Location: Fergus County, MT | Metro: Fergus County, MT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $980 |
| 1 Bedroom | $1,010 |
| 2 Bedrooms | $1,310 |
| 3 Bedrooms | $1,800 |
| 4 Bedrooms | $2,110 |
| 5 Bedrooms | $2,448 |
| 6 Bedrooms | $2,742 |
| 7 Bedrooms | $2,961 |
| 8 Bedrooms | $3,109 |
U.S. Census Bureau data (2024)
339,213 is the median home value in ZIP code 59471, indicating a relatively stable housing market. However, when considering rental investments, the $1,360 Fair Market Rent (FMR) for the metro area in fiscal year 2026 becomes a critical figure. This FMR represents the maximum amount landlords can charge for a Section 8 voucher, making it an essential benchmark for profitability. Despite the N/A for market rent, which suggests limited recent data on rental rates, the 30.1% renter share shows a significant portion of the population prefers renting over buying, supporting the demand for rental properties. With a median income of $65,156, tenants should have sufficient disposable income to cover rents at or below the FMR, assuming typical household expenses. The lack of specific data points for days on market (DOM) and price-cut share percentages (N/A) indicates either a robust market with quick sales or a lack of comprehensive reporting. For landlords and small-portfolio investors looking to enter the 59471 market, focusing on properties that meet or slightly exceed the FMR while remaining affordable for the average household income will likely yield strong returns. Given the high renter share and stable median home values, the potential for successful Section 8 tenancy is promising. However, the absence of precise market rent data and DOM metrics introduces some uncertainty. Therefore, thorough due diligence on local rental trends and property management costs is advised. In conclusion, the Section 8 program presents a viable option for rental investment in ZIP 59471, with careful consideration of the economic environment.
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.