Location: Rosebud County, MT | Metro: Rosebud 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 | $830 |
| 1 Bedroom | $930 |
| 2 Bedrooms | $1,130 |
| 3 Bedrooms | $1,540 |
| 4 Bedrooms | $1,890 |
| 5 Bedrooms | $2,192 |
| 6 Bedrooms | $2,455 |
| 7 Bedrooms | $2,651 |
| 8 Bedrooms | $2,784 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,540 | $241,774 | 0.64% | D |
U.S. Census Bureau data (2024)
The ZIP code 59323, located within the Rosebud County, MT metro area, presents a unique set of characteristics when compared to typical ZIP codes in the county. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is $1,250, while the actual market rent in ZIP 59323 stands at $659. This indicates that the rental prices in 59323 are significantly lower than the average for the entire metro area, suggesting it could be considered a value pocket for investors looking to maximize returns on investment.
Additionally, the median home value in ZIP 59323 is $224,891, which is likely below the average home value for the Rosebud County metro area. This combination of lower-than-average market rents and home values can be particularly advantageous for landlords who participate in the Section 8 housing choice voucher program, as it means they can offer affordable housing options to tenants while still maintaining a competitive position in the market.
The renter share in ZIP 59323 is 17.2%, which is noteworthy when considering the implications for Section 8 participation. A higher percentage of renters with relatively lower home values can signal a strong demand for subsidized housing, making it an attractive location for landlords interested in serving this demographic. This scenario often highlights areas where Section 8 vouchers are more prevalent, thus creating a sweet spot for landlords who can benefit from the federal assistance program.
In summary, ZIP 59323 appears to be a value pocket within the Rosebud County, MT metro area. Its lower market rent of $659, below-average home value of $224,891, and a notable 17.2% renter share indicate a favorable environment for landlords participating in the Section 8 program. These figures suggest that the area has a strong potential for attracting tenants who rely on housing vouchers, providing a steady income stream for property owners.
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.