Location: Blaine County, MT | Metro: Blaine County, MT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $940 |
| 1 Bedroom | $970 |
| 2 Bedrooms | $1,230 |
| 3 Bedrooms | $1,550 |
| 4 Bedrooms | $1,970 |
| 5 Bedrooms | $2,285 |
| 6 Bedrooms | $2,559 |
| 7 Bedrooms | $2,764 |
| 8 Bedrooms | $2,902 |
U.S. Census Bureau data (2024)
ZIP code 59535 presents an intriguing balance between yield and stability, making it a market worth considering for both high-yield seekers and those aiming for steady cash flow. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is projected at $1,230, while the market rent stands at $1,094. This indicates that rental properties in this ZIP code can command a premium over the average market rate, suggesting a higher potential yield for landlords.
The discrepancy between FMR and market rent points towards a demand-supply imbalance, where tenants are willing to pay above the fair market value to secure housing. This dynamic often characterizes areas with limited inventory or high tenant competition, which can be advantageous for landlords looking to maximize returns.
Stability in ZIP 59535 is primarily driven by the significant proportion of renters, with 81.3% of the population occupying rental units. High renter occupancy rates generally translate into consistent demand for rental properties, reducing the risk of vacancies and ensuring a steady stream of rental income. However, the lack of data on days on market (DOM) and median household income introduces some uncertainty regarding the overall financial health and stability of the tenant base.
In summary, ZIP 59535 leans more towards a high-yield market given the premium that rental properties can command. Despite the absence of certain metrics, the strong rental market presence suggests a stable environment for generating cash flow. Landlords should leverage the higher rents to offset any risks associated with the missing data on income levels and DOM, thereby optimizing their investment strategy in this area.
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.