline for what properties should be rented for under the Section 8 program.
The same investor could also doubt the level of renter demand in ZIP 59312, given that the percentage of renters is listed at 0.0%. This figure suggests that there is either a lack of data or an extremely low number of renters compared to homeowners in the area. To accurately assess demand, we would need additional data such as the vacancy rate or the number of Section 8 applicants. Without this information, we cannot provide a concrete analysis of rental demand.
Another concern might be whether voucher amounts will keep up with the local market rents. The provided data does not include any specific details about the current market rents or the trend in voucher adjustments over time. It's crucial to understand that while the government adjusts voucher amounts periodically, they may not always align perfectly with market conditions. Therefore, it's important for investors to monitor both local rental trends and federal adjustments to ensure long-term financial viability.
In summary, while the FMR of $1,100 offers a starting point for setting rental prices under Section 8, the lack of data on median home values and interest rates makes it difficult to assess mortgage coverage. The reported 0.0% renter percentage is likely due to incomplete data and requires further investigation into actual rental demand. Lastly, maintaining awareness of how voucher adjustments compare to market rent increases is essential for managing risk and ensuring profitability.
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.