Section 8 Fair Market Rent (FMR) for ZIP 59719 - 2027

Location: Bozeman, MT | Metro: Bozeman, MT MSA

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$1,470
1 Bedroom	$1,610
2 Bedrooms	$2,110
3 Bedrooms	$2,920
4 Bedrooms	$3,490
5 Bedrooms	$4,048
6 Bedrooms	$4,534
7 Bedrooms	$4,897
8 Bedrooms	$5,142

The ZIP code 59719 in Unknown, MT, presents an interesting challenge for landlords and small-portfolio investors due to limited available data on population and income levels. However, we can still analyze the potential impact of Section 8 tenants on the local rental market.

Given that the percentage of renters and median household income are marked as 'N/A', it's difficult to ascertain whether this is a renter-heavy area with significant voucher demand or a region dominated by homeowners. To make an informed decision, consider the following:

Rental Market Dynamics: Without specific figures, the depth of voucher demand cannot be quantified. However, if the area has a high concentration of low-income families, there could be substantial interest in Section 8 housing.
Market Rent vs. Income: Since both the market rent and median income are unavailable, direct comparisons cannot be made. Yet, understanding the local economic conditions is crucial for gauging how much of the average income might go towards rent.
Fair Market Rent Comparison: The Fair Market Rent (FMR) for the area is set at $2,150 for fiscal year 2026, which serves as a benchmark for what is considered affordable in the metro area. Landlords should aim to keep rents around or below this figure to attract and retain tenants who rely on vouchers.

The expected tenant profile in ZIP 59719 would likely include individuals and families with incomes that qualify them for the Section 8 program. These tenants would have a monthly rent budget capped by the FMR, meaning they would seek properties that offer value and meet their needs within the $2,150 limit. Landlords should prepare for tenants who may require assistance with rent payments and ensure compliance with HUD regulations.

To provide a more concrete analysis, further investigation into local demographics and rental trends would be necessary. Engaging with local real estate agents or conducting a detailed survey of the area could yield more precise insights into the tenant pool and rental 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.