FY2027 Small Area FMR · Helena, MT

ZIP 59623 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 59623 (Helena, MT) is $1,650 a month, unchanged from FY2026. That is 0% equal to the Lewis and Clark County, MT area-wide FMR of $1,653.

2-bedroom SAFMR$1,650per month ■ 0.0%

Area-wide 2 BR FMR$1,653Lewis and Clark County, MT

Rank in the area5thof 17 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,485

2 BR Small Area FMR$1,650

110% of SAFMR$1,815

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

Studio$1,150▲ 0.9%

1 BR$1,320■ 0.0%

2 BR$1,650■ 0.0%

3 BR$2,280▲ 1.3%

4 BR$2,390▼ 4.4%

FY2027 FY2026

Where 59623 sits in the Lewis and Clark County, MT area

Of the 17 ZIP codes HUD lists for the area, 59623 has the 5th highest two-bedroom Small Area FMR. Lewis and Clark 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 $1,653 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,650 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	$1,150	$1,035 – $1,265	$1,151	$1,140
1 bedroom	$1,320	$1,188 – $1,452	$1,320	$1,320
2 bedrooms	$1,650	$1,485 – $1,815	$1,653	$1,650
3 bedrooms	$2,280	$2,052 – $2,508	$2,289	$2,250
4 bedrooms	$2,390	$2,151 – $2,629	$2,392	$2,500

A household renting a two-bedroom home at the Small Area FMR of $1,650 needs about $66,000 a year to keep housing costs at 30% of income. The area median family income is $122,400 and the 80% low-income limit for four people is $94,150. ZIP code 59623 lies mainly in Lewis and Clark County. See the Lewis and Clark County, MT county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
59625	Helena	0.8 mi	$1,650
59636	Fort Harrison	3.9 mi	$1,910
59601	Helena	8.6 mi	$1,650
59634	Clancy	9.0 mi	$1,610
59635	East Helena	10.3 mi	$1,520
59602	Helena	12.1 mi	$2,040

Questions

What is the Fair Market Rent for ZIP code 59623?

HUD's FY2027 Small Area Fair Market Rents for 59623 are $1,150 (studio), $1,320 (1 BR), $1,650 (2 BR), $2,280 (3 BR) and $2,390 (4 BR) a month.

What is the Section 8 payment standard in 59623?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 59623 that range is $1,485 to $1,815 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 59623?

The FY2026 income limits of the Lewis and Clark County, MT area apply: median family income $122,400, low-income (80%) limit $94,150 for a family of four.