Location: Hill County, MT | Metro: Hill County, MT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $890 |
| 1 Bedroom | $970 |
| 2 Bedrooms | $1,180 |
| 3 Bedrooms | $1,560 |
| 4 Bedrooms | $1,670 |
| 5 Bedrooms | $1,937 |
| 6 Bedrooms | $2,169 |
| 7 Bedrooms | $2,343 |
| 8 Bedrooms | $2,460 |
U.S. Census Bureau data (2024)
ZIP code 59530, located in Hill County, Montana, can be effectively integrated into a Section 8 portfolio strategy as a diversifier. The median income in this area is $61,875, which is higher than the national average but still within the range where many residents qualify for housing assistance programs.
The median home value in ZIP 59530 is $140,600, according to recent data. This figure is relatively low compared to other metropolitan areas, making it an attractive option for landlords participating in the Section 8 program. With a Fair Market Rent (FMR) of $1,140 for the fiscal year 2026, the gap between the market value and rental rates can provide a steady cash flow while also offering affordable housing to those who need it.
Despite the lack of specific data on the renter share and price-cut share, the low median home value and reasonable FMR suggest that this area could serve as a solid diversification play within a broader investment portfolio. It allows investors to balance their holdings with properties in more expensive markets.
The real estate tax burden in ZIP 59530 is also relatively light, with median real estate property taxes paid for housing units with no mortgage amounting to $2,275 in 2023, representing only 1.3% of the median home value. This further enhances the attractiveness of the area for landlords looking to minimize tax liabilities.
In conclusion, ZIP 59530 is best suited as a diversifier within a Section 8 portfolio due to its low median home value, reasonable FMR, and manageable real estate taxes. These factors make it a stable investment choice that complements properties in higher-cost markets.
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.