Location: Missoula, MT | Metro: Missoula, MT HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,180 |
| 1 Bedroom | $1,430 |
| 2 Bedrooms | $1,690 |
| 3 Bedrooms | $2,340 |
| 4 Bedrooms | $2,820 |
| 5 Bedrooms | $3,271 |
| 6 Bedrooms | $3,664 |
| 7 Bedrooms | $3,957 |
| 8 Bedrooms | $4,155 |
1200 is the Fair Market Rent (FMR) for ZIP 59806 in fiscal year 2024, indicating the maximum amount Section 8 participants can pay for housing. Despite the lack of detailed market rent, median home value, and other specific figures for this ZIP code, the FMR provides a clear benchmark for rental pricing.
The absence of data such as median home value, median income, days on market (DOM), and price-cut share suggests limited activity or reporting in this area. This could imply a stable market with little fluctuation or a smaller pool of transactions.
Given the isolated nature of ZIP 59806, which is located in Montana, the low volume of data aligns with the rural character of the region. The $1200 FMR is the primary figure to consider for potential rental investments under the Section 8 program.
To conclude, while there is insufficient data to provide a comprehensive analysis, the $1200 FMR for Section 8 participants in ZIP 59806 remains the critical metric for evaluating rental investments. This ZIP code is suitable for Section 8 tenants but may not offer extensive opportunities for conventional real estate investment due to data limitations.
Section 8 verdict: Suitable for Section 8 investments, with limited conventional real estate data available.
Data Sources: FMR data from HUD (2027).
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.