Location: Teton County, MT | Metro: Teton County, MT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $990 |
| 1 Bedroom | $1,140 |
| 2 Bedrooms | $1,300 |
| 3 Bedrooms | $1,800 |
| 4 Bedrooms | $2,170 |
| 5 Bedrooms | $2,517 |
| 6 Bedrooms | $2,819 |
| 7 Bedrooms | $3,045 |
| 8 Bedrooms | $3,197 |
U.S. Census Bureau data (2024)
In ZIP code 59419, there are several factors that could pose challenges for landlords considering Section 8 investments. First, tenant turnover could be higher due to the discrepancy between the market rent and the Fair Market Rent (FMR) set at $1,300 for fiscal year 2026, which might not reflect the actual rental rates in the area. This mismatch can lead to dissatisfaction among tenants who may find it difficult to afford the difference between the subsidized amount and the market rent, potentially resulting in frequent moves.
Vacancy exposure is another concern. With no data available on the days on market (DOM), it's uncertain how quickly properties can be filled, especially if the rental market is tight. A prolonged period of vacancy can significantly impact cash flow and profitability. Additionally, the median income in the area stands at $45,625, which suggests that many potential tenants may struggle to cover any portion of the rent above the FMR subsidy. This financial strain can increase the likelihood of deferred maintenance issues, as tenants with limited resources may prioritize other expenses over home repairs.
However, these risks are tempered by the high concentration of renters in the area, with 17.2% of the population being renters. High renter density often correlates with a greater demand for housing vouchers, which can stabilize occupancy rates and provide a steady stream of tenants. The presence of a significant number of voucher holders can also help mitigate the risk of vacancy, as these tenants typically have a guaranteed source of funding for their rent.
Considering the factors outlined, the overall risk for a first-time Section 8 landlord in ZIP code 59419 is moderate.
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.