FY2027 Small Area FMR · Olive, MT

ZIP 59343 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 59343 (Olive, MT) is $1,030 a month, unchanged from FY2026. That is 0% equal to the Powder River County, MT area-wide FMR of $1,028.

2-bedroom SAFMR$1,030per month ■ 0.0%

Area-wide 2 BR FMR$1,028Powder River County, MT

Rank in the area7thof 9 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$927

2 BR Small Area FMR$1,030

110% of SAFMR$1,133

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

Studio$790▲ 2.6%

1 BR$810▲ 1.2%

2 BR$1,030■ 0.0%

3 BR$1,430■ 0.0%

4 BR$1,690▲ 1.2%

FY2027 FY2026

Where 59343 sits in the Powder River County, MT area

Of the 9 ZIP codes HUD lists for the area, 59343 has the 7th highest two-bedroom Small Area FMR. Powder River 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 $1,028 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,030 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	$790	$711 – $869	$786	$770
1 bedroom	$810	$729 – $891	$807	$800
2 bedrooms	$1,030	$927 – $1,133	$1,028	$1,030
3 bedrooms	$1,430	$1,287 – $1,573	$1,423	$1,430
4 bedrooms	$1,690	$1,521 – $1,859	$1,689	$1,670

A household renting a two-bedroom home at the Small Area FMR of $1,030 needs about $41,200 a year to keep housing costs at 30% of income. The area median family income is $95,100 and the 80% low-income limit for four people is $76,100. ZIP code 59343 lies mainly in Powder River County. See the Powder River County, MT county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
59351	Volborg	15.1 mi	$1,470
59345	Powderville	18.1 mi	$1,450
59317	Broadus	21.1 mi	$1,020
59316	Boyes	34.4 mi	$1,120
59332	Hammond	37.2 mi	$1,250
59003	Ashland	38.6 mi	$1,090

Questions

What is the Fair Market Rent for ZIP code 59343?

HUD's FY2027 Small Area Fair Market Rents for 59343 are $790 (studio), $810 (1 BR), $1,030 (2 BR), $1,430 (3 BR) and $1,690 (4 BR) a month.

What is the Section 8 payment standard in 59343?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 59343 that range is $927 to $1,133 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 59343?

The FY2026 income limits of the Powder River County, MT area apply: median family income $95,100, low-income (80%) limit $76,100 for a family of four.