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)
0.0% of the residents in ZIP code 59867 are renters, indicating a predominantly owner-occupied area. This statistic directly impacts the potential demand for rental properties, suggesting that landlords might face challenges in finding tenants. Additionally, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,360, which provides a benchmark for rental pricing but does not reflect actual market conditions due to the lack of available market rent data. The absence of median home value and median income figures further complicates the analysis, as these would typically help in understanding the economic context and affordability of the housing market. Without specific data on days on market (DOM) and the percentage of listings that have had their prices cut, it's difficult to gauge the current state of the property market and how quickly rentals might be filled or sold. However, the low renter share suggests that even if properties are listed at the FMR, there may not be sufficient demand to sustain high occupancy rates. In conclusion, based on the limited data available for ZIP code 59867, the Section 8 program could serve as a critical support mechanism for maintaining occupancy levels, given the scarcity of renters in the area.
Section 8 Verdict: Essential for sustaining occupancy in an area with a 0.0% renter share.
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.