Location: Sanders County, MT | Metro: Sanders County, MT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $790 |
| 1 Bedroom | $870 |
| 2 Bedrooms | $1,140 |
| 3 Bedrooms | $1,360 |
| 4 Bedrooms | $1,870 |
| 5 Bedrooms | $2,169 |
| 6 Bedrooms | $2,429 |
| 7 Bedrooms | $2,623 |
| 8 Bedrooms | $2,754 |
U.S. Census Bureau data (2024)
The Section 8 housing market in ZIP code 59856, located in Sanders County, MT, presents a unique opportunity for investors. The HUD Fair Market Rent (FMR) for the area is set at $1,130 for the fiscal year 2026. However, the current market rent data is unavailable, which makes direct comparisons challenging.
Given the HUD FMR of $1,130, landlords can expect that voucher tenants will cashflow at this rate, assuming the market rent does not exceed it significantly. The median home value in the ZIP code stands at $255,288, leading to a rent-to-price ratio of approximately 0.44%. This ratio suggests that rental income could be a significant portion of the overall property value, making it attractive for investors focused on rental yields.
The lack of day median DOM (Days On Market) and percentage price-cut share data indicates that there might be limited recent sales activity or that these metrics are not applicable due to the nature of the market. In such cases, the stability of the housing market becomes a critical factor for investment decisions.
Stability is the strongest investor angle in ZIP 59856. The consistent HUD FMR and the relatively high median home value indicate a stable real estate market, which can provide predictable returns through rental income without the volatility often associated with rapidly changing markets.
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.