FY2027 Small Area FMR · Great Falls, MT

ZIP 59403 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 59403 (Great Falls, MT) is $1,310 a month, up 2.3% from FY2026. That is 0% equal to the Great Falls, MT area-wide FMR of $1,308.

2-bedroom SAFMR$1,310per month ▲ 2.3%

Area-wide 2 BR FMR$1,308Great Falls, MT

Rank in the area12thof 20 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,179

2 BR Small Area FMR$1,310

110% of SAFMR$1,441

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

Studio$990▲ 3.1%

1 BR$1,000▲ 2.0%

2 BR$1,310▲ 2.3%

3 BR$1,810▲ 1.7%

4 BR$1,990▼ 2.0%

FY2027 FY2026

Where 59403 sits in the Great Falls, MT area

Of the 20 ZIP codes HUD lists for the area, 59403 has the 12th highest two-bedroom Small Area FMR. Great Falls, 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 $1,308 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,310 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	$993	$960
1 bedroom	$1,000	$900 – $1,100	$1,000	$980
2 bedrooms	$1,310	$1,179 – $1,441	$1,308	$1,280
3 bedrooms	$1,810	$1,629 – $1,991	$1,811	$1,780
4 bedrooms	$1,990	$1,791 – $2,189	$1,988	$2,030

A household renting a two-bedroom home at the Small Area FMR of $1,310 needs about $52,400 a year to keep housing costs at 30% of income. The area median family income is $89,000 and the 80% low-income limit for four people is $72,800. ZIP code 59403 lies mainly in Cascade County. See the Great Falls, MT county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
59401	Great Falls	1.4 mi	$1,160
59414	Black Eagle	2.7 mi	$1,280
59404	Great Falls	9.2 mi	$1,550
59472	Sand Coulee	9.7 mi	$1,340
59405	Great Falls	11.0 mi	$1,320
59485	Ulm	14.3 mi	$1,960

Questions

What is the Fair Market Rent for ZIP code 59403?

HUD's FY2027 Small Area Fair Market Rents for 59403 are $990 (studio), $1,000 (1 BR), $1,310 (2 BR), $1,810 (3 BR) and $1,990 (4 BR) a month.

What is the Section 8 payment standard in 59403?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 59403 that range is $1,179 to $1,441 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 59403?

The FY2026 income limits of the Great Falls, MT area apply: median family income $89,000, low-income (80%) limit $72,800 for a family of four.