Section 8 Fair Market Rent (FMR) for ZIP 59743 - 2027
Location: Silver Bow County, MT | Metro: Beaverhead County, MT
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $1,040 |
| 1 Bedroom | $1,090 |
| 2 Bedrooms | $1,390 |
| 3 Bedrooms | $1,870 |
| 4 Bedrooms | $2,330 |
| 5 Bedrooms | $2,703 |
| 6 Bedrooms | $3,027 |
| 7 Bedrooms | $3,269 |
| 8 Bedrooms | $3,432 |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$N/A
The ZIP code 59743, located in Montana, presents several challenges that a skeptical investor might raise regarding its suitability for Section 8 real estate investments.
- Will FMR $1,350 (metro FY 2026) cover the mortgage on a N/A home?: Data suggests that median home values in ZIP 59743 are lower compared to urban areas, but without specific figures, it's difficult to determine if the Fair Market Rent (FMR) of $1,350 will sufficiently cover mortgage payments. However, given the rural nature of the area, the cost of living and property values are generally lower, which could mean that a $1,350 rental income might be adequate for covering mortgage expenses.
- Is there enough renter demand at 28.4%?: With only 28.4% of households being renters, the demand for rental properties is relatively low. This could make it challenging to fill units consistently. However, the demographic makeup of the area, which includes a significant portion of Native Americans and other ethnic groups, may indicate a need for affordable housing options, potentially driving demand for Section 8 properties.
- Will vouchers keep pace with $955 market rents?: While the average market rent of $955 is below the FMR, the question remains whether the voucher amounts will increase to match future rent hikes. Given the historical trend of federal funding for housing vouchers, it's reasonable to expect that voucher amounts will adjust to some degree, though not necessarily perfectly align with market rents. Investors should monitor local and federal housing policies closely.
The data available does not provide comprehensive answers to all these questions. For instance, specific median home values and detailed trends in housing voucher adjustments are not readily accessible. Therefore, further research into local real estate markets and government policies is recommended before making investment decisions.
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.