Location: Judith Basin County, MT | Metro: Fergus County, MT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,090 |
| 1 Bedroom | $1,090 |
| 2 Bedrooms | $1,420 |
| 3 Bedrooms | $1,960 |
| 4 Bedrooms | $2,330 |
| 5 Bedrooms | $2,703 |
| 6 Bedrooms | $3,027 |
| 7 Bedrooms | $3,269 |
| 8 Bedrooms | $3,432 |
U.S. Census Bureau data (2024)
20.8% of residents in ZIP code 59424 are renters, indicating a significant portion of the population relies on rental housing. This statistic aligns well with the $1,410 Fair Market Rent (FMR) for the metro area in fiscal year 2026, which represents the benchmark for rental costs supported under the Section 8 program. Landlords can expect to receive this amount per unit for eligible tenants. The median income of $79,375 provides context on the economic status of the area, suggesting that while the income level is moderate, it does not necessarily correlate with higher market rents or median home values, both of which are listed as N/A. This absence of specific figures for market rent and median home value could imply either a lack of data or a less competitive market for homeownership compared to renting. With no available data on days on market (DOM) or the percentage of listings that have had their prices cut, it's challenging to assess the current state of the real estate market beyond what can be inferred from the FMR and renter share. However, the known figures paint a picture where rental housing, particularly at the $1,410 FMR, remains a viable option for many residents. For landlords and small-portfolio investors looking to enter or stay in the ZIP 59424 market, focusing on properties that meet the FMR criteria will likely attract a steady stream of tenants given the high renter share. In conclusion, the Section 8 program presents a reliable income source for rental properties priced at the $1,410 FMR, making it a sound investment strategy in this area.
Section 8 Verdict: Approved for investment in ZIP 59424.
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.