Housing market/Montana/ZIP 59828
ZIP 59828 Corvallis, Ravalli County, Montana
Ravalli County, MT · 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 59828 · MT — sent to you.
ZIP 59828 · MT
ACS rent vs 2BR SAFMR
ZIP 59828 — Corvallis, 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 59828
- 1-unit detached2,20487.7%
- 2–4 units662.6%
- 5–49 units471.9%
- Mobile1967.8%
2–4 unit share 2.6% · 5–49 unit share 1.9% · combined 2–49 4.5%.
Units by bedrooms
Rent burden
- ACS median gross rent $1,148 (all bedrooms, occupied rentals).
- Median contract rent $966.
- Renters paying ≥30% of income 49.8%; ≥50% 17.7%.
- FY2027 2BR SAFMR $1,630 (1.420× ACS median gross rent).
Population
5,798 residents · ACS 2023
Change versus the 2018 ACS 5-year estimate: +0.3%.
ACS 5-year estimates lag current construction. This is not a forecast.
Assisted inventory
- LIHTC: 2 projects, 48 units.
- HUD project-based assisted MF: 1 properties, 12 assisted units.
- HCV household counts (Picture of Subsidized Households) are not on this page yet.
New apartment permits
About 0 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 59828 17.0% of occupied households are renters; vacancy is 5.2%; ACS median gross rent is $1,148; population increased +0.3% between the 2018 and 2023 ACS vintages; the housing stock includes 66 units in 2–4-unit structures and 47 units in 5–49-unit structures; 2 LIHTC projects totaling 48 units; FY2027 2BR SAFMR is $1,630 versus ACS median gross rent of $1,148. 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 59828 is a Census / HUD profile for Ravalli County, MT. Not a listing page. Brokerage is Georgia; out-of-state work is referral.
ZIP 59828 — Corvallis, 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 59828?
ZIP 59828 (Ravalli County, MT) has 5,798 residents, 2,382 households, a renter share of 17.0%, median household income of $82,265, and ACS 2023 median gross rent of $1,148. Vacancy is 5.2%. These are ZCTA estimates, not a property rent roll.
How much small multifamily housing is in 59828?
ACS counts 0 units in 2-unit buildings, 66 in 3–4 unit buildings, 34 in 5–9, 13 in 10–19, and 0 in 20–49. Combined 2–49 unit stock is 113 units. This is occupied-and-vacant stock, not listings for sale.
What is the Section 8 rent in 59828?
The Housing Choice Voucher benchmark is the FY2027 Small Area FMR. 2-bedroom SAFMR is $1,630. See the full schedule and 90–110% payment-standard band on the ZIP 59828 — Corvallis, MT HUD Section 8 Payment Standards / SAFMR.
Does this Montana ZIP profile include Georgia listings?
No. ZIP 59828 is Census / HUD research for Ravalli County, MT. 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.