Montana · FIPS 30047 · HUD FY 2027
Lake County, Montana Fair Market Rent
HUD’s FY 2027 Fair Market Rent for a 2-bedroom in Lake County is $1,448 a month (rent plus utilities), 5% below the Montana average of $1,529 and 18% below the U.S. average of $1,761. That is up $4 (0.3%) from FY 2026. At 30% of income, a household needs about $57,920 a year to afford it.
- $1,4482-bedroom FMR+$4 (+0.3%) vs FY 2026
- $1,1231-bedroom FMRMontana: $1,223 · U.S.: $1,478
- $57,920Income for a 2-bedroom$28/hour full-time
- 15 of 562BR rank in Montana1 = highest rent
| Unit | Lake County FY 2027 | FY 2026 | Change | Montana avg | U.S. avg | Income needed |
|---|---|---|---|---|---|---|
| Studio | $1,116 | $1,097 | +$19 (+1.7%) | $1,114 | $1,379 | $44,640 |
| 1 bedroom | $1,123 | $1,104 | +$19 (+1.7%) | $1,223 | $1,478 | $44,920 |
| 2 bedrooms | $1,448 | $1,444 | +$4 (+0.3%) | $1,529 | $1,761 | $57,920 |
| 3 bedrooms | $1,821 | $1,865 | −$44 (−2.4%) | $2,086 | $2,266 | $72,840 |
| 4 bedrooms | $2,046 | $1,990 | +$56 (+2.8%) | $2,430 | $2,607 | $81,840 |
How Lake County compares
- Lake County is a non-metro county, so HUD sets one Fair Market Rent for the whole county.
- Across Montana, 2-bedroom FMRs run from $1,014 (Phillips County) to $2,109 (Gallatin County).
- Studio to 4-bedroom: $1,116, $1,123, $1,448, $1,821, $2,046. HUD derives the other sizes from the 2-bedroom figure with fixed ratios, adjusted where local data warrant.
- HUD also publishes ZIP-level Small Area FMRs. For the 12 ZIP codes mostly in Lake County (by land area), the 2-bedroom figure ranges from $1,300 to $2,010.
Small Area FMRs by ZIP code in Lake County
| ZIP | Studio | 1BR | 2BR | 3BR | 4BR | 2BR vs FY 2026 | 2BR vs area FMR |
|---|---|---|---|---|---|---|---|
| 59824 | $1,000 | $1,010 | $1,300 | $1,680 | $1,840 | −$120 (−8.5%) | 10% below |
| 59855 | $990 | $1,000 | $1,300 | $1,680 | $1,800 | −$10 (−0.8%) | 10% below |
| 59860 | $1,130 | $1,130 | $1,460 | $1,840 | $2,060 | +$10 (+0.7%) | 1% above |
| 59863 | $1,030 | $1,060 | $1,360 | $1,700 | $1,980 | −$10 (−0.7%) | 6% below |
| 59864 | $1,080 | $1,090 | $1,400 | $1,760 | $1,980 | no change | 3% below |
| 59865 | $990 | $1,000 | $1,300 | $1,680 | $1,800 | +$40 (+3.2%) | 10% below |
| 59910 | $1,200 | $1,200 | $1,560 | $1,980 | $2,220 | +$20 (+1.3%) | 8% above |
| 59911 | $1,340 | $1,350 | $1,760 | $2,320 | $2,660 | −$20 (−1.1%) | 22% above |
| 59914 | $1,550 | $1,560 | $2,010 | $2,530 | $2,840 | +$110 (+5.8%) | 39% above |
| 59915 | $1,160 | $1,190 | $1,540 | $1,920 | $2,260 | +$60 (+4.1%) | 6% above |
| 59929 | $1,120 | $1,120 | $1,450 | $1,820 | $2,050 | +$10 (+0.7%) | about the same as |
| 59931 | $1,120 | $1,120 | $1,450 | $1,820 | $2,140 | −$90 (−5.8%) | about the same as |
Sources
- U.S. Department of Housing and Urban Development, HUD User Fair Market Rents: FY 2027 FMRs (file dated August 26, 2026) and FY 2026 FMRs (file dated April 21, 2026).
- HUD User Small Area Fair Market Rents: FY 2027 SAFMRs (file dated August 31, 2026) and FY 2026 SAFMRs (file dated April 21, 2026).
- ZIP-to-county assignment: Census Bureau 2020 ZCTA-to-county relationship file (file dated December 9, 2021), largest land-area overlap.
Fair Market Rents are HUD’s estimate of gross rent (rent plus utilities) for a modest unit, set at the 40th percentile of recent-mover rents. FY 2027 is HUD’s fiscal year beginning October 1, 2026. Housing authorities set voucher payment standards from these figures; check yours.