Section 8 Fair Market Rent (FMR) for ZIP 59463 - 2027

Investment Score for ZIP 59463

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

The town of Monarch, located in the heart of Montana's Big Sky Country, offers a unique blend of rural charm and natural beauty. With its population of approximately 1,200 residents, it provides a stable environment for real estate investments. However, the market dynamics are quite different compared to urban centers, which can present both opportunities and challenges for landlords and small-portfolio investors.

• Fair Market Rent (FMR) for zip code 59463: The Fair Market Rent for 2024 is set at $980, indicating the average rent level for a modest apartment suitable for lower-income families.
• Market Rent: Data on market rent is currently unavailable, suggesting that the rental market in Monarch might be less active or that there isn't sufficient data to provide a reliable figure.
• Median Home Value: The median home value stands at $330,890, reflecting the typical price range for homes in the area.
• Renter Share: Only 5.3% of the population are renters, which implies a strong homeownership trend and potentially limited demand for rental properties.
• Days on Market (DOM): Information regarding the average days a property remains on the market before being sold is not available, making it difficult to assess the speed of the real estate transactions in Monarch.
• Median Income: Data on the median income of the residents is also not available, which means we cannot directly evaluate the earning potential of the local tenants.

In summary, Monarch, MT, presents a niche investment opportunity where the demand for rental properties is relatively low due to the high homeownership rate. The Fair Market Rent of $980 provides a baseline for rental pricing, but the lack of market rent data suggests caution in setting expectations for rental income. Given the median home value of $330,890, it is clear that the area has a stable housing market, but the absence of DOM and median income figures leaves gaps in understanding the full economic picture. Investors should focus on long-term strategies that leverage the town's charm and stability rather than expecting rapid turnovers or high rental yields.

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.