Location: Carter County, MT | Metro: Carter County, MT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $960 |
| 1 Bedroom | $960 |
| 2 Bedrooms | $1,250 |
| 3 Bedrooms | $1,490 |
| 4 Bedrooms | $2,050 |
| 5 Bedrooms | $2,378 |
| 6 Bedrooms | $2,663 |
| 7 Bedrooms | $2,876 |
| 8 Bedrooms | $3,020 |
U.S. Census Bureau data (2024)
The ZIP code 59332 presents a unique investment scenario for landlords and small-portfolio investors when analyzed through the lens of yield and stability.
Starting with yield, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,240. This figure is critical for understanding the potential rental income in the area. However, the absence of specific market rent and home value data for ZIP 59332 makes it challenging to assess how competitive the rental rates are compared to the overall market value of homes. In the context of yield, this ZIP code leans towards a moderate level due to the lack of direct comparison figures but shows promise based on the FMR alone.
Moving onto stability, the ZIP code has a significant percentage of renters at 70.8%. This high proportion of renters suggests a stable demand for rental properties. Additionally, the median household income of $32,241 indicates that residents have a reliable source of income, which can support consistent rental payments. The missing data on days on market (DOM) prevents a complete picture of property turnover speed, which is an important factor for assessing market volatility.
Given the available data, ZIP 59332 does not fit neatly into either a high-yield/low-stability flip-style market or a steady-cashflow zone. Instead, it appears to be a market that offers a balance between yield and stability. The high renter rate and established FMR suggest steady cash flow, while the unknowns about market rents and DOM indicate a need for further investigation before labeling it definitively as high-yield or low-stability.
To conclude, for landlords and small-portfolio investors looking to enter ZIP 59332, the current information points towards a market where stable returns are likely, but the exact yield potential remains unclear without additional market-specific data.
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.