Housing market/Montana/ZIP 59401
ZIP 59401 Great Falls, Montana
Great Falls, MT MSA · Montana. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.
ZIP brief
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HUD schedule, ACS stock, and the 90–110% band for ZIP 59401 · MT — sent to you.
ZIP 59401 · MT
ACS rent vs 2BR SAFMR
ZIP 59401 — Great Falls, MT HUD Section 8 Payment Standards / SAFMR →ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.
Housing stock
ACS 2023 units-in-structure · ZCTA 59401
- 1-unit detached4,45164.3%
- 1-unit attached1852.7%
- 2–4 units72610.5%
- 5–49 units1,11116.1%
- 50+ units3655.3%
- Mobile831.2%
2–4 unit share 10.5% · 5–49 unit share 16.1% · combined 2–49 26.5%.
Units by bedrooms
Rent burden
- ACS median gross rent $767 (all bedrooms, occupied rentals).
- Median contract rent $706.
- Renters paying ≥30% of income 51.1%; ≥50% 22.7%.
- FY2027 2BR SAFMR $1,160 (1.512× ACS median gross rent).
Population
13,600 residents · ACS 2023
Change versus the 2018 ACS 5-year estimate: -0.9%.
ACS 5-year estimates lag current construction. This is not a forecast.
Assisted inventory
- LIHTC: 4 projects, 92 units.
- HUD project-based assisted MF: 2 properties, 162 assisted units.
- HCV household counts (Picture of Subsidized Households) are not on this page yet.
New apartment permits
About 76 new apartments in 5+ unit buildings may have been permitted in this ZIP’s share of the county. That is units (doors), not a building count.
Cities and counties report building permits to the Census. Apartment counts are for the whole county, not a project list in this ZIP.
What the data shows
ZIP 59401 41.5% of occupied households are renters; vacancy is 11.1%; ACS median gross rent is $767; population changed -0.9% between the 2018 and 2023 ACS vintages; the housing stock includes 726 units in 2–4-unit structures and 1,111 units in 5–49-unit structures; 4 LIHTC projects totaling 92 units; FY2027 2BR SAFMR is $1,160 versus ACS median gross rent of $767. These figures describe the underlying housing market, not the cash flow of any one property. Asking rents, expenses, condition, taxes, insurance, and the rent roll have to be underwritten separately.
Montana research
ZIP 59401 is a Census / HUD profile for Great Falls, MT. Not a listing page. Brokerage is Georgia; out-of-state work is referral.
ZIP 59401 — Great Falls, MT HUD Section 8 Payment Standards / SAFMR·Montana ZIP directory
Nearby ZIPs in this FMR area
Census ZIP areas approximate mail ZIPs. Sources: Census ACS 5-year 2023, HUD FY2027 Small Area FMR, HUD LIHTC and assisted multifamily lists, Census building permits (county). This page is Montana research. Brokerage is Georgia.
FAQ
What is the housing market like in ZIP 59401?
ZIP 59401 (Great Falls, MT MSA) has 13,600 residents, 6,151 households, a renter share of 41.5%, median household income of $53,750, and ACS 2023 median gross rent of $767. Vacancy is 11.1%. These are ZCTA estimates, not a property rent roll.
How much small multifamily housing is in 59401?
ACS counts 389 units in 2-unit buildings, 337 in 3–4 unit buildings, 199 in 5–9, 300 in 10–19, and 612 in 20–49. Combined 2–49 unit stock is 1,837 units. This is occupied-and-vacant stock, not listings for sale.
What is the Section 8 rent in 59401?
The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,160. See the full schedule and 90–110% payment-standard band on the ZIP 59401 — Great Falls, MT HUD Section 8 Payment Standards / SAFMR.
Does this Montana ZIP profile include Georgia listings?
No. ZIP 59401 is Census / HUD research for Great Falls, MT MSA. Jeff Crowe CRE does not list Montana property. Licensed brokerage is Georgia. If you use this stock table and then buy in Georgia, live FMLS Residential Income is on multifamily for sale in Georgia.