Section 8 Fair Market Rent (FMR) for ZIP 59452 - 2027

Location: Judith Basin County, MT | Metro: Judith Basin County, MT

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$880
1 Bedroom	$900
2 Bedrooms	$1,150
3 Bedrooms	$1,590
4 Bedrooms	$1,890
5 Bedrooms	$2,192
6 Bedrooms	$2,455
7 Bedrooms	$2,651
8 Bedrooms	$2,784

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

599

Median Household Income

$54,539

Housing Units

391

Renter Percentage

35.3%

Occupancy Rate

65.2%

Renter Occupied

The ZIP code 59452, located in the heart of Montana, offers a unique blend of rural charm and accessibility to urban amenities, making it an attractive investment opportunity for landlords and small-portfolio investors. This area benefits from a stable housing market, with a mix of rental and homeownership options catering to diverse residents.

The Fair Market Rent (FMR) for the metropolitan area in fiscal year 2026 is set at $1,160, providing a benchmark for rental pricing that reflects the local economy's strength.
The average market rent, according to Census ACS data, stands at $484, indicating a lower-than-average cost compared to the FMR, which suggests potential for increasing rents to align with the FMR.
The median home value in ZIP 59452 is $307,243, offering a solid base for property values and potential appreciation over time.
Renters make up 35.3% of the population, showing a significant portion of the community relies on rental properties, which can be a steady source of income for investors.
The median income for residents is $54,539, suggesting that while there is demand for affordable housing, there is also room for moderate pricing adjustments without alienating the tenant base.

Investors looking to enter the ZIP 59452 market should consider the gap between the Fair Market Rent and the current average market rent as an opportunity for growth. The relatively high median home value indicates a stable economic environment, while the substantial renter share points to ongoing demand for rental properties. With a median income that supports modest increases in rent, landlords can adjust their pricing to approach the FMR level without risking vacancy rates. This combination of factors makes ZIP 59452 a promising area for those seeking a balanced investment in a growing market.

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.