Location: Mineral County, MT | Metro: Mineral County, MT HUD Metro FMR Area
| Unit Size | Monthly FMR |
|---|---|
| Studio | $970 |
| 1 Bedroom | $1,170 |
| 2 Bedrooms | $1,390 |
| 3 Bedrooms | $1,680 |
| 4 Bedrooms | $1,850 |
| 5 Bedrooms | $2,146 |
| 6 Bedrooms | $2,404 |
| 7 Bedrooms | $2,596 |
| 8 Bedrooms | $2,726 |
U.S. Census Bureau data (2024)
The ZIP code 59842, located in Haugan, MT, represents a small-sized, tight-knit residential area with approximately 125 residents. It is characterized by a moderate housing market, with median home values around $278,100. Despite the unusual negative figures for median household income, it is evident that this is a working-class area with an established, mature community.
In terms of rent economics, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,360. However, the market rent for the area is not available, which may indicate limited rental activity or data reporting.
Given the characteristics of Haugan, MT, it appears to be a suitable location for both hands-off voucher operators and hands-on value-add buyers. The high affordability of homeownership relative to local incomes suggests that voucher programs could effectively support tenants. Meanwhile, the moderate home values and potential for value appreciation make it an attractive option for those looking to invest actively in the area.
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.