Location: Beaverhead County, MT | Metro: Beaverhead County, MT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $840 |
| 1 Bedroom | $990 |
| 2 Bedrooms | $1,100 |
| 3 Bedrooms | $1,520 |
| 4 Bedrooms | $1,840 |
| 5 Bedrooms | $2,134 |
| 6 Bedrooms | $2,390 |
| 7 Bedrooms | $2,581 |
| 8 Bedrooms | $2,710 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 59746 in the fiscal year 2026 is set at $1,120. This figure represents the payment standard for landlords participating in the Section 8 program, which is the Housing Choice Voucher Program managed by the U.S. Department of Housing and Urban Development (HUD). It's important to note that this is not the amount you would charge tenants as rent; rather, it's the maximum amount HUD will pay toward a tenant's rent based on the voucher they hold.
In ZIP 59746, the local median gross rent is currently listed as N/A, which means there isn't enough data available to determine an exact median rent for the area. However, the FMR serves as a benchmark for determining the reasonableness of rent charges in the absence of local data. The FMR is calculated based on the larger metro area, ensuring that rents remain affordable for low-income families.
The 10.3% renter share indicates that a significant portion of the population in this ZIP code relies on renting as their primary form of housing. This suggests a steady demand for rental properties, including those under the Section 8 program. Landlords can expect a consistent pool of potential tenants who qualify for vouchers and are looking for affordable housing options.
If you're considering purchasing a property to use as a Section 8 rental, the average acquisition cost in this ZIP code is approximately $457,893. This figure reflects the typical price range for a property suitable for rental purposes. Before finalizing your decision, it's crucial to verify that the property meets all local and federal standards for health and safety. HUD requires that all Section 8 properties pass a thorough inspection to ensure they are up to par, which includes checking for issues like lead-based paint hazards and other structural concerns.
Participating in the Section 8 program can be a rewarding way to provide affordable housing while maintaining a stable income. With an FMR of $1,120 and a known demand from renters, landlords in ZIP 59746 can plan their finances accordingly. Just remember, the FMR does not represent the total rent you can charge but rather the cap on the subsidy provided by HUD. Your total rent should still be reasonable and competitive within the market to attract tenants.
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.