Location: Prairie County, MT | Metro: Dawson County, MT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,200 |
| 1 Bedroom | $1,230 |
| 2 Bedrooms | $1,570 |
| 3 Bedrooms | $2,170 |
| 4 Bedrooms | $2,580 |
| 5 Bedrooms | $2,993 |
| 6 Bedrooms | $3,352 |
| 7 Bedrooms | $3,620 |
| 8 Bedrooms | $3,801 |
U.S. Census Bureau data (2024)
The rental landscape in ZIP code 59326 presents a unique set of challenges and opportunities for landlords and small-portfolio investors. The median income data is currently unavailable, which makes it difficult to assess the average household's financial capacity. However, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 stands at $1,570, indicating the benchmark for voucher payments.
Given the lack of specific market rate data, we must consider the voucher standard as a key reference point. A household receiving a housing voucher would be able to pay up to $1,570 towards rent, based on the FMR. This figure serves as a critical guideline for landlords when setting rental prices for properties eligible under the Section 8 program.
With only 22.4% of the population renting, and a total population of 233, the competition among landlords is relatively low. However, this also means that there is a smaller pool of potential tenants. The affordability gap, therefore, becomes particularly significant as it directly impacts the number of households capable of paying market rates without assistance.
Landlords in ZIP 59326 must weigh the benefits of accepting Section 8 vouchers against the stability of cash-paying tenants. While voucher holders ensure a steady, government-backed income stream at the $1,570 rate, landlords might find fewer tenants willing to pay the higher market rates. The decision should be informed by the local demand for subsidized housing and the overall economic conditions of the area.
The takeaway for landlords considering their strategy is clear: accepting Section 8 vouchers can provide a reliable source of income, especially in a market where the number of renters is limited. However, if there is a strong presence of cash-paying tenants who can afford above the FMR, focusing on non-subsidized rentals could yield higher returns. Landlords should monitor the local rental trends and tenant demographics closely to make an informed decision.
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.