FY2027 Small Area FMR · Mc Allister, MT

ZIP 59740 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 59740 (Mc Allister, MT) is $1,780 a month, up 31.9% from FY2026. That is 15% above the Madison County, MT area-wide FMR of $1,543.

2-bedroom SAFMR$1,780per month ▲ 31.9%

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

Rank in the area9thof 20 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,602

2 BR Small Area FMR$1,780

110% of SAFMR$1,958

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

Studio$1,360▲ 32.0%

1 BR$1,400▲ 34.6%

2 BR$1,780▲ 31.9%

3 BR$2,450▲ 36.9%

4 BR$2,980▲ 31.9%

FY2027 FY2026

Where 59740 sits in the Madison County, MT area

Of the 20 ZIP codes HUD lists for the area, 59740 has the 9th 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 $1,780 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	$1,360	$1,224 – $1,496	$1,179	$1,030
1 bedroom	$1,400	$1,260 – $1,540	$1,211	$1,040
2 bedrooms	$1,780	$1,602 – $1,958	$1,543	$1,350
3 bedrooms	$2,450	$2,205 – $2,695	$2,115	$1,790
4 bedrooms	$2,980	$2,682 – $3,278	$2,579	$2,260

A household renting a two-bedroom home at the Small Area FMR of $1,780 needs about $71,200 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 59740 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
59735	Harrison	10.6 mi	$2,130
59749	Sheridan	11.9 mi	$1,430
59755	Virginia City	12.0 mi	$1,390
59745	Norris	13.0 mi	$2,010
59729	Ennis	15.7 mi	$1,980
59747	Pony	17.9 mi	$1,800

Questions

What is the Fair Market Rent for ZIP code 59740?

HUD's FY2027 Small Area Fair Market Rents for 59740 are $1,360 (studio), $1,400 (1 BR), $1,780 (2 BR), $2,450 (3 BR) and $2,980 (4 BR) a month.

What is the Section 8 payment standard in 59740?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 59740 that range is $1,602 to $1,958 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 59740?

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.