FY2027 Small Area FMR · Raymond, MT

ZIP 59256 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 59256 (Raymond, MT) is $1,210 a month, unchanged from FY2026. That is 0% equal to the Sheridan County, MT area-wide FMR of $1,214.

2-bedroom SAFMR$1,210per month ■ 0.0%

Area-wide 2 BR FMR$1,214Sheridan County, MT

Rank in the area3rdof 11 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,089

2 BR Small Area FMR$1,210

110% of SAFMR$1,331

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

Studio$920▲ 1.1%

1 BR$920■ 0.0%

2 BR$1,210■ 0.0%

3 BR$1,680■ 0.0%

4 BR$1,990▲ 9.9%

FY2027 FY2026

Where 59256 sits in the Sheridan County, MT area

Of the 11 ZIP codes HUD lists for the area, 59256 has the 3rd highest two-bedroom Small Area FMR. Sheridan 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 $1,214 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,210 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	$920	$828 – $1,012	$928	$910
1 bedroom	$920	$828 – $1,012	$928	$920
2 bedrooms	$1,210	$1,089 – $1,331	$1,214	$1,210
3 bedrooms	$1,680	$1,512 – $1,848	$1,681	$1,680
4 bedrooms	$1,990	$1,791 – $2,189	$1,994	$1,810

A household renting a two-bedroom home at the Small Area FMR of $1,210 needs about $48,400 a year to keep housing costs at 30% of income. The area median family income is $94,800 and the 80% low-income limit for four people is $75,850. ZIP code 59256 lies mainly in Sheridan County. See the Sheridan County, MT county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
59252	Outlook	11.7 mi	$1,210
59254	Plentywood	12.5 mi	$1,090
59275	Westby	16.9 mi	$1,390
59211	Antelope	18.4 mi	$1,210
59257	Redstone	21.7 mi	$1,210
59258	Reserve	24.2 mi	$1,210

Questions

What is the Fair Market Rent for ZIP code 59256?

HUD's FY2027 Small Area Fair Market Rents for 59256 are $920 (studio), $920 (1 BR), $1,210 (2 BR), $1,680 (3 BR) and $1,990 (4 BR) a month.

What is the Section 8 payment standard in 59256?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 59256 that range is $1,089 to $1,331 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 59256?

The FY2026 income limits of the Sheridan County, MT area apply: median family income $94,800, low-income (80%) limit $75,850 for a family of four.