FY2027 Small Area FMR · Hysham, MT
ZIP 59038 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 59038 (Hysham, MT) is $1,580 a month, up 1.3% from FY2026. That is 21% above the Big Horn County, MT area-wide FMR of $1,306.
Payment standard range, 2 bedrooms
Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.
FY2027 FY2026
Where 59038 sits in the Big Horn County, MT area
Of the 17 ZIP codes HUD lists for the area, 59038 has the 2nd highest two-bedroom Small Area FMR. Big Horn County, 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 $1,306 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,580 for this ZIP code instead.
ZIP code 59038 crosses more than one HUD area. HUD also lists it under Treasure County, MT (same figures). The figure that applies depends on which side of the line the home is.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $1,210 | $1,089 – $1,331 | $998 | $1,170 |
| 1 bedroom | $1,240 | $1,116 – $1,364 | $1,007 | $1,220 |
| 2 bedrooms | $1,580 | $1,422 – $1,738 | $1,306 | $1,560 |
| 3 bedrooms | $2,190 | $1,971 – $2,409 | $1,795 | $2,140 |
| 4 bedrooms | $2,600 | $2,340 – $2,860 | $2,183 | $2,530 |
A household renting a two-bedroom home at the Small Area FMR of $1,580 needs about $63,200 a year to keep housing costs at 30% of income. The area median family income is $67,800 and the 80% low-income limit for four people is $72,800. ZIP code 59038 lies mainly in Treasure County and Big Horn County. See the Big Horn County, MT county page for the full income limits table and the household check.
Nearby ZIP codes
Questions
What is the Fair Market Rent for ZIP code 59038?
HUD's FY2027 Small Area Fair Market Rents for 59038 are $1,210 (studio), $1,240 (1 BR), $1,580 (2 BR), $2,190 (3 BR) and $2,600 (4 BR) a month.
What is the Section 8 payment standard in 59038?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 59038 that range is $1,422 to $1,738 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 59038?
The FY2026 income limits of the Big Horn County, MT area apply: median family income $67,800, low-income (80%) limit $72,800 for a family of four.