JeffCroweCRE

Housing market/Montana/ZIP 59601

ACS 2023 · FY2027 SAFMR

ZIP 59601 Helena, Lewis and Clark County, Montana

Lewis and Clark County, MT HUD Metro FMR Area · Montana. Census housing stock, renter economics, HUD SAFMR, LIHTC, and population change. Not a listing page and not a buy/sell score.

Population
31,822
Households
14,765
Median HH income
$70,502
Renter share
43.2%
Median gross rent
$1,023
Vacancy
7.3%
Pop. change
+1.1%
2BR SAFMR
$1,650
SAFMR / rent
1.613×
2–49 unit stock
5,019
LIHTC proj / units
13 / 586
HUD assisted MF
8 / 333

ZIP brief

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HUD schedule, ACS stock, and the 90–110% band for ZIP 59601 · MT — sent to you.

ZIP 59601 · MT

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ACS rent vs 2BR SAFMR

ZIP 59601 — Helena, MT HUD Section 8 Payment Standards / SAFMR →
ACS median rent$1,023
2BR SAFMR$1,650
90% floor$1,485
110% ceiling$1,815

ACS median is all-bedroom occupied rent. SAFMR is the 2-bedroom HCV benchmark.

Housing stock

ACS 2023 units-in-structure · ZCTA 59601

  • 1-unit detached8,87055.7%
  • 1-unit attached7965.0%
  • 2–4 units3,15419.8%
  • 5–49 units1,86511.7%
  • 50+ units5663.6%
  • Mobile6864.3%
TypeUnitsShare
1-unit detached8,87055.7%
1-unit attached7965.0%
2 units (duplex)9225.8%
3–4 units2,23214.0%
5–9 units7704.8%
10–19 units5343.4%
20–49 units5613.5%
50+ units5663.6%
Mobile6864.3%

2–4 unit share 19.8% · 5–49 unit share 11.7% · combined 2–49 31.5%.

Units by bedrooms

Studio
730
1BR
2,039
2BR
5,169
3BR
4,154
4BR
2,541
5+
1,304

Rent burden

Rent ≥30% of income42.1%
Rent ≥50% of income17.2%
  • ACS median gross rent $1,023 (all bedrooms, occupied rentals).
  • Median contract rent $924.
  • Renters paying ≥30% of income 42.1%; ≥50% 17.2%.
  • FY2027 2BR SAFMR $1,650 (1.613× ACS median gross rent).

Population

31,822 residents · ACS 2023

Change versus the 2018 ACS 5-year estimate: +1.1%.

ACS 5-year estimates lag current construction. This is not a forecast.

Assisted inventory

  • LIHTC: 13 projects, 586 units.
  • HUD project-based assisted MF: 8 properties, 333 assisted units.
  • HCV household counts (Picture of Subsidized Households) are not on this page yet.

New apartment permits

About 28 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 59601 43.2% of occupied households are renters; vacancy is 7.3%; ACS median gross rent is $1,023; population increased +1.1% between the 2018 and 2023 ACS vintages; the housing stock includes 3,154 units in 2–4-unit structures and 1,865 units in 5–49-unit structures; 13 LIHTC projects totaling 586 units; FY2027 2BR SAFMR is $1,650 versus ACS median gross rent of $1,023. 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 59601 is a Census / HUD profile for Lewis and Clark County, MT. Not a listing page. Brokerage is Georgia; out-of-state work is referral.

ZIP 59601 — Helena, MT HUD Section 8 Payment Standards / SAFMR·Montana ZIP directory

Nearby ZIPs in this FMR area

ZIPPlaceRentersMed. rent2BR SAFMR
59421Lewis and Clark County, MT HUD Metro FMR Area14.3%$1,014$1,35059602Lewis and Clark County, MT HUD Metro FMR Area18.2%$1,291$2,04059604Lewis and Clark County, MT HUD Metro FMR Area——$1,65059620Lewis and Clark County, MT HUD Metro FMR Area——$1,65059623Lewis and Clark County, MT HUD Metro FMR Area——$1,65059624Lewis and Clark County, MT HUD Metro FMR Area——$1,65059625Lewis and Clark County, MT HUD Metro FMR Area——$1,65059626Lewis and Clark County, MT HUD Metro FMR Area——$1,65059633Lewis and Clark County, MT HUD Metro FMR Area26.0%—$1,48059634Lewis and Clark County, MT HUD Metro FMR Area8.1%$1,161$1,61059635Lewis and Clark County, MT HUD Metro FMR Area16.3%$998$1,52059636Lewis and Clark County, MT HUD Metro FMR Area100.0%—$1,910

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 59601?

ZIP 59601 (Lewis and Clark County, MT HUD Metro FMR Area) has 31,822 residents, 14,765 households, a renter share of 43.2%, median household income of $70,502, and ACS 2023 median gross rent of $1,023. Vacancy is 7.3%. These are ZCTA estimates, not a property rent roll.

How much small multifamily housing is in 59601?

ACS counts 922 units in 2-unit buildings, 2,232 in 3–4 unit buildings, 770 in 5–9, 534 in 10–19, and 561 in 20–49. Combined 2–49 unit stock is 5,019 units. This is occupied-and-vacant stock, not listings for sale.

What is the Section 8 rent in 59601?

The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,650. See the full schedule and 90–110% payment-standard band on the ZIP 59601 — Helena, MT HUD Section 8 Payment Standards / SAFMR.

Does this Montana ZIP profile include Georgia listings?

No. ZIP 59601 is Census / HUD research for Lewis and Clark County, MT HUD Metro FMR Area. 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.