Location: Hill County, MT | Metro: Hill County, MT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,040 |
| 1 Bedroom | $1,110 |
| 2 Bedrooms | $1,360 |
| 3 Bedrooms | $1,890 |
| 4 Bedrooms | $2,010 |
| 5 Bedrooms | $2,332 |
| 6 Bedrooms | $2,612 |
| 7 Bedrooms | $2,821 |
| 8 Bedrooms | $2,962 |
U.S. Census Bureau data (2024)
46.2% of residents in ZIP code 59532 are renters, indicating a significant demand for rental properties in the area. In contrast to the median home value and market rent data, which are currently unavailable, the Federal Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,350, providing a clear benchmark for landlords and small-portfolio investors. This figure suggests that properties priced at or below $1,350 could be attractive to tenants seeking housing assistance through the Section 8 program.
$58,333 stands as the median income for ZIP 59532, offering insight into the economic conditions of the local population. While the median income alone does not dictate rental rates, it is an important factor in determining the eligibility of potential tenants for the Section 8 Housing Choice Voucher program. The lack of data on days on market (DOM) and the percentage of price-cut shares leaves some uncertainty about the current rental market dynamics, but the high renter share points to a robust need for affordable housing solutions.
The $1,350 FMR is particularly noteworthy for landlords considering participation in the Section 8 program. It provides a stable and predictable source of income, protected from market fluctuations that can impact other investment types. However, it's crucial to note that this figure represents the maximum amount the government will pay towards a tenant's rent, meaning landlords must ensure their property values align with this cap to maximize occupancy and avoid vacancies.
A one-line Section 8 verdict for ZIP code 59532 would be: Given the 46.2% renter share and the established $1,350 FMR, the Section 8 program presents a viable and potentially lucrative option for landlords looking to capitalize on the strong rental market demand.
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.