Location: Carter County, MT | Metro: Carter County, MT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $890 |
| 1 Bedroom | $970 |
| 2 Bedrooms | $1,260 |
| 3 Bedrooms | $1,500 |
| 4 Bedrooms | $2,000 |
| 5 Bedrooms | $2,320 |
| 6 Bedrooms | $2,598 |
| 7 Bedrooms | $2,806 |
| 8 Bedrooms | $2,946 |
U.S. Census Bureau data (2024)
The ZIP code 59319 stands out due to its unique demographic characteristics. With only 40 residents, it is one of the smallest communities analyzed. A notable 59.1% of these residents rent their homes, indicating a significant reliance on rental properties. The lack of data for median income and median home value suggests that this area is under-monitored or has insufficient data points for accurate statistical representation.
Moving into the specifics of voucher economics, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,090. This figure is crucial for landlords and small-portfolio investors as it dictates the maximum amount that can be charged to tenants participating in the Section 8 program. However, the absence of comparable market rent data makes it difficult to assess how competitive this rate is within the local housing market.
The data signature for ZIP 59319 reads as transitional. Given the small number of residents and the high percentage of renters, there is potential for changes in the housing market dynamics. Landlords should closely monitor any updates to the median income and home value data, which could provide further insight into the economic stability of the area. Additionally, keeping an eye on local trends and the availability of rental units will be important in understanding the evolving nature of this ZIP code's housing market.
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.