Location: Lake County, MT | Metro: Lake County, MT
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,200 |
| 1 Bedroom | $1,200 |
| 2 Bedrooms | $1,560 |
| 3 Bedrooms | $1,980 |
| 4 Bedrooms | $2,220 |
| 5 Bedrooms | $2,575 |
| 6 Bedrooms | $2,884 |
| 7 Bedrooms | $3,115 |
| 8 Bedrooms | $3,271 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,980 | $1,088,200 | 0.18% | F |
U.S. Census Bureau data (2024)
ZIP code 59910, located within the Lake County, MT metro, presents a unique set of characteristics compared to typical ZIP codes in the area. The Fair Market Rent (FMR) for 59910 stands at $1,540 for fiscal year 2026, which is a key figure for understanding the rental landscape under the Section 8 program. However, the market rent is not available, indicating that either there isn't enough data or the private rental market is less active in this particular ZIP code.
The median home value in 59910 is notably high at $885,563. This suggests that the housing stock in this area is predominantly composed of higher-end properties, possibly catering to a wealthier demographic or vacation homes, given the scenic location of Lake County. With such high home values, it's clear that 59910 leans towards being a premium sub-market within the larger Lake County metro.
Despite the premium nature of the housing market, 59910 has a significant 22.7% renter share. This could indicate that there is a substantial population of renters who might be eligible for Section 8 assistance, although the exact number is not provided. The combination of a high renter share and above-average home values doesn't necessarily signal a typical Section 8 sweet spot, where lower home values and higher renter shares often create value pockets for investors.
In summary, 59910 appears to be a premium sub-market within the Lake County, MT metro, characterized by high home values and a notable renter share. While the FMR aligns with the expectations for a premium market, the lack of market rent data complicates a direct comparison to other ZIP codes in the county. The significant renter share suggests potential interest from tenants seeking rental assistance, but the high home values imply a different type of investment opportunity, likely more suited to those interested in higher-end rentals or homeownership opportunities.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.