Montana · FIPS 30043 · HUD FY 2027
Jefferson County, Montana Fair Market Rent
HUD’s FY 2027 Fair Market Rent for a 2-bedroom in Jefferson County is $1,410 a month (rent plus utilities), 8% below the Montana average of $1,529 and 20% below the U.S. average of $1,761. That is up $6 (0.4%) from FY 2026. At 30% of income, a household needs about $56,400 a year to afford it.
- $1,4102-bedroom FMR+$6 (+0.4%) vs FY 2026
- $1,0781-bedroom FMRMontana: $1,223 · U.S.: $1,478
- $56,400Income for a 2-bedroom$27/hour full-time
- 20 of 562BR rank in Montana1 = highest rent
| Unit | Jefferson County FY 2027 | FY 2026 | Change | Montana avg | U.S. avg | Income needed |
|---|---|---|---|---|---|---|
| Studio | $982 | $968 | +$14 (+1.4%) | $1,114 | $1,379 | $39,280 |
| 1 bedroom | $1,078 | $1,070 | +$8 (+0.7%) | $1,223 | $1,478 | $43,120 |
| 2 bedrooms | $1,410 | $1,404 | +$6 (+0.4%) | $1,529 | $1,761 | $56,400 |
| 3 bedrooms | $1,847 | $1,946 | −$99 (−5.1%) | $2,086 | $2,266 | $73,880 |
| 4 bedrooms | $1,854 | $1,954 | −$100 (−5.1%) | $2,430 | $2,607 | $74,160 |
How Jefferson County compares
- HUD sets this rent for the Jefferson County, MT metro FMR area, which covers 12,774 residents in 1 county.
- Across Montana, 2-bedroom FMRs run from $1,014 (Phillips County) to $2,109 (Gallatin County).
- Studio to 4-bedroom: $982, $1,078, $1,410, $1,847, $1,854. HUD derives the other sizes from the 2-bedroom figure with fixed ratios, adjusted where local data warrant.
- HUD also publishes ZIP-level Small Area FMRs. For the 6 ZIP codes mostly in Jefferson County (by land area), the 2-bedroom figure ranges from $1,320 to $1,610.
Small Area FMRs by ZIP code in Jefferson County
| ZIP | Studio | 1BR | 2BR | 3BR | 4BR | 2BR vs FY 2026 | 2BR vs area FMR |
|---|---|---|---|---|---|---|---|
| 59631 | $1,000 | $1,130 | $1,350 | $1,850 | $2,080 | −$30 (−2.2%) | 4% below |
| 59632 | $920 | $1,010 | $1,320 | $1,760 | $1,770 | +$90 (+7.3%) | 6% below |
| 59634 | $1,120 | $1,230 | $1,610 | $2,190 | $2,270 | −$140 (−8.0%) | 14% above |
| 59638 | $1,050 | $1,150 | $1,510 | $1,980 | $2,000 | −$50 (−3.2%) | 7% above |
| 59721 | $1,040 | $1,090 | $1,390 | $1,870 | $2,330 | +$40 (+3.0%) | 1% below |
| 59759 | $1,040 | $1,090 | $1,390 | $1,870 | $2,330 | −$60 (−4.1%) | 1% below |
Sources
- U.S. Department of Housing and Urban Development, HUD User Fair Market Rents: FY 2027 FMRs (file dated August 26, 2026) and FY 2026 FMRs (file dated April 21, 2026).
- HUD User Small Area Fair Market Rents: FY 2027 SAFMRs (file dated August 31, 2026) and FY 2026 SAFMRs (file dated April 21, 2026).
- ZIP-to-county assignment: Census Bureau 2020 ZCTA-to-county relationship file (file dated December 9, 2021), largest land-area overlap.
Fair Market Rents are HUD’s estimate of gross rent (rent plus utilities) for a modest unit, set at the 40th percentile of recent-mover rents. FY 2027 is HUD’s fiscal year beginning October 1, 2026. Housing authorities set voucher payment standards from these figures; check yours.