Location: Phillips County, MT | Metro: Phillips County, MT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $790 |
| 1 Bedroom | $890 |
| 2 Bedrooms | $1,030 |
| 3 Bedrooms | $1,340 |
| 4 Bedrooms | $1,700 |
| 5 Bedrooms | $1,972 |
| 6 Bedrooms | $2,209 |
| 7 Bedrooms | $2,386 |
| 8 Bedrooms | $2,505 |
U.S. Census Bureau data (2024)
The ZIP code 59546 presents a unique challenge for landlords and small-portfolio investors interested in Section 8 tenants. With a population of 191, only 1.8% of residents are renters, indicating that this area is predominantly homeowner-dominated rather than renter-heavy. This low percentage of renters suggests that the demand for rental properties using housing vouchers, such as Section 8, is likely to be scarce.
The median household income in ZIP 59546 is $49,107. While specific market rent figures are not available, we can infer that typical rent in this area would consume a significant portion of the local income. For example, if the average rent were around $1,000 per month, it would represent approximately 24.5% of the median household income. This is calculated by taking the monthly rent ($1,000) and dividing it by the annual median income ($49,107), then multiplying by 12 months to find the percentage of income spent on rent annually.
Comparing this to the Fair Market Rent (FMR) of $1,000 for FY 2026 in the metro area, we see that the typical rent aligns closely with the FMR. However, given the low percentage of renters, it's important to note that landlords may not encounter a large pool of Section 8 tenants. The scarcity of voucher holders means that landlords should expect tenants who are likely to be working and earning close to or above the median household income, thus able to afford higher rents without assistance.
In summary, ZIP 59546 is not an ideal location for those seeking a high concentration of Section 8 tenants. The area is characterized by a strong homeownership culture and limited rental market activity. Landlords should prepare for a tenant base that consists primarily of individuals or families capable of paying market rates without government subsidies, reflecting the economic realities of the region.
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.