Section 8 Fair Market Rent (FMR) for ZIP 59641 - 2027

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,230
1 Bedroom	$1,620
2 Bedrooms	$1,760
3 Bedrooms	$2,260
4 Bedrooms	$2,580
5 Bedrooms	$2,993
6 Bedrooms	$3,352
7 Bedrooms	$3,620
8 Bedrooms	$3,801

Based on the available data, ZIP 59641, located in Radersburg, MT, presents a unique profile for real estate investment analysis. The demographic information is limited, with specific figures for population, percentage of renters, median income, and median home value not being readily available. This lack of detailed data points to a smaller, possibly rural community where comprehensive statistics are less frequently updated or reported.

The Federal Market Rent (FMR) for ZIP 59641 stands at $1,750 for the metro fiscal year 2026. While the exact market rent figure is not provided, it's crucial to compare this against the FMR to gauge the potential for Section 8 properties. If the market rent is higher than the FMR, landlords can expect to see a premium when renting to non-voucher tenants, which can balance out the administrative aspects of participating in the Section 8 program.

In evaluating whether ZIP 59641 suits a hands-off voucher operator or a hands-on value-add buyer, the answer lies in the specifics of the local rental market and property conditions. For hands-off operators, the stability of Section 8 payments and the reduced risk of vacancy can be attractive, especially if the area has a high demand for subsidized housing. However, the absence of detailed market rent data makes it challenging to assess the comparative advantage of hands-off operations over market-rate rentals.

For hands-on value-add buyers, the opportunity to improve properties and potentially command higher rents above the FMR could present an appealing scenario. However, this strategy requires a deeper understanding of the local market, including factors such as the condition of existing properties, the potential for renovations, and the overall demand for housing in the area.

Given the incomplete data, particularly regarding the percentage of renters and median income, further research would be necessary to make a fully informed decision. Landlords and investors should consider reaching out to local real estate agents or conducting a more targeted search to gather additional insights into the ZIP 59641 market dynamics.

Data Sources: FMR data from HUD (2027).

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.