Location: Sanders County, MT | Metro: Sanders County, MT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $790 |
| 1 Bedroom | $860 |
| 2 Bedrooms | $1,130 |
| 3 Bedrooms | $1,350 |
| 4 Bedrooms | $1,860 |
| 5 Bedrooms | $2,158 |
| 6 Bedrooms | $2,417 |
| 7 Bedrooms | $2,610 |
| 8 Bedrooms | $2,741 |
U.S. Census Bureau data (2024)
28.4% of residents in ZIP code 59831 are renters, indicating a significant portion of the population that could benefit from affordable housing options. With a Fair Market Rent (FMR) set at $1,120 for metro areas in fiscal year 2026, landlords can expect to receive this amount for Section 8 vouchers, providing a stable income stream. The market rent, as reported by the Census ACS, stands at $738, suggesting that properties renting above this figure but within the $1,120 FMR limit may still attract tenants while offering a higher return on investment. Despite the lack of data on median home values and days on market (DOM), the disparity between the FMR and market rent indicates potential opportunities for landlords willing to participate in the Section 8 program. The median income of $46,406 in ZIP 59831 suggests that many households may find it challenging to afford market rents without assistance, making the Section 8 program an attractive option for both tenants and property owners. Given the absence of information on the percentage of price-cut shares, it's crucial for investors to consider the local real estate market dynamics carefully. However, the available data points towards a scenario where the demand for affordable rental units is high, and the Section 8 program can serve as a reliable mechanism to fill this gap. In conclusion, for ZIP 59831, participating in the Section 8 program is a prudent strategy for landlords looking to stabilize their rental income and cater to a substantial segment of the local population.
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.