Section 8 Fair Market Rent (FMR) for ZIP 59724 - 2027
Location: Beaverhead County, MT | Metro: Beaverhead County, MT
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $830 |
| 1 Bedroom | $990 |
| 2 Bedrooms | $1,080 |
| 3 Bedrooms | $1,500 |
| 4 Bedrooms | $1,810 |
| 5 Bedrooms | $2,100 |
| 6 Bedrooms | $2,352 |
| 7 Bedrooms | $2,540 |
| 8 Bedrooms | $2,667 |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$59,375
When considering whether to invest in ZIP code 59724 for Section 8 properties, follow this decision tree:
- 1) Does FMR $1,070 clear debt service on a property?
- Yes: If your debt service is less than $1,070, then the Fair Market Rent (FMR) for the metro area in fiscal year 2026 can cover your mortgage and other costs.
- No: If your debt service exceeds $1,070, the FMR will not be sufficient to cover your financial obligations. This makes the ZIP code unsuitable for Section 8 investment.
- 2) Is market rent $1,275 above, at, or below FMR?
- Above FMR: With a market rent of $1,275, you would need to consider if the additional revenue justifies the risk of not qualifying for Section 8 tenants. Landlords might prefer higher market rents if they do not rely solely on Section 8 vouchers.
- At or Below FMR: If the market rent is close to or below the FMR, then Section 8 properties can be competitive in the rental market, attracting both voucher holders and regular tenants.
- 3) Are 64.9% renters + N/A-day Days on Market (DOM) enough demand?
- It Depends: The high percentage of renters at 64.9% suggests strong demand for rental properties. However, without knowing the average DOM, it's difficult to gauge how quickly properties are rented out. A low DOM indicates swift leasing, which is positive for cash flow and investment viability.
To make an informed decision, ensure that the FMR covers your debt service and evaluate the balance between market rent and FMR. Additionally, assess the rental demand by considering the percentage of renters and the DOM. These factors will guide your investment strategy in ZIP 59724.
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.