FY2027 Small Area FMR · Belfry, MT

ZIP 59008 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 59008 (Belfry, MT) is $1,350 a month, down 9.4% from FY2026. That is 6% below the Billings, MT area-wide FMR of $1,432.

2-bedroom SAFMR$1,350per month ▼ 9.4%

Area-wide 2 BR FMR$1,432Billings, MT

Rank in the area19thof 31 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,215

2 BR Small Area FMR$1,350

110% of SAFMR$1,485

Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.

Studio$990▼ 10.0%

1 BR$1,050▼ 9.5%

2 BR$1,350▼ 9.4%

3 BR$1,850▼ 9.8%

4 BR$2,070▼ 10.0%

FY2027 FY2026

Where 59008 sits in the Billings, MT area

Of the 31 ZIP codes HUD lists for the area, 59008 has the 19th highest two-bedroom Small Area FMR. Billings, MT is not on HUD's list of mandatory Small Area FMR areas, so voucher payment standards here are normally based on the area-wide FMR of $1,432 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,350 for this ZIP code instead.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$990	$891 – $1,089	$1,003	$1,100
1 bedroom	$1,050	$945 – $1,155	$1,132	$1,160
2 bedrooms	$1,350	$1,215 – $1,485	$1,432	$1,490
3 bedrooms	$1,850	$1,665 – $2,035	$1,983	$2,050
4 bedrooms	$2,070	$1,863 – $2,277	$2,261	$2,300

A household renting a two-bedroom home at the Small Area FMR of $1,350 needs about $54,000 a year to keep housing costs at 30% of income. The area median family income is $113,000 and the 80% low-income limit for four people is $85,450. ZIP code 59008 lies mainly in Carbon County. See the Billings, MT metro page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
59007	Bearcreek	5.2 mi	$1,280
59014	Bridger	18.6 mi	$1,280
82435	Powell	19.3 mi	$1,000
59070	Roberts	22.2 mi	$1,600
59068	Red Lodge	23.0 mi	$1,280
82423	Frannie	25.6 mi	$1,000

Questions

What is the Fair Market Rent for ZIP code 59008?

HUD's FY2027 Small Area Fair Market Rents for 59008 are $990 (studio), $1,050 (1 BR), $1,350 (2 BR), $1,850 (3 BR) and $2,070 (4 BR) a month.

What is the Section 8 payment standard in 59008?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 59008 that range is $1,215 to $1,485 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 59008?

The FY2026 income limits of the Billings, MT area apply: median family income $113,000, low-income (80%) limit $85,450 for a family of four.