Location: Toole County, MT | Metro: Toole County, MT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $990 |
| 1 Bedroom | $1,060 |
| 2 Bedrooms | $1,370 |
| 3 Bedrooms | $1,820 |
| 4 Bedrooms | $1,980 |
| 5 Bedrooms | $2,297 |
| 6 Bedrooms | $2,573 |
| 7 Bedrooms | $2,779 |
| 8 Bedrooms | $2,918 |
U.S. Census Bureau data (2024)
The ZIP code 59466 is primarily a renter-heavy area, with 47.6% of its population renting their homes. This indicates a significant demand for rental properties, particularly those that can accommodate Section 8 tenants. The median household income stands at $41,719, which suggests that many residents rely on financial assistance to meet their housing needs.
In this ZIP code, the typical rent consumes a considerable portion of the local income. While specific market rent figures are not available, we can infer that given the median income, a substantial percentage of it would be allocated towards rent. For instance, if the average rent is close to the Fair Market Rent (FMR), then the cost of rent would consume approximately 33% of the median income. The FMR for the area is set at $1,380 (for FY 2026, metro level).
Landlords in ZIP 59466 should anticipate a tenant pool that includes a high proportion of individuals and families who qualify for and utilize Section 8 vouchers. These tenants will be seeking affordable housing options and will likely be sensitive to the cost of living. It's important for landlords to understand that while these tenants have a reliable source of rental payment through the voucher program, their overall income levels may limit their ability to cover additional costs such as utilities or maintenance fees beyond the scope of the voucher.
To summarize, 59466 is an area with strong rental demand, especially among those needing financial assistance for housing. Landlords should prepare for a tenant base that relies on Section 8 vouchers, ensuring they meet the requirements for participating in the program and offering competitive yet affordable rental options.
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.