Section 8 Fair Market Rent (FMR) for ZIP 59527 - 2027
Location: Blaine County, MT | Metro: Blaine County, MT
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $920 |
| 1 Bedroom | $950 |
| 2 Bedrooms | $1,210 |
| 3 Bedrooms | $1,460 |
| 4 Bedrooms | $1,990 |
| 5 Bedrooms | $2,308 |
| 6 Bedrooms | $2,585 |
| 7 Bedrooms | $2,792 |
| 8 Bedrooms | $2,932 |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$54,500
The ZIP code 59527, located in Montana, offers a unique blend of rural charm and access to urban amenities, making it an intriguing market for real estate investment. The area's mix of natural beauty and community facilities presents opportunities for both single-family homes and rental properties.
- Fair Market Rent: The Fair Market Rent (FMR) for a two-bedroom apartment in the metropolitan area for fiscal year 2026 is set at $1,260. This figure provides a benchmark for rental pricing in the region, ensuring that landlords can set competitive rates that also cover costs.
- Market Rent: According to Census ACS data, the average market rent for the area is $625, indicating a lower baseline compared to the FMR. This suggests potential for rental growth if the market adjusts to reflect the higher FMR.
- Renter Share: A significant portion of the population, 42.0%, consists of renters, highlighting a strong demand for rental housing in the area. This high percentage supports the viability of rental investments.
- Median Home Value: There is currently no available data on the median home value for ZIP 59527, which could imply a smaller number of home sales or limited data points. However, the focus on rental properties remains a solid strategy given the high renter share.
- Days on Market (DOM): The lack of specific DOM data makes it challenging to assess the speed of property sales. Nonetheless, the strong rental market suggests that properties listed for rent will likely attract tenants quickly.
- Median Income: The median household income in ZIP 59527 is $54,500, providing insight into the economic conditions of potential tenants and buyers. This income level supports a range of affordable rental options.
Synthesizing these points, ZIP 59527 represents a promising market for rental investments, particularly for units priced near the FMR. With a substantial renter population and median incomes that support affordability, there is a robust demand for rental housing. Landlords should consider setting rents closer to the FMR to maximize returns while remaining competitive. Although specific data on home values and DOM are lacking, the overall economic profile and rental trends indicate a favorable environment for small-portfolio investors seeking stable cash flows.
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.