Montana · FIPS 30105 · HUD FY 2027
Valley County, Montana Fair Market Rent
HUD’s FY 2027 Fair Market Rent for a 2-bedroom in Valley County is $1,202 a month (rent plus utilities), 21% below the Montana average of $1,529 and 32% below the U.S. average of $1,761. That is up $2 (0.2%) from FY 2026. At 30% of income, a household needs about $48,080 a year to afford it.
- $1,2022-bedroom FMR+$2 (+0.2%) vs FY 2026
- $1,0231-bedroom FMRMontana: $1,223 · U.S.: $1,478
- $48,080Income for a 2-bedroom$23/hour full-time
- 40 of 562BR rank in Montana1 = highest rent
| Unit | Valley County FY 2027 | FY 2026 | Change | Montana avg | U.S. avg | Income needed |
|---|---|---|---|---|---|---|
| Studio | $919 | $899 | +$20 (+2.2%) | $1,114 | $1,379 | $36,760 |
| 1 bedroom | $1,023 | $915 | +$108 (+11.8%) | $1,223 | $1,478 | $40,920 |
| 2 bedrooms | $1,202 | $1,200 | +$2 (+0.2%) | $1,529 | $1,761 | $48,080 |
| 3 bedrooms | $1,664 | $1,566 | +$98 (+6.3%) | $2,086 | $2,266 | $66,560 |
| 4 bedrooms | $1,844 | $1,753 | +$91 (+5.2%) | $2,430 | $2,607 | $73,760 |
How Valley County compares
- Valley 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: $919, $1,023, $1,202, $1,664, $1,844. 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 10 ZIP codes mostly in Valley County (by land area), the 2-bedroom figure ranges from $1,080 to $1,360.
Small Area FMRs by ZIP code in Valley County
| ZIP | Studio | 1BR | 2BR | 3BR | 4BR | 2BR vs FY 2026 | 2BR vs area FMR |
|---|---|---|---|---|---|---|---|
| 59225 | $930 | $1,020 | $1,270 | $1,660 | $1,900 | −$140 (−9.9%) | 6% above |
| 59230 | $920 | $1,030 | $1,210 | $1,680 | $1,860 | +$10 (+0.8%) | 1% above |
| 59231 | $920 | $1,030 | $1,210 | $1,680 | $1,860 | +$10 (+0.8%) | 1% above |
| 59240 | $920 | $1,020 | $1,200 | $1,660 | $1,840 | no change | about the same as |
| 59241 | $810 | $860 | $1,080 | $1,410 | $1,580 | +$30 (+2.9%) | 10% below |
| 59244 | $920 | $1,020 | $1,200 | $1,660 | $1,840 | no change | about the same as |
| 59248 | $1,040 | $1,160 | $1,360 | $1,880 | $2,090 | −$80 (−5.6%) | 13% above |
| 59250 | $820 | $910 | $1,080 | $1,470 | $1,640 | +$30 (+2.9%) | 10% below |
| 59260 | $890 | $1,000 | $1,170 | $1,620 | $1,810 | no change | 3% below |
| 59273 | $820 | $910 | $1,080 | $1,490 | $1,650 | +$30 (+2.9%) | 10% below |
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.