Location: Fergus County, MT | Metro: Fergus County, MT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,080 |
| 1 Bedroom | $1,120 |
| 2 Bedrooms | $1,420 |
| 3 Bedrooms | $1,950 |
| 4 Bedrooms | $2,320 |
| 5 Bedrooms | $2,691 |
| 6 Bedrooms | $3,014 |
| 7 Bedrooms | $3,255 |
| 8 Bedrooms | $3,418 |
U.S. Census Bureau data (2024)
The ZIP code 59441 stands out due to its small resident population of just 126 individuals, which is significantly lower than most other ZIP codes analyzed. With only 23.3% of residents renting, the rental market here is notably smaller. The median income of $62,344 provides insight into the economic status of the area, though the lack of data on median home value suggests that either the number of homeowners is too low to measure accurately, or there is insufficient data available.
Moving to the specifics of Section 8 voucher economics, the Fair Market Rent (FMR) for the metro area for fiscal year 2026 is set at $1,390. This figure is crucial for landlords and small-portfolio investors considering participation in the Section 8 program. However, the absence of market rent data for ZIP 59441 makes it difficult to compare the FMR with local rental rates, thus complicating the decision-making process for potential participants in the voucher program.
The data signature for ZIP 59441 reads as transitional. The small population size and limited rental market suggest that the area could be undergoing changes, such as development or shifts in housing preferences. Landlords should be cautious about relying solely on Section 8 vouchers as a stable source of income, given the scarcity of data points that would typically indicate a more predictable market environment.
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.