Section 8 Fair Market Rent (FMR) for ZIP 59544 - 2027

Location: Phillips County, MT | Metro: Phillips County, MT

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$920
1 Bedroom	$1,110
2 Bedrooms	$1,210
3 Bedrooms	$1,660
4 Bedrooms	$1,980
5 Bedrooms	$2,297
6 Bedrooms	$2,573
7 Bedrooms	$2,779
8 Bedrooms	$2,918

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

207

Median Household Income

$39,583

Housing Units

124

Renter Percentage

53.3%

Occupancy Rate

72.6%

Renter Occupied

The ZIP code 59544, located in the heart of rural Montana, offers a unique blend of natural beauty and small-town charm that attracts both permanent residents and seasonal visitors. This area is characterized by its low population density and reliance on agriculture and tourism, making it an intriguing market for real estate investment.

Fair Market Rent (FMR): The FMR for ZIP 59544 is set at $1,220 for the fiscal year 2026, indicating a stable rental market that is expected to maintain its value over time.
Market Rent: According to Census ACS data, the average market rent stands at $270, significantly below the FMR, suggesting potential for rental price increases.
Renter Share: With 53.3% of households being renters, there is a strong demand for rental properties, making it a favorable environment for landlords and small-portfolio investors.
Median Income: The median household income in ZIP 59544 is $39,583, which aligns well with the current rental prices, ensuring affordability for the majority of tenants.
Days on Market (DOM): Due to limited real estate listings, the DOM data is not available, but this scarcity can imply a competitive market for property acquisition.
Median Home Value: Data on the median home value is not available, likely due to the sparsely populated nature of the area, which can make it challenging to determine residential property values.

Investors looking to enter the ZIP 59544 real estate market should focus on rental properties given the high renter share and the gap between market rent and the FMR. The stable income levels suggest that tenants will be able to afford higher rents, potentially leading to increased profitability. While the lack of DOM and median home value data presents challenges in assessing the overall health of the housing market, the demand for rentals is evident, providing a solid foundation for investment. Landlords and small-portfolio investors should consider the long-term stability and growth potential of this area, leveraging the upcoming FMR adjustments to their advantage.

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.