Location: Prairie County, MT | Metro: Carter County, MT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,090 |
| 1 Bedroom | $1,130 |
| 2 Bedrooms | $1,470 |
| 3 Bedrooms | $1,960 |
| 4 Bedrooms | $2,340 |
| 5 Bedrooms | $2,714 |
| 6 Bedrooms | $3,040 |
| 7 Bedrooms | $3,283 |
| 8 Bedrooms | $3,447 |
U.S. Census Bureau data (2024)
The ZIP code 59336 presents a dynamic rental market with specific characteristics that can inform investment strategies. The Fair Market Rent (FMR) for the area is set at $1,450 for fiscal year 2026, according to HUD guidelines. This figure represents the maximum amount a low-income family should pay for rent and utilities. However, the actual market rent, as reported by the Census Bureau's American Community Survey (ACS), stands at a higher $1,750. This discrepancy suggests that there is a strong demand for rental properties in the area, as market rates exceed the fair market rent.
The 19.8% renter share indicates that nearly one-fifth of the population in ZIP 59336 rents their homes. This statistic points towards a persistent need for rental units, which can exert long-term pressure on the housing market. With a high market rent compared to the FMR, it's evident that demand is robust, likely exceeding supply. Landlords and small-portfolio investors looking to enter this market should anticipate competition among renters willing to pay above the FMR for quality accommodations.
While specific data on price-cut share, days on market (DOM), and median home value are not available, the overall trend suggests a market favoring landlords who can offer well-maintained properties at competitive rents. The higher market rent implies that tenants are willing to pay a premium for desirable living conditions, indicating a favorable environment for rental investments.
In summary, ZIP 59336 is characterized by a strong rental market with demand driving up prices above the FMR. The significant renter share signals sustained pressure for rental properties, making it an attractive area for those interested in real estate investments focused on rentals.
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.