Montana · FIPS 30099 · HUD FY 2027
Teton County, Montana Fair Market Rent
HUD’s FY 2027 Fair Market Rent for a 2-bedroom in Teton County is $1,363 a month (rent plus utilities), 11% below the Montana average of $1,529 and 23% below the U.S. average of $1,761. That is up $3 (0.2%) from FY 2026. At 30% of income, a household needs about $54,520 a year to afford it.
- $1,3632-bedroom FMR+$3 (+0.2%) vs FY 2026
- $1,2051-bedroom FMRMontana: $1,223 · U.S.: $1,478
- $54,520Income for a 2-bedroom$26/hour full-time
- 24 of 562BR rank in Montana1 = highest rent
| Unit | Teton County FY 2027 | FY 2026 | Change | Montana avg | U.S. avg | Income needed |
|---|---|---|---|---|---|---|
| Studio | $1,042 | $1,019 | +$23 (+2.3%) | $1,114 | $1,379 | $41,680 |
| 1 bedroom | $1,205 | $1,241 | −$36 (−2.9%) | $1,223 | $1,478 | $48,200 |
| 2 bedrooms | $1,363 | $1,360 | +$3 (+0.2%) | $1,529 | $1,761 | $54,520 |
| 3 bedrooms | $1,887 | $1,891 | −$4 (−0.2%) | $2,086 | $2,266 | $75,480 |
| 4 bedrooms | $2,278 | $2,171 | +$107 (+4.9%) | $2,430 | $2,607 | $91,120 |
How Teton County compares
- Teton 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: $1,042, $1,205, $1,363, $1,887, $2,278. 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 6 ZIP codes mostly in Teton County (by land area), the 2-bedroom figure ranges from $1,300 to $1,580.
Small Area FMRs by ZIP code in Teton County
| ZIP | Studio | 1BR | 2BR | 3BR | 4BR | 2BR vs FY 2026 | 2BR vs area FMR |
|---|---|---|---|---|---|---|---|
| 59419 | $990 | $1,140 | $1,300 | $1,800 | $2,170 | no change | 5% below |
| 59422 | $990 | $1,150 | $1,300 | $1,800 | $2,170 | no change | 5% below |
| 59433 | $1,050 | $1,210 | $1,370 | $1,900 | $2,290 | +$30 (+2.2%) | 1% above |
| 59436 | $1,200 | $1,390 | $1,580 | $2,180 | $2,630 | +$80 (+5.3%) | 16% above |
| 59467 | $1,040 | $1,200 | $1,360 | $1,880 | $2,270 | no change | about the same as |
| 59468 | $1,090 | $1,200 | $1,420 | $1,970 | $2,300 | +$50 (+3.6%) | 4% above |
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.