Location: Ravalli County, MT | Metro: Ravalli County, MT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,090 |
| 1 Bedroom | $1,170 |
| 2 Bedrooms | $1,430 |
| 3 Bedrooms | $1,980 |
| 4 Bedrooms | $2,390 |
| 5 Bedrooms | $2,772 |
| 6 Bedrooms | $3,105 |
| 7 Bedrooms | $3,353 |
| 8 Bedrooms | $3,521 |
The market analysis for Section 8 investors in ZIP code 59835, located within the Ravalli County, MT metro area, reveals several key points that will impact investment decisions. The HUD Fair Market Rent (FMR) for the metro scope in fiscal year 2026 is set at $1,420. However, due to the lack of available market rent data, it's challenging to provide a direct comparison. Based on the HUD FMR alone, voucher tenants would likely cashflow at the FMR rate, assuming the FMR is reflective of the actual market conditions.
The median home value in the area is also not available, which means deriving an exact rent-to-price ratio is not feasible. However, it's important to note that without this data, investors should be cautious about relying solely on housing values for investment strategies. Instead, focusing on rental income and expenses might yield better insights into potential returns.
With no data on the average days on market (DOM) or the percentage of homes that required price cuts, it's difficult to assess the current buy-versus-rent dynamics. These metrics are crucial for understanding how quickly properties sell and if there's a need to adjust asking prices, both of which can influence the attractiveness of rental versus homeownership options.
In summary, given the limited data, the strongest investor angle in ZIP 59835 appears to be cashflow. With voucher tenants able to cover the FMR, investors can focus on managing costs effectively to ensure profitability. This approach is particularly prudent when specific market data is unavailable, as it allows for a more straightforward assessment of rental income potential.
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.