Location: Chouteau County, MT | Metro: Chouteau County, MT
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $910 |
| 1 Bedroom | $910 |
| 2 Bedrooms | $1,190 |
| 3 Bedrooms | $1,650 |
| 4 Bedrooms | $1,780 |
| 5 Bedrooms | $2,065 |
| 6 Bedrooms | $2,313 |
| 7 Bedrooms | $2,498 |
| 8 Bedrooms | $2,623 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,190 | $218,809 | 0.54% | F |
| 3BR | $1,650 | $317,517 | 0.52% | F |
| 4BR | $1,780 | $330,668 | 0.54% | F |
U.S. Census Bureau data (2024)
ZIP code 59442, located in Fort Benton, MT, sits within the Chouteau County, MT metro area. The Fair Market Rent (FMR) for this ZIP is set at $1,170 for fiscal year 2026. In comparison, the market rent in ZIP 59442 is currently at $686, which is significantly lower than the FMR. This suggests that landlords in this area can potentially attract tenants who qualify for Section 8 housing assistance, as the gap between the FMR and market rent indicates a value pocket where subsidized rents can cover a substantial portion of the actual rental costs.
The median home value in ZIP 59442 stands at $291,273, which is relatively modest compared to other areas in the county. However, the 22.0% renter share is notable, as it exceeds the average for many rural ZIP codes. This higher-than-average percentage of renters combined with below-FMR market rents points to an opportunity for landlords interested in Section 8 properties. Typically, a higher renter share with lower home values suggests a concentration of affordable housing options, making it easier for Section 8 tenants to find suitable homes.
To determine if ZIP 59442 represents a value pocket, mid-tier neighborhood, or premium sub-market within the Chouteau County, MT metro, we must consider the context of these figures. With a market rent below the FMR and a modest home value, 59442 leans towards being a value pocket. This classification is further supported by the higher renter share, indicating a greater demand for rental properties, especially those eligible for Section 8 subsidies.
In conclusion, ZIP 59442 appears to be a value pocket within its metro area, offering opportunities for landlords and small-portfolio investors looking to capitalize on Section 8 housing. The disparity between the FMR and market rent, along with the modest home values and above-average renter share, makes this ZIP code a prime location for such investments.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.