Location: Rosebud County, MT | Metro: Rosebud County, MT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,160 |
| 1 Bedroom | $1,230 |
| 2 Bedrooms | $1,610 |
| 3 Bedrooms | $2,190 |
| 4 Bedrooms | $2,470 |
| 5 Bedrooms | $2,865 |
| 6 Bedrooms | $3,209 |
| 7 Bedrooms | $3,466 |
| 8 Bedrooms | $3,639 |
U.S. Census Bureau data (2024)
The rental landscape in ZIP code 59333 presents a unique set of challenges and opportunities for both tenants and landlords alike. Given the lack of specific data on median income and market rate rents, we must rely on the available information to draw conclusions.
The Family Monthly Payment Standard (FMR) for the metro area in fiscal year 2026 is set at $1,610. This figure represents the maximum amount that a low-income household participating in the Section 8 program would pay towards their rent. However, without concrete data on the local median income, it's difficult to assess whether a typical household in ZIP 59333 can afford the market rate rents.
With 33.3% of the population being renters and a total population of 10, the competition among landlords could be fierce if the number of available units exceeds the demand. The affordability gap, which is the difference between the market rate rents and what households can afford, is likely to influence tenant choices. If market rates significantly exceed the FMR, tenants may prefer voucher-assisted housing to manage their costs effectively.
For landlords considering their strategy, focusing on properties that align with the FMR can attract a steady stream of tenants through the Section 8 program. While voucher payments might offer less immediate cash flow due to processing times, they provide long-term stability and a guaranteed tenant base. Landlords should weigh the benefits of consistent rental income against the potential for higher market rates without vouchers.
The takeaway for landlords is to carefully consider the balance between voucher and cash-paying tenants. Given the limited market rate data and the reliance on the $1,610 FMR, properties priced at or below this level are likely to have a competitive edge in attracting tenants who seek affordable housing options. Investing in understanding the local rental dynamics and the preferences of potential tenants will be crucial in developing a successful rental strategy in ZIP 59333.
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.