FY2027 Small Area FMR · Joliet, MT

ZIP 59041 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 59041 (Joliet, MT) is $1,680 a month, up 0.6% from FY2026. That is 17% above the Billings, MT area-wide FMR of $1,432.

2-bedroom SAFMR$1,680per month ▲ 0.6%

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

Rank in the area3rdof 31 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,512

2 BR Small Area FMR$1,680

110% of SAFMR$1,848

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

Studio$1,180▼ 1.7%

1 BR$1,330▲ 1.5%

2 BR$1,680▲ 0.6%

3 BR$2,330▲ 1.3%

4 BR$2,650▲ 1.5%

FY2027 FY2026

Where 59041 sits in the Billings, MT area

Of the 31 ZIP codes HUD lists for the area, 59041 has the 3rd 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 $1,680 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	$1,180	$1,062 – $1,298	$1,003	$1,200
1 bedroom	$1,330	$1,197 – $1,463	$1,132	$1,310
2 bedrooms	$1,680	$1,512 – $1,848	$1,432	$1,670
3 bedrooms	$2,330	$2,097 – $2,563	$1,983	$2,300
4 bedrooms	$2,650	$2,385 – $2,915	$2,261	$2,610

A household renting a two-bedroom home at the Small Area FMR of $1,680 needs about $67,200 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 59041 lies mainly in Carbon County and Yellowstone 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
59013	Boyd	6.5 mi	$1,650
59063	Park City	10.1 mi	$1,530
59026	Edgar	10.3 mi	$1,280
59029	Fromberg	12.2 mi	$1,280
59070	Roberts	13.8 mi	$1,600
59019	Columbus	14.1 mi	$1,280

Questions

What is the Fair Market Rent for ZIP code 59041?

HUD's FY2027 Small Area Fair Market Rents for 59041 are $1,180 (studio), $1,330 (1 BR), $1,680 (2 BR), $2,330 (3 BR) and $2,650 (4 BR) a month.

What is the Section 8 payment standard in 59041?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 59041 that range is $1,512 to $1,848 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 59041?

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.