Location: Powder River County, MT | Metro: Powder River County, MT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $780 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $1,020 |
| 3 Bedrooms | $1,400 |
| 4 Bedrooms | $1,680 |
| 5 Bedrooms | $1,949 |
| 6 Bedrooms | $2,183 |
| 7 Bedrooms | $2,358 |
| 8 Bedrooms | $2,476 |
U.S. Census Bureau data (2024)
ZIP code 59314, located within Powder River County, MT, has a Family Monthly Income (FMR) set at $1,000 for the fiscal year 2026. This figure represents the threshold for rental assistance under the Section 8 program. Despite the lack of specific market rent and home value data for ZIP 59314, we can infer its position relative to other ZIP codes in the county based on the available information.
The 23.1% renter share in ZIP 59314 indicates a higher proportion of renters compared to the average ZIP code in Powder River County, which typically has a lower renter share. This suggests that ZIP 59314 could be a value pocket within the metro area, attracting a significant number of renters who rely on rental assistance programs like Section 8. The absence of market rent and home value data makes it challenging to definitively classify 59314 as a mid-tier neighborhood or a premium sub-market, but the high renter share leans towards the value pocket category.
A value pocket is characterized by properties that offer good value for the money, often appealing to those seeking affordable housing options. Given that the FMR is fixed at $1,000, landlords and small-portfolio investors in ZIP 59314 can expect to cater primarily to tenants who qualify for this level of assistance. This ZIP code's higher-than-average renter share, combined with the reliance on Section 8 funding, signals a strong demand for affordable rental units. While we cannot determine the exact market rents and home values without additional data, the high renter share implies that there might be a competitive advantage for landlords who can provide quality, affordable housing.
To make a more precise assessment, it would be beneficial to obtain market rent and home value data for ZIP 59314. However, based on the current information, ZIP 59314 appears to be a value pocket within the Powder River County, MT metro, offering opportunities for landlords and small-portfolio investors to serve a substantial portion of the renter population effectively.
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.