Section 8 Fair Market Rent (FMR) for ZIP 59353 - 2027

Location: Wibaux County, MT | Metro: Dawson County, MT

Investment Score for ZIP 59353

N/A

Monthly Rent (2BR)

$1,550

Median Price (2BR)

$N/A

1% Rule

Annual Yield

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,180
1 Bedroom	$1,220
2 Bedrooms	$1,550
3 Bedrooms	$2,140
4 Bedrooms	$2,540
5 Bedrooms	$2,946
6 Bedrooms	$3,300
7 Bedrooms	$3,564
8 Bedrooms	$3,742

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
3BR	$2,140	$238,400	0.9%	C

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

1,204

Median Household Income

$68,250

Housing Units

608

Renter Percentage

27.3%

Occupancy Rate

76.5%

Renter Occupied

127

The ZIP code 59353, located in Montana, offers a unique blend of rural charm and accessibility to urban amenities, making it an attractive investment opportunity for real estate investors. The area is characterized by a mix of residential properties, with a significant portion of renters contributing to the local housing market dynamics.

The Fair Market Rent (FMR) for a two-bedroom apartment in the metropolitan area for fiscal year 2026 is set at $1,550, indicating a steady demand for affordable housing options.
The average market rent, as per the Census American Community Survey, stands at $963, suggesting that there is room for growth in rental prices without being overly competitive.
The median home value in the area is $236,459, which reflects a stable property market with potential for appreciation over time.
Renters make up 27.3% of the housing market, showing a substantial segment of the population that relies on rental properties, thus creating a consistent demand for landlords.
The median income of residents is $68,250, providing insight into the economic stability of the area and the ability of tenants to afford higher rents.
While the exact days on market (DOM) for rentals is not available, the combination of the above factors suggests a robust rental market with good turnover rates.

Investors looking to enter the ZIP 59353 real estate market should consider the area's strong fundamentals. With a median home value that is relatively low compared to the national average, coupled with a decent median income, the potential for rental income growth is present. The gap between the Fair Market Rent and the current market rent indicates a favorable environment for increasing rental rates gradually. Additionally, the significant renter share ensures a steady stream of potential tenants, reducing vacancy risks. Overall, ZIP 59353 presents a balanced opportunity for both long-term appreciation and immediate rental income generation.

Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.