Location: Madison County, MT | Metro: Madison County, MT
| 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 |
U.S. Census Bureau data (2024)
ZIP code 59751, located in the Madison County, MT metro area, can serve as an effective diversifier within a Section 8 portfolio strategy. This classification is based on the significant renter share and median income levels in the area.
The renter share of 19.0% indicates that a considerable portion of the population relies on rental housing, which aligns well with the goals of a Section 8 program. Landlords and small-portfolio investors who include properties in ZIP 59751 can expect steady demand from tenants eligible for Section 8 assistance. The median income of $55,938 suggests a moderate economic base, providing a stable tenant pool without the volatility often seen in areas with extreme wealth disparities.
While specific market data such as market rents and median home values are currently unavailable, the absence of these figures does not detract from the potential of ZIP 59751 as a diversifier. The Federal Market Rent (FMR) for the Madison County, MT metro area in fiscal year 2026 is set at $1,510. Given the lack of market data, the FMR serves as a reliable benchmark for setting rental rates that are both affordable and sustainable for Section 8 participants.
Inclusion of ZIP 59751 in a Section 8 portfolio strategy allows investors to balance their holdings with a mix of cash-flow anchors and appreciation plays. This ZIP code's characteristics ensure it does not act as a cash-flow anchor due to the unknown market rents and median home values, nor is it an obvious appreciation play given the missing data on price-cut shares and days on market (DOM).
Investors should focus on the long-term stability that ZIP 59751 offers as a diversifier. By doing so, they can mitigate risks associated with over-reliance on either cash-flow or appreciation strategies, thereby creating a balanced and resilient investment portfolio.
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.