What is the Fair Market Rent for a 2-bedroom in Golden Valley County, MT HUD Metro FMR Area?

The HUD Fair Market Rent for a 2-bedroom unit in Golden Valley County, MT HUD Metro FMR Area is $750 per month for fiscal year 2021. The studio FMR is $495, 1-bedroom is $569, 3-bedroom is $1,073, and 4-bedroom is $1,232.

What income do you need to afford the FMR in Golden Valley County, MT HUD Metro FMR Area?

Using the standard 30%-of-income affordability rule, a household would need to earn about $30,000 per year ($2,500 per month) to afford the FY2021 2-bedroom Fair Market Rent of $750 in Golden Valley County, MT HUD Metro FMR Area.

FY2021 Fair Market Rents — Golden Valley County, MT HUD Metro FMR Area

The HUD-published Fair Market Rents for FY2021 in this area are:

Studio

$495

1BR

$569

2BR

$750

3BR

$1,073

4BR

$1,232

Hours/week at min wage

55 hrs

to afford the 2BR FMR @ $10.55/hr (MT)

National rank

#511

of 632 U.S. metros (top 82% most expensive)

YoY change (2BR)

-1.1%

$8 vs FY2020

Voucher payment standard

$675–$825

PHAs set HCV payment at 90–110% of the 2BR FMR

Golden Valley County, MT HUD Metro FMR Area

Metropolitan area · MT · View full history · Income limits · LIHTC rents

FY2021 Fair Market Rents

Bedroom Size	Monthly FMR	Annual Equivalent
Efficiency (Studio)	$495	$5,940
1-Bedroom	$569	$6,828
2-Bedroom	$750	$9,000
3-Bedroom	$1,073	$12,876
4-Bedroom	$1,232	$14,784

Recent 2-Bedroom FMR Trend

FY2017 $681 → FY2021 $750

Fiscal Year	Studio	1BR	2BR	3BR	4BR
FY2021	$495	$569	$750	$1,073	$1,232
FY2020	$484	$574	$758	$1,059	$1,289
FY2019	$537	$637	$842	$1,176	$1,432
FY2018	$596	$707	$935	$1,306	$1,591
FY2017	$434	$512	$681	$947	$1,144

View full FMR history back to FY2000 →

FY2021 Income Limits

Area Median Income (AMI): $50,700

AMI Level	1p	2p	3p	4p	5p	6p
30% AMI (Extremely Low)	$15,300	$17,450	$21,960	$26,500	$31,040	$35,580
50% AMI (Very Low)	$25,450	$29,100	$32,750	$36,350	$39,300	$42,200
80% AMI (Low)	$40,750	$46,550	$52,350	$58,150	$62,850	$67,500

Full income limits table (all 8 household sizes) →

Affordability Snapshot

2BR Annual FMR

$9,000/yr

FMR as % of Area Median Income

17.8% of AMI

Under 30% — affordable at median income

Income Needed (30% rule, 2BR)

$30,000/yr

$2,500/mo gross income

FY2021 LIHTC Maximum Rents

Maximum gross rents for Low-Income Housing Tax Credit units, by income band. Full LIHTC details →

AMI Band	Studio	1BR	2BR	3BR	4BR
50% AMI Maximum	$443	$507	$570	$684	$735
60% AMI Maximum	$532	$608	$684	$821	$882

FY2021 HOME Program Rent Limits

Maximum rents for HOME Investment Partnerships–funded units. High HOME rents apply to most assisted units; Low HOME rents apply to the lowest-income set-aside units. Full HOME rent details →

Limit Type	Studio	1BR	2BR	3BR	4BR
High HOME Rent	$495	$569	$750	$823	$823
Low HOME Rent	$636	$727	$818	$908	$982

Compare Golden Valley County, MT HUD Metro FMR Area With Other MT Metros

vs. Billings, MT HUD Metro FMR Area vs. Bozeman, MT MSA vs. Broadwater County, MT HUD Metro FMR Area vs. Great Falls, MT MSA vs. Jefferson County, MT HUD Metro FMR Area