Location: Glacier County, MT | Metro: Glacier County, MT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $960 |
| 1 Bedroom | $1,160 |
| 2 Bedrooms | $1,260 |
| 3 Bedrooms | $1,500 |
| 4 Bedrooms | $1,800 |
| 5 Bedrooms | $2,088 |
| 6 Bedrooms | $2,339 |
| 7 Bedrooms | $2,526 |
| 8 Bedrooms | $2,652 |
U.S. Census Bureau data (2024)
The ZIP code 59411 presents several challenges for potential Section 8 landlords. Firstly, the tenant turnover rate can be unpredictable due to the lack of available market rent data. However, the Fair Market Rent (FMR) for the area is set at $1,290 per month for fiscal year 2026, which provides a benchmark for rental pricing. This figure should guide landlords in setting their rents to align with the government's standards.
Vacancy exposure is another significant risk, especially when considering that there is no data available on the number of days on market (DOM) for properties in this ZIP. A higher DOM can indicate difficulty in finding tenants, which is particularly concerning for Section 8 properties where the rental process can be lengthy due to voucher approval and other bureaucratic steps.
Deferred maintenance is also a notable risk. With no data on typical home values in the area, it's crucial for landlords to conduct thorough inspections before purchasing a property. The median household income in ZIP 59411 is $61,000, which is relatively low and may suggest that tenants have limited funds for repairs beyond routine maintenance, increasing the burden on landlords.
Despite these risks, the ZIP code has a strong renter share at 31.5%, indicating a robust demand for rentals. High renter density often translates into higher demand for Section 8 vouchers, potentially making it easier to find tenants who qualify for the program. This can offset some of the risks associated with vacancy and maintenance, as landlords are more likely to have a steady stream of qualified applicants.
Verdict: Moderate risk for a first-time Section 8 landlord. While the area presents challenges such as uncertain market conditions and potential maintenance costs, the high renter share offers a buffer against vacancy and ensures a pool of tenants interested in Section 8 properties.
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.