Location: Powder River County, MT | Metro: Powder River 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 | $780 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $1,020 |
| 3 Bedrooms | $1,410 |
| 4 Bedrooms | $1,680 |
| 5 Bedrooms | $1,949 |
| 6 Bedrooms | $2,183 |
| 7 Bedrooms | $2,358 |
| 8 Bedrooms | $2,476 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,020 | $199,168 | 0.51% | F |
| 3BR | $1,410 | $318,412 | 0.44% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 59317, which includes Broadus, Montana, is set at $1,010 for the metro area fiscal year 2026. This figure represents the payment standard for Section 8 housing vouchers, meaning that voucher holders can receive assistance up to this amount. However, it does not dictate the actual rent you charge; it's a guideline to ensure rents are reasonable.
To put this into perspective, consider the average rent in Broadus according to recent Census American Community Survey (ACS) data, which stands at $538. This suggests that the FMR is significantly higher than the typical market rate, potentially offering a financial buffer for landlords participating in the program.
With a renter share of 23.0%, there is a moderate demand for rental properties in Broadus. This percentage indicates that nearly one in four households are renters, creating a steady but not overwhelming need for rental units. Given the low population density and rural setting of Broadus, this demand is likely to be consistent rather than volatile.
If you're looking to acquire a property in this area, the median home value is approximately $249,328. This figure gives you an idea of the potential investment required to enter the Section 8 rental market in Broadus. It's important to note that the acquisition cost should be balanced against the expected rental income and any additional expenses such as maintenance and property taxes.
Before proceeding with your first Section 8 rental in Broadus, make sure to verify the specific requirements and regulations for landlords in the county. These can include property condition standards and documentation needed to participate in the program. Ensuring compliance with these rules will help you avoid any issues and maintain a smooth operation of your rental property.
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.