Location: Fallon County, MT | Metro: Fallon County, MT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,090 |
| 1 Bedroom | $1,120 |
| 2 Bedrooms | $1,430 |
| 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 Fair Market Rent (FMR) for ZIP code 59354 in metro FY 2026 is set at $1,430. This figure represents the payment standard for Section 8 housing vouchers, which means that the government will pay up to this amount toward your tenant's rent. It does not represent the total rent you can charge; rather, it's the maximum subsidy amount.
To put this into perspective, the local median rent for ZIP 59354 is currently N/A, which indicates that there isn't enough data available to provide an accurate comparison. However, the FMR gives you a benchmark for what the government deems a reasonable rent level in the area.
The renter share in ZIP 59354 is 36.8%. This suggests that a significant portion of the population relies on rental income, indicating strong demand for affordable housing options. With Section 8 tenants, this demand translates into a steady stream of eligible applicants who need housing and have their rent subsidized.
Regarding the acquisition cost, the average property value in ZIP 59354 is N/A, making it difficult to assess the typical investment required to purchase a rental property in this area. Nonetheless, knowing the FMR can help you estimate the potential monthly income from a Section 8 voucher and plan accordingly.
Before you decide to participate in the Section 8 program, verify that your property meets all the necessary inspection standards and quality criteria set by the local housing authority. This ensures that you won't face unexpected costs or delays in renting to a Section 8 tenant.
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.