Section 8 Fair Market Rent (FMR) for ZIP 59934 - 2027
Location: Lincoln County, MT | Metro: Lincoln County, MT
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $1,080 |
| 1 Bedroom | $1,130 |
| 2 Bedrooms | $1,230 |
| 3 Bedrooms | $1,700 |
| 4 Bedrooms | $2,020 |
| 5 Bedrooms | $2,343 |
| 6 Bedrooms | $2,624 |
| 7 Bedrooms | $2,834 |
| 8 Bedrooms | $2,976 |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$108,875
A skeptical investor might raise several concerns regarding the real estate market in ZIP 59934 (Trego, MT). Here are some common objections and the data that addresses them.
- Will FMR $1,200 (metro FY 2026) cover the mortgage on a $547,085 home?: According to Zillow, the average home value in ZIP 59934 is $547,085. To determine if the FMR of $1,200 will cover the mortgage, we need to consider current mortgage rates. As of the latest data, the average 30-year fixed mortgage rate is approximately 5%. This means the monthly principal and interest payment on a $547,085 home would be around $2,930, which is higher than the FMR. Therefore, the FMR alone will not cover the mortgage costs.
- Is there enough renter demand at 26.6%?: The renter demand in ZIP 59934 stands at 26.6%, indicating a moderate level of interest among renters. While this percentage suggests there is a base of potential renters, it may not be sufficient to ensure consistent occupancy. However, it's important to note that the demand for rental properties can vary widely depending on the specific characteristics of the property and the broader economic context.
- Will vouchers keep pace with $925 market rents?: The market rent in ZIP 59934 is $925. Whether housing vouchers will keep pace with these market rents depends on the federal funding and local administration. Based on recent trends, voucher amounts have been increasing but not always at the same rate as market rents. There is no definitive data to confirm if vouchers will exactly match the $925 market rent, but it is advisable to monitor local housing authority updates for any adjustments in voucher payments.
The data available provides insight into the real estate market dynamics in ZIP 59934, but it does not offer a complete picture for every concern. For instance, while we know the average home value and market rent, the exact alignment of housing vouchers with market rents requires further investigation into local housing policies and federal funding trends.
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.