How many renters live in McCone County, Montana?
The County of McCone County has 1,746 people living in 782 households.
There are 135 renters living in 85 renter households in this County. Renters make up 7.73 percent of the population living in McCone County.
What is the rental market like in McCone County, Montana?
There are an estimated 1,093 housing units in the McCone County area. Of these, 91 units are rental homes, making up 8 percent of the housing market. For every renter household in McCone County, Montana, there are 1 rental units.
What is the vacancy rate for rentals in McCone County?
The rental vacancy rate in McCone County is 7 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 McCone County for each bedroom size?
Occupied Rental Units by Size in McCone County
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 0 | 15 | 25 | 29 | 0 |
Occupied Rental Units by Size in McCone County
A large number of apartments in McCone County 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 McCone County are overburdened by housing costs?
Among renter households in this market, 9 percent have housing cost burden. Further, 9 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 McCone County
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $725 to $1,571. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $725 |
| One BR | $760 |
| Two BR | $998 |
| Three BR | $1,356 |
| Four BR | $1,571 |
2024 Fair Market Rents in McCone County, Montana
How many units are rented at Fair Market Rent (FMR) in McCone County?
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 |
| One BR | 15 | 100 percent |
| Two BR | 25 | 100 percent |
Rental Units Below FMR in McCone County, Montana
How many affordable rental units are in McCone County?
Income Based Apartments in McCone County, Montana
McCone County features 0 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 McCone County, Montana
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in McCone County.
Housing Choice Vouchers in McCone County, Montana
On average, Section 8 Housing Choice vouchers pay McCone County landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in McCone County.
The maximum amount a voucher would pay on behalf of a low-income tenant in McCone County, Montana for a two-bedroom apartment is between $898 and $1,098.
Sourced from federal housing data and AffordableHousingOnline.com research.
