FY2027 Small Area FMR · Malta, MT

ZIP 59538 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 59538 (Malta, 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.

2-bedroom SAFMR$1,020per month ▲ 4.1%

Area-wide 2 BR FMR$1,014Phillips County, MT

Rank in the area7thof 8 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$918

2 BR Small Area FMR$1,020

110% of SAFMR$1,122

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

Studio$780▲ 6.8%

1 BR$940▲ 5.6%

2 BR$1,020▲ 4.1%

3 BR$1,410▲ 3.7%

4 BR$1,680▲ 6.3%

FY2027 FY2026

Where 59538 sits in the Phillips County, MT area

Of the 8 ZIP codes HUD lists for the area, 59538 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

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$780	$702 – $858	$775	$730
1 bedroom	$940	$846 – $1,034	$931	$890
2 bedrooms	$1,020	$918 – $1,122	$1,014	$980
3 bedrooms	$1,410	$1,269 – $1,551	$1,404	$1,360
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 59538 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

ZIP	Place	Distance	2 BR SAFMR
59524	Dodson	24.0 mi	$1,070
59261	Saco	38.2 mi	$1,260
59546	Zortman	42.7 mi	$1,030
59527	Hays	43.9 mi	$1,210
59241	Hinsdale	44.0 mi	$1,080
59318	Brusett	44.9 mi	$1,080

Questions

What is the Fair Market Rent for ZIP code 59538?

HUD's FY2027 Small Area Fair Market Rents for 59538 are $780 (studio), $940 (1 BR), $1,020 (2 BR), $1,410 (3 BR) and $1,680 (4 BR) a month.

What is the Section 8 payment standard in 59538?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 59538 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 59538?

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.