Location: Hill County, MT | Metro: Blaine County, MT
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $890 |
| 1 Bedroom | $970 |
| 2 Bedrooms | $1,180 |
| 3 Bedrooms | $1,560 |
| 4 Bedrooms | $1,920 |
| 5 Bedrooms | $2,227 |
| 6 Bedrooms | $2,494 |
| 7 Bedrooms | $2,694 |
| 8 Bedrooms | $2,829 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,180 | $151,668 | 0.78% | D |
| 3BR | $1,560 | $251,360 | 0.62% | D |
| 4BR | $1,920 | $299,494 | 0.64% | D |
U.S. Census Bureau data (2024)
The median income in ZIP 59523, which encompasses Chinook, MT, stands at $73,906. This figure provides a baseline understanding of the financial capacity of the average household in the area. Given the market rate rent of $739, as reported by the Census ACS, a household in Chinook can indeed afford the typical rental costs without significant strain on their budget. However, when compared to the Federal Market Rent (FMR) standard of $1,160 for the metro area in fiscal year 2026, the disparity becomes evident.
The difference between the actual market rate ($739) and the FMR standard ($1,160) indicates a substantial affordability gap for potential renters. This gap means that landlords in Chinook will face competition from properties that accept Section 8 vouchers, as these vouchers can cover higher rents than what the market currently demands. The 24.5% of residents who are renters, out of a total population of 2,356, suggests a modest but stable demand for rental housing.
For landlords considering whether to accept Section 8 vouchers or focus on cash-paying tenants, the data points to a strategic decision. Accepting vouchers could secure longer-term tenancy and a steady income stream, albeit at a lower rate than the FMR would suggest. On the other hand, focusing on cash-paying tenants might allow for higher rents, but it could also increase vacancy rates if the number of voucher holders seeking housing exceeds the supply of voucher-accepting units.
In conclusion, while the median income supports the ability to pay market-rate rent, the FMR standard highlights an opportunity for landlords to participate in the Section 8 program. Doing so could help attract and retain tenants in a competitive market where the gap between local rents and federally subsidized rates is wide. Landlords should weigh the benefits of voucher stability against the potential for higher cash rents, keeping in mind the size of the rental market and the likelihood of voucher holder demand.
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.