How many renters live in Powder River County, Montana?
The County of Powder River County has 1,773 people living in 746 households.
There are 341 renters living in 158 renter households in this County. Renters make up 19.23 percent of the population living in Powder River County.
What is the rental market like in Powder River County, Montana?
There are an estimated 1,015 housing units in the Powder River County area. Of these, 174 units are rental homes, making up 17 percent of the housing market. For every renter household in Powder River County, Montana, there are 1 rental units.
What is the vacancy rate for rentals in Powder River County?
The rental vacancy rate in Powder River County is 9 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 Powder River County for each bedroom size?
Occupied Rental Units by Size in Powder River County
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 3 | 6 | 54 | 49 | 33 |
Occupied Rental Units by Size in Powder River County
A large number of apartments in Powder River 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 Powder River County are overburdened by housing costs?
Among renter households in this market, 9 percent have housing cost burden. Further, 1 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 Powder River County
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $658 to $1,425. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $658 |
| One BR | $689 |
| Two BR | $905 |
| Three BR | $1,275 |
| Four BR | $1,425 |
2024 Fair Market Rents in Powder River County, Montana
How many units are rented at Fair Market Rent (FMR) in Powder River 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 |
| Studio | 0 | 100 percent |
| One BR | 6 | 100 percent |
| Two BR | 30 | 56 percent |
Rental Units Below FMR in Powder River County, Montana
How many affordable rental units are in Powder River County?
Income Based Apartments in Powder River County, Montana
Powder River 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 Powder River County, Montana
There are 0 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Powder River County.
Housing Choice Vouchers in Powder River County, Montana
On average, Section 8 Housing Choice vouchers pay Powder River County landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Powder River County.
The maximum amount a voucher would pay on behalf of a low-income tenant in Powder River County, Montana for a two-bedroom apartment is between $815 and $996.
Sourced from federal housing data and AffordableHousingOnline.com research.
