FY2027 Small Area FMR · Cameron, MT

ZIP 59720 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 59720 (Cameron, MT) is $1,530 a month, up 6.2% from FY2026. That is 1% below the Madison County, MT area-wide FMR of $1,543.

2-bedroom SAFMR$1,530per month ▲ 6.2%

Area-wide 2 BR FMR$1,543Madison County, MT

Rank in the area10thof 20 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,377

2 BR Small Area FMR$1,530

110% of SAFMR$1,683

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

Studio$1,100▲ 4.8%

1 BR$1,180▲ 5.4%

2 BR$1,530▲ 6.2%

3 BR$2,120▲ 7.6%

4 BR$2,550▲ 6.2%

FY2027 FY2026

Where 59720 sits in the Madison County, MT area

Of the 20 ZIP codes HUD lists for the area, 59720 has the 10th highest two-bedroom Small Area FMR. Madison 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 $1,543 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,530 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	$1,100	$990 – $1,210	$1,179	$1,050
1 bedroom	$1,180	$1,062 – $1,298	$1,211	$1,120
2 bedrooms	$1,530	$1,377 – $1,683	$1,543	$1,440
3 bedrooms	$2,120	$1,908 – $2,332	$2,115	$1,970
4 bedrooms	$2,550	$2,295 – $2,805	$2,579	$2,400

A household renting a two-bedroom home at the Small Area FMR of $1,530 needs about $61,200 a year to keep housing costs at 30% of income. The area median family income is $94,100 and the 80% low-income limit for four people is $75,300. ZIP code 59720 lies mainly in Madison County. See the Madison County, MT county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
59716	Big Sky	17.9 mi	$2,230
59710	Alder	21.8 mi	$1,390
59739	Lima	27.2 mi	$1,040
59758	West Yellowstone	27.9 mi	$1,940
59729	Ennis	30.3 mi	$1,980
83429	Island Park	30.8 mi	$1,200

Questions

What is the Fair Market Rent for ZIP code 59720?

HUD's FY2027 Small Area Fair Market Rents for 59720 are $1,100 (studio), $1,180 (1 BR), $1,530 (2 BR), $2,120 (3 BR) and $2,550 (4 BR) a month.

What is the Section 8 payment standard in 59720?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 59720 that range is $1,377 to $1,683 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 59720?

The FY2026 income limits of the Madison County, MT area apply: median family income $94,100, low-income (80%) limit $75,300 for a family of four.