Location: Lincoln County, MT | Metro: Lincoln 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 | $1,040 |
| 1 Bedroom | $1,200 |
| 2 Bedrooms | $1,320 |
| 3 Bedrooms | $1,830 |
| 4 Bedrooms | $2,140 |
| 5 Bedrooms | $2,482 |
| 6 Bedrooms | $2,780 |
| 7 Bedrooms | $3,002 |
| 8 Bedrooms | $3,152 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,200 | $362,305 | 0.33% | F |
| 2BR | $1,320 | $465,259 | 0.28% | F |
| 3BR | $1,830 | $575,329 | 0.32% | F |
| 4BR | $2,140 | $709,956 | 0.3% | F |
U.S. Census Bureau data (2024)
The ZIP code 59930, located in Trego, Montana, stands out within Lincoln County due to its unique demographic and economic profile. With a total population of 1,220 residents, it has a rental rate of 27.9%, which is notably higher than the national average. The median household income in this area is $61,923, reflecting a moderate level of financial stability among its inhabitants. However, the median home value of $497,933 is significantly higher compared to the typical home values in rural areas, suggesting a strong local housing market.
When considering the Section 8 program, the data reveals an interesting dynamic. The Fair Market Rent (FMR) for the metro area for fiscal year 2026 is set at $1,460, while the actual market rent, according to the Census American Community Survey (ACS), is $1,063. This discrepancy indicates that landlords participating in the Section 8 program can expect a higher rent reimbursement than the current market rates. For instance, a landlord with a property renting for $1,063 per month would receive the FMR rate of $1,460, effectively subsidizing the cost for low-income tenants and providing a financial advantage for landlords.
The data signature for ZIP 59930 suggests a relatively stable environment. Despite the higher rental rate, the median income and home values indicate a balanced economy where both homeownership and renting remain accessible options for residents. The higher FMR compared to the market rent also implies that the government is recognizing the need to support affordable housing in this area, potentially leading to increased participation in the Section 8 program. This could further stabilize the rental market by ensuring a steady stream of tenants who can afford to live in the area without financial strain.
In summary, ZIP 59930 presents a stable environment for landlords and small-portfolio investors. The higher FMR reimbursement offers a financial incentive for participating in the Section 8 program, making it a viable option for those looking to invest in a secure and supportive community.
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.