What HUD offices serve Fairview, Montana?
Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.
Go to the Montana Public Housing and Low-Income Apartments Waiting Lists page for openings near Fairview.
How many renters live in Fairview, Montana?
The City of Fairview has 979 people living in 344 households.
There are 151 renters living in 64 renter households in this City. Renters make up 15.42 percent of the population living in Fairview.
What is the rental market like in Fairview, Montana?
There are an estimated 462 housing units in the Fairview area. Of these, 88 units are rental homes, making up 19 percent of the housing market. For every renter household in Fairview, Montana, there are 1 rental units.
What is the vacancy rate for rentals in Fairview?
The rental vacancy rate in Fairview is 27 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.
How many rental units are in Fairview for each bedroom size?
Occupied Rental Units by Size in Fairview
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 4 | 9 | 37 | 8 | 0 |
Occupied Rental Units by Size in Fairview
A large number of apartments in Fairview have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How many renter households in Fairview are overburdened by housing costs?
Among renter households in this market, 25 percent have housing cost burden. Further, 25 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.
The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.
How Much Is Rent in Fairview
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $658 to $1,536. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $658 |
| One BR | $795 |
| Two BR | $905 |
| Three BR | $1,101 |
| Four BR | $1,536 |
2024 Fair Market Rents in Fairview, Montana
How many units are rented at Fair Market Rent (FMR) in Fairview?
Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.
These are the approximate number of units renting below the FMR in this market:
| Unit Size | Count of Units Below FMR | Percentage of Total Units Below FMR |
| Studio | 3 | 75 percent |
| One BR | 3 | 33 percent |
| Two BR | 34 | 92 percent |
Rental Units Below FMR in Fairview, Montana
How many affordable rental units are in Fairview?
There are a variety of federal affordable housing programs serving households in Fairview, Montana including the following:
| Federal Program | Unit Count |
| Public Housing | 20 |
| USDA Section 515 Rural Rental Housing | 16 |
Tracked Units by Federal Program in Fairview, Montana
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Fairview, Montana
Fairview features 8 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.
Low Rent Apartments in Fairview, Montana
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Fairview.
Housing Choice Vouchers in Fairview, Montana
On average, Section 8 Housing Choice vouchers pay Fairview landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Fairview.
The maximum amount a voucher would pay on behalf of a low-income tenant in Fairview, Montana for a two-bedroom apartment is between $815 and $996.
Sourced from federal housing data and AffordableHousingOnline.com research.
