FY2027 Small Area FMR · Sheridan, MT

ZIP 59749 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 59749 (Sheridan, MT) is $1,430 a month, up 5.9% from FY2026. That is 7% below the Madison County, MT area-wide FMR of $1,543.

2-bedroom SAFMR$1,430per month ▲ 5.9%

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

Rank in the area11thof 20 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,287

2 BR Small Area FMR$1,430

110% of SAFMR$1,573

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

Studio$1,090▲ 5.8%

1 BR$1,120▲ 7.7%

2 BR$1,430▲ 5.9%

3 BR$1,960▲ 10.1%

4 BR$2,390▲ 5.8%

FY2027 FY2026

Where 59749 sits in the Madison County, MT area

Of the 20 ZIP codes HUD lists for the area, 59749 has the 11th 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 $1,430 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	$1,090	$981 – $1,199	$1,179	$1,030
1 bedroom	$1,120	$1,008 – $1,232	$1,211	$1,040
2 bedrooms	$1,430	$1,287 – $1,573	$1,543	$1,350
3 bedrooms	$1,960	$1,764 – $2,156	$2,115	$1,780
4 bedrooms	$2,390	$2,151 – $2,629	$2,579	$2,260

A household renting a two-bedroom home at the Small Area FMR of $1,430 needs about $57,200 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 59749 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
59755	Virginia City	10.0 mi	$1,390
59740	Mc Allister	11.9 mi	$1,780
59735	Harrison	12.3 mi	$2,130
59754	Twin Bridges	12.3 mi	$1,400
59747	Pony	20.5 mi	$1,800
59729	Ennis	23.3 mi	$1,980

Questions

What is the Fair Market Rent for ZIP code 59749?

HUD's FY2027 Small Area Fair Market Rents for 59749 are $1,090 (studio), $1,120 (1 BR), $1,430 (2 BR), $1,960 (3 BR) and $2,390 (4 BR) a month.

What is the Section 8 payment standard in 59749?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 59749 that range is $1,287 to $1,573 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 59749?

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.