Location: Ravalli County, MT | Metro: Ravalli County, MT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,020 |
| 1 Bedroom | $1,090 |
| 2 Bedrooms | $1,330 |
| 3 Bedrooms | $1,840 |
| 4 Bedrooms | $2,220 |
| 5 Bedrooms | $2,575 |
| 6 Bedrooms | $2,884 |
| 7 Bedrooms | $3,115 |
| 8 Bedrooms | $3,271 |
U.S. Census Bureau data (2024)
The ZIP code 59827, located within the Ravalli County, MT metro, presents a unique set of characteristics compared to other ZIP codes in the same county. With a Fair Market Rent (FMR) of $1,320 for fiscal year 2026, it significantly exceeds the average market rent of $622. This suggests that 59827 is positioned as a premium sub-market within the metro, offering higher rents which align with the expectations of the Section 8 program.
The median home value in 59827 stands at $536,399, which is notably higher than what might be considered typical for many ZIP codes within Ravalli County. This high valuation indicates a strong real estate market, potentially attracting higher-income residents and investors looking for properties with appreciation potential.
A key indicator for Section 8 landlords and small-portfolio investors is the renter share, which is 13.0% in 59827. While this percentage is not extraordinarily high, it does suggest a moderate presence of renters, which could provide a stable demand for rental properties. However, the disparity between the FMR and the actual market rent implies that there is a significant opportunity for landlords to participate in the Section 8 program, given the higher subsidy levels available in this ZIP code.
To further contextualize 59827 within the broader Ravalli County, MT metro, it's important to note that its characteristics diverge from the typical ZIP code in several ways. The combination of a high FMR and a lower-than-average market rent creates a scenario where landlords can potentially receive higher subsidies while renting out their properties at rates below the FMR. Additionally, the high median home value contrasts with the relatively low market rent, indicating a possible sweet spot for Section 8 participation, where investors can find affordable rental opportunities within a generally expensive housing market.
In summary, ZIP code 59827 is best classified as a premium sub-market within the Ravalli County, MT metro, characterized by its high FMR and median home value. For landlords and small-portfolio investors, this ZIP code offers a favorable environment for participating in the Section 8 program, thanks to the significant gap between the FMR and the market rent, alongside a moderate renter share that ensures steady demand for rental units.
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.