Location: Broadwater County, MT | Metro: Broadwater County, MT HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,240 |
| 1 Bedroom | $1,520 |
| 2 Bedrooms | $1,770 |
| 3 Bedrooms | $2,350 |
| 4 Bedrooms | $2,630 |
| 5 Bedrooms | $3,051 |
| 6 Bedrooms | $3,417 |
| 7 Bedrooms | $3,690 |
| 8 Bedrooms | $3,875 |
U.S. Census Bureau data (2024)
The ZIP code 59643, located within the Broadwater County, MT HUD Metro FMR Area, presents a unique profile when compared against typical metrics observed in the region. With a Fair Market Rent (FMR) of $1,780 for the fiscal year 2026, it stands out due to the lack of available market rent data, suggesting that rental pricing may not be fully reflective of the broader housing market dynamics.
The median home value in ZIP 59643 is listed at $500,964, which is notably higher than what might be considered average for the county. This suggests that the area has a relatively affluent demographic, likely attracting higher-income residents who can afford such property values. However, the 5.6% renter share indicates a lower proportion of renters compared to owners, which contrasts with areas where rental markets thrive due to affordability or other factors.
In the context of Broadwater County, MT HUD Metro FMR Area, ZIP 59643 emerges as a premium sub-market. The high median home value combined with a moderate FMR points to an environment where homeownership is more prevalent among those with substantial financial means. The absence of market rent data could imply that the rental market is less developed or that rental properties are scarce, possibly due to the preference for homeownership among residents.
Given the specifics, there's no immediate signal of a Section 8 sweet spot. A typical sweet spot would exhibit a high renter share coupled with below-average home values, indicating potential for subsidized housing programs. In ZIP 59643, the renter share is low, and the home values are above average, making it less attractive for investors seeking opportunities specifically tied to Section 8 funding unless they can identify a niche within the existing rental market or anticipate changes in the local economy that could alter these dynamics.
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.