Location: Silver Bow County, MT | Metro: Silver Bow County, MT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $960 |
| 1 Bedroom | $1,080 |
| 2 Bedrooms | $1,280 |
| 3 Bedrooms | $1,780 |
| 4 Bedrooms | $2,080 |
| 5 Bedrooms | $2,413 |
| 6 Bedrooms | $2,703 |
| 7 Bedrooms | $2,919 |
| 8 Bedrooms | $3,065 |
U.S. Census Bureau data (2024)
The analysis of ZIP code 59748 reveals a unique landscape for both renters and landlords. Given the median income of $107,813, households in this area have a substantial financial cushion. However, the absence of specific market rate data (N/A) makes it challenging to assess the overall affordability without further context.
To provide clarity, we can look at the voucher payment standard set at $1,260 for the metro area during fiscal year 2026. This figure represents a significant portion of the median income but does not fully capture the financial capability of the average household. The fact that there are no renters reported (0.0%) and the total population is just 354 indicates a predominantly owner-occupied community, which could suggest limited rental demand.
The lack of renters implies low competition among landlords, as there are fewer individuals seeking rental housing. This scenario could benefit landlords who are willing to accept Section 8 vouchers, as they may find themselves with a steady tenant base despite the lower rents compared to market rates. For those considering cash-paying tenants, the high median income suggests potential for higher rental payments, assuming market rates reflect this economic strength.
Takeaway: Landlords in ZIP 59748 should consider the limited rental market and the potential benefits of accepting Section 8 vouchers, especially given the low competition. However, targeting cash-paying tenants might yield better returns if market rates are indeed reflective of the high median income. Landlords must weigh these factors carefully when deciding on their rental strategy.
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.