Location: Powell County, MT | Metro: Powell County, MT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $890 |
| 1 Bedroom | $1,070 |
| 2 Bedrooms | $1,170 |
| 3 Bedrooms | $1,620 |
| 4 Bedrooms | $1,920 |
| 5 Bedrooms | $2,227 |
| 6 Bedrooms | $2,494 |
| 7 Bedrooms | $2,694 |
| 8 Bedrooms | $2,829 |
U.S. Census Bureau data (2024)
The real estate market in ZIP 59728 presents a unique set of conditions that landlords and small-portfolio investors should consider. With a median home value of $426,257, the area reflects a stable housing price environment. The fact that the percentage of listings reduced and the median days on market (DOM) are not available suggests a steady market with little fluctuation in pricing power. This implies that landlords can maintain current rental rates without significant adjustments, assuming the market remains consistent.
On the rental side, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is projected at $1,190. However, the current market rent stands at $775, according to Census ACS data. This discrepancy indicates potential upward pressure on rental rates as the market adjusts towards the FMR. Investors should prepare for gradual increases in rental income as the local market aligns with broader regional trends.
For long-term holding strategies, the data implies a realistic appreciation thesis. Given the stable median home values and the gap between current rents and projected FMRs, there is an opportunity for capital appreciation. As the local economy grows and aligns with regional rental trends, property values could rise to reflect higher demand and increased rental income potential. Long-term investors can expect a modest but steady increase in their asset values, contingent upon the local economic performance and population growth trends.
A key consideration for investors is the balance between rental income and property value appreciation. While the current median home value is solid, the potential for rental rate increases offers a dual-income benefit. By maintaining properties in good condition and adjusting rents in line with market trends, landlords can ensure a steady stream of income and position themselves for future value gains.
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.