FY2027 Small Area FMR · Loring, MT
ZIP 59537 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 59537 (Loring, MT) is $1,020 a month, up 4.1% from FY2026. That is 1% above the Phillips County, MT area-wide FMR of $1,014.
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 59537 sits in the Phillips County, MT area
Of the 8 ZIP codes HUD lists for the area, 59537 has the 7th highest two-bedroom Small Area FMR. Phillips 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 $1,014 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,020 for this ZIP code instead.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $780 | $702 – $858 | $775 | $730 |
| 1 bedroom | $920 | $828 – $1,012 | $931 | $870 |
| 2 bedrooms | $1,020 | $918 – $1,122 | $1,014 | $980 |
| 3 bedrooms | $1,390 | $1,251 – $1,529 | $1,404 | $1,330 |
| 4 bedrooms | $1,680 | $1,512 – $1,848 | $1,666 | $1,580 |
A household renting a two-bedroom home at the Small Area FMR of $1,020 needs about $40,800 a year to keep housing costs at 30% of income. The area median family income is $73,900 and the 80% low-income limit for four people is $72,800. ZIP code 59537 lies mainly in Phillips County. See the Phillips 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 59537?
HUD's FY2027 Small Area Fair Market Rents for 59537 are $780 (studio), $920 (1 BR), $1,020 (2 BR), $1,390 (3 BR) and $1,680 (4 BR) a month.
What is the Section 8 payment standard in 59537?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 59537 that range is $918 to $1,122 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 59537?
The FY2026 income limits of the Phillips County, MT area apply: median family income $73,900, low-income (80%) limit $72,800 for a family of four.