Location: Sanders County, MT | Metro: Sanders County, MT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $720 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $1,030 |
| 3 Bedrooms | $1,240 |
| 4 Bedrooms | $1,680 |
| 5 Bedrooms | $1,949 |
| 6 Bedrooms | $2,183 |
| 7 Bedrooms | $2,358 |
| 8 Bedrooms | $2,476 |
U.S. Census Bureau data (2024)
The economic landscape of ZIP code 59848 presents a unique challenge for both renters and landlords alike. With a median income of $37,188, households in this area face significant constraints when it comes to housing costs.
The market rate for rentals in ZIP 59848 is currently unavailable, which suggests a lack of comprehensive data on the local rental market. However, the Family Monthly Payment (FMR) standard set for voucher payments in the metro area for fiscal year 2026 stands at $1,000. This figure represents a critical benchmark for affordability in the region.
Given that only 19.5% of the population are renters and the total population is 81, the competition among landlords is relatively low compared to densely populated areas. Yet, the scarcity of rental properties means that those available must cater to the financial realities of potential tenants.
The affordability gap between the median income and the FMR standard highlights a key issue for renters in ZIP 59848. At $1,000, the voucher payment aligns closely with what the average household can afford, considering the median income. This alignment makes voucher recipients a viable tenant pool, offering stability and government-backed payments.
For landlords evaluating their strategies, the takeaway is clear. Given the limited number of renters and the financial situation of the typical household, accepting vouchers can be a prudent approach. It ensures a steady stream of income without the risk of vacancy that might arise from setting rents higher than what the majority can afford. Additionally, the competition for tenants is lower, making the choice to accept vouchers a strategic advantage in securing reliable occupants.
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.