Location: Judith Basin County, MT | Metro: Chouteau County, MT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $900 |
| 1 Bedroom | $920 |
| 2 Bedrooms | $1,180 |
| 3 Bedrooms | $1,630 |
| 4 Bedrooms | $1,910 |
| 5 Bedrooms | $2,216 |
| 6 Bedrooms | $2,482 |
| 7 Bedrooms | $2,681 |
| 8 Bedrooms | $2,815 |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors targeting ZIP code 59447 in Judith Basin County, Montana reveals a significant opportunity for positive cash flow. The HUD Fair Market Rent (FMR) for the area, set at $1,180 for the fiscal year 2026, is notably higher than the current market rent, which stands at $436 according to the Census ACS. This means that voucher tenants can cashflow at the FMR level, providing a substantial financial advantage over market rates.
To further understand the investment potential, consider the median home value in the area, which is $381,924. Using this figure, we can calculate a rent-to-price ratio of approximately 0.125%, indicating that rental income is relatively low compared to property values. However, this ratio is less relevant when comparing against the higher FMRs supported by vouchers, making it an attractive option for investors seeking stable rental income.
In terms of days on market (DOM) and price cut shares, these metrics are not applicable (N/A) for the current analysis. This suggests that the primary focus should be on the cash flow potential rather than the speculative aspects of short-term appreciation or frequent price adjustments.
The strongest angle for Section 8 investors in ZIP 59447 is cash flow. Given the disparity between the HUD FMR and the actual market rent, investors can expect reliable and above-market returns, especially when securing properties with tenants holding vouchers.
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.