Location: Missoula, MT | Metro: Missoula, MT HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,110 |
| 1 Bedroom | $1,360 |
| 2 Bedrooms | $1,600 |
| 3 Bedrooms | $2,220 |
| 4 Bedrooms | $2,670 |
| 5 Bedrooms | $3,097 |
| 6 Bedrooms | $3,469 |
| 7 Bedrooms | $3,747 |
| 8 Bedrooms | $3,934 |
U.S. Census Bureau data (2024)
The ZIP code 59812 stands out due to its unique characteristics that distinguish it from other areas. With only 1,181 residents, this ZIP is relatively small but entirely composed of renters, making up 100.0% of its housing units. The lack of available data on median income and median home value suggests that this area might be less developed or has a transient population, which could affect long-term investment strategies.
In terms of voucher economics, the Fair Market Rent (FMR) for ZIP 59812 is set at $1200 for the fiscal year 2024. This figure is crucial for landlords and small-portfolio investors as it represents the maximum amount the government will pay for rent through the Section 8 program. However, the absence of market rent data makes it challenging to gauge how competitive this FMR is within the local rental market.
The data signature for ZIP 59812 reads as transitional. The high percentage of renters and the limited demographic data indicate a potentially dynamic environment where population changes could impact housing demand and rental prices. Landlords should remain vigilant about local trends and policy changes that could influence the stability and profitability of their investments in this ZIP code.
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.