Location: Lake County, MT | Metro: Lake County, MT
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,120 |
| 1 Bedroom | $1,120 |
| 2 Bedrooms | $1,450 |
| 3 Bedrooms | $1,820 |
| 4 Bedrooms | $2,050 |
| 5 Bedrooms | $2,378 |
| 6 Bedrooms | $2,663 |
| 7 Bedrooms | $2,876 |
| 8 Bedrooms | $3,020 |
U.S. Census Bureau data (2024)
ZIP 59929, located in Lake County, MT, is best suited as a cash-flow anchor within a Section 8 portfolio strategy. The median Fair Market Rent (FMR) for the metro area in fiscal year 2026 is $1,440, while the median home value stands at $655,793. This significant spread between rental income and property value indicates that properties in this ZIP code can provide steady, reliable cash flow.
The high median home value suggests that the cost of acquisition will be substantial. However, the consistent rental income at $1,440 per month can offset these costs, ensuring that the investment remains profitable over time. With a median income of $101,250, there is a strong likelihood of stable tenant populations who can afford to pay the set rents.
While the ZIP code does not show strong indicators for appreciation or rapid price increases, its role as a cash-flow anchor is critical for any diversified portfolio. It provides a solid base of predictable returns, which can balance out riskier investments focused on capital appreciation. Additionally, the 4.0% renter share indicates that the majority of residents own their homes, suggesting a mature and stable housing market.
In summary, ZIP 59929 serves as a reliable cash-flow anchor due to its high median home value and consistent rental income, making it a valuable addition to a Section 8 portfolio strategy for landlords and small-portfolio investors.
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.