FY2027 Small Area FMR · Elmo, MT
ZIP 59915 Fair Market Rent & Payment Standards
HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 59915 (Elmo, MT) is $1,540 a month, up 4.1% from FY2026. That is 6% above the Lake County, MT area-wide FMR of $1,448.
Payment standard range, 2 bedrooms
Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.
FY2027 FY2026
Where 59915 sits in the Lake County, MT area
Of the 16 ZIP codes HUD lists for the area, 59915 has the 6th highest two-bedroom Small Area FMR. Lake 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 $1,448 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,540 for this ZIP code instead.
All unit sizes
| Unit | FY2027 SAFMR | Payment standard range | Area-wide FMR | FY2026 SAFMR |
|---|---|---|---|---|
| Studio | $1,160 | $1,044 – $1,276 | $1,116 | $1,100 |
| 1 bedroom | $1,190 | $1,071 – $1,309 | $1,123 | $1,140 |
| 2 bedrooms | $1,540 | $1,386 – $1,694 | $1,448 | $1,480 |
| 3 bedrooms | $1,920 | $1,728 – $2,112 | $1,821 | $1,880 |
| 4 bedrooms | $2,260 | $2,034 – $2,486 | $2,046 | $2,120 |
A household renting a two-bedroom home at the Small Area FMR of $1,540 needs about $61,600 a year to keep housing costs at 30% of income. The area median family income is $83,800 and the 80% low-income limit for four people is $72,800. ZIP code 59915 lies mainly in Lake County. See the Lake County, MT county page for the full income limits table and the household check.
Nearby ZIP codes
Questions
What is the Fair Market Rent for ZIP code 59915?
HUD's FY2027 Small Area Fair Market Rents for 59915 are $1,160 (studio), $1,190 (1 BR), $1,540 (2 BR), $1,920 (3 BR) and $2,260 (4 BR) a month.
What is the Section 8 payment standard in 59915?
Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 59915 that range is $1,386 to $1,694 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.
Which income limits apply in 59915?
The FY2026 income limits of the Lake County, MT area apply: median family income $83,800, low-income (80%) limit $72,800 for a family of four.