Location: Fallon County, MT | Metro: Carter County, MT
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,090 |
| 1 Bedroom | $1,120 |
| 2 Bedrooms | $1,430 |
| 3 Bedrooms | $1,960 |
| 4 Bedrooms | $2,340 |
| 5 Bedrooms | $2,714 |
| 6 Bedrooms | $3,040 |
| 7 Bedrooms | $3,283 |
| 8 Bedrooms | $3,447 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,430 | $134,072 | 1.07% | B |
| 3BR | $1,960 | $212,572 | 0.92% | C |
| 4BR | $2,340 | $243,287 | 0.96% | C |
| 5BR | $2,714 | $277,186 | 0.98% | C |
U.S. Census Bureau data (2024)
ZIP code 59313, located in Plevna, Montana, has a population of 2,111 individuals. Renters constitute 32.8% of the residents, indicating that it is not heavily dominated by renters but still has a significant portion of the population relying on rental housing. The median household income in this area is $78,015, which provides a benchmark for assessing the affordability of housing.
The market rent for the area is $776, which represents approximately 10% of the median household income. This suggests that typical rent is affordable for most residents. However, when comparing the market rent to the Fair Market Rent (FMR) of $1,430 for the metro area (as of FY 2026), it becomes evident that ZIP 59313 offers relatively lower rents, potentially attracting tenants seeking affordable housing options.
A landlord in Plevna should expect a tenant pool that includes individuals who rely on Section 8 housing vouchers due to the lower market rent compared to the FMR. The voucher demand is likely to be moderate given the size of the renter population and the relatively low cost of living in the area. Tenants will predominantly be those whose incomes are modest enough to qualify for assistance programs but may also include working families and individuals who find the area's rents suitable for their budget.
To summarize, while ZIP 59313 is not dominated by renters, there is a notable segment of the population that relies on rental housing. The lower market rent relative to the FMR indicates an opportunity for landlords to attract tenants through affordable housing options. With a significant portion of the population using vouchers, landlords should prepare for a tenant pool that includes voucher recipients and individuals with modest incomes.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.