Location: Garfield County, MT | Metro: Garfield County, MT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $940 |
| 1 Bedroom | $970 |
| 2 Bedrooms | $1,250 |
| 3 Bedrooms | $1,670 |
| 4 Bedrooms | $2,020 |
| 5 Bedrooms | $2,343 |
| 6 Bedrooms | $2,624 |
| 7 Bedrooms | $2,834 |
| 8 Bedrooms | $2,976 |
U.S. Census Bureau data (2024)
The Section 8 housing market in ZIP code 59322, located in Garfield County, MT, presents a unique opportunity for landlords and small-portfolio investors. The HUD Fair Market Rent (FMR) for the area, which applies to the entire metro region for fiscal year 2026, is set at $1,230. However, the lack of available market rent data makes it challenging to directly compare this figure to current market conditions.
In the absence of specific market rent figures, we can infer that voucher tenants in this area will likely cashflow at the FMR rate, given that the FMR is designed to cover the majority of rental costs within the specified geographic area. This means that landlords who participate in the Section 8 program should expect to receive sufficient payments to cover their expenses without significant financial strain.
The median home value in ZIP 59322 is also not available, which complicates the calculation of a precise rent-to-price ratio. However, this lack of data suggests that the area might be more focused on rental properties rather than homeownership, potentially indicating a strong demand for rental units among voucher holders and other renters.
While there is no information on the median days on market (DOM) or the percentage of homes that have had price cuts, these metrics would typically influence the rent-versus-buy dynamics. In ZIP 59322, the absence of such data points to a stable market where the focus remains on rental investments.
The strongest angle for investors in this market is cashflow. Given the alignment between the HUD FMR and the expected rental income from voucher tenants, landlords can anticipate steady and reliable income streams. While appreciation and stability are also important factors, the guaranteed nature of Section 8 payments makes cashflow the most compelling reason for investment in this ZIP code.
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.