Location: Rosebud County, MT | Metro: Custer County, MT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,090 |
| 1 Bedroom | $1,160 |
| 2 Bedrooms | $1,480 |
| 3 Bedrooms | $2,030 |
| 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)
22.8% of residents in ZIP code 59347 are renters, indicating a notable demand for rental properties in the area. Given the $1,440 Fair Market Rent (FMR) set for the metro area in fiscal year 2026, landlords can confidently price their units to match this benchmark. The median income of $57,250 suggests that tenants may find it challenging to afford rents above the FMR without assistance. While specific market rent and median home value data are currently unavailable, the FMR provides a reliable guideline for setting rental prices. Landlords should be aware that the lack of detailed data on days on market (DOM) and the percentage of price-cut share might indicate limited historical records or a less active real estate market, which could affect the speed at which properties are leased. Despite these gaps, the combination of the high renter share and the established FMR makes ZIP code 59347 a viable location for Section 8 investments.
The $1,440 FMR aligns closely with what tenants are likely to pay, ensuring that landlords participating in the Section 8 program can maintain stable cash flows. With the median income at $57,250, many households may qualify for housing assistance, further supporting the potential success of Section 8 properties. Although there is insufficient data to provide precise insights into the local real estate trends, the significant proportion of renters—22.8%—implies a steady demand for affordable housing solutions. This demand, coupled with the clear FMR figure, positions landlords well to attract and retain tenants through the Section 8 program.
Given the outlined conditions, landlords and small-portfolio investors in ZIP code 59347 should consider leveraging the Section 8 program to secure long-term, stable tenancies. The established FMR and the high renter share provide a solid foundation for investment, while the median income indicates a need for subsidized housing options. Thus, investing in Section 8 properties in this area is advisable for those seeking consistent returns and occupancy rates.
Section 8 verdict: ZIP code 59347 presents a favorable environment for Section 8 investments, with a strong rental market and an established FMR that aligns with tenant affordability.
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.