FY2026 Fair Market Rents — Lake County, MT
The HUD-published Fair Market Rents for FY2026 in this area are:
Studio
$1,097
1BR
$1,104
2BR
$1,444
3BR
$1,865
4BR
$1,990
Hours/week at min wage
106 hrs
to afford the 2BR FMR @ $10.55/hr (MT)
YoY change (2BR)
+3.1%
+$44 vs FY2025 · 5-yr +70.7%
Voucher payment standard
$1,300–$1,588
PHAs set HCV payment at 90–110% of the 2BR FMR
Lake County, MT
Non-Metropolitan area · MT · View full history · Income limits · LIHTC rents
FY2026 Fair Market Rents
| Bedroom Size | Monthly FMR | Annual Equivalent |
|---|---|---|
| Efficiency (Studio) | $1,097 | $13,164 |
| 1-Bedroom | $1,104 | $13,248 |
| 2-Bedroom | $1,444 | $17,328 |
| 3-Bedroom | $1,865 | $22,380 |
| 4-Bedroom | $1,990 | $23,880 |
Recent 2-Bedroom FMR Trend
FY2020 $839 → FY2026 $1,444
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $1,097 | $1,104 | $1,444 | $1,865 | $1,990 |
| FY2025 | $1,055 | $1,077 | $1,400 | $1,766 | $1,856 |
| FY2024 | $633 | $743 | $934 | $1,175 | $1,244 |
| FY2023 | $594 | $719 | $888 | $1,110 | $1,193 |
| FY2022 | $534 | $637 | $804 | $1,001 | $1,090 |
| FY2021 | $558 | $656 | $846 | $1,069 | $1,177 |
| FY2020 | $547 | $661 | $839 | $1,075 | $1,209 |
View full FMR history back to FY2000 →
FY2026 Income Limits
Area Median Income (AMI): $83,800
| AMI Level | 1p | 2p | 3p | 4p | 5p | 6p |
|---|---|---|---|---|---|---|
| 30% AMI (Extremely Low) | $19,150 | $21,850 | $27,320 | $33,000 | $38,680 | $44,360 |
| 50% AMI (Very Low) | $31,850 | $36,400 | $40,950 | $45,500 | $49,150 | $52,800 |
| 80% AMI (Low) | $51,000 | $58,250 | $65,550 | $72,800 | $78,650 | $84,450 |
Full income limits table (all 8 household sizes) →
Affordability Snapshot
2BR Annual FMR
$17,328/yr
FMR as % of Area Median Income
20.7% of AMI
Under 30% — affordable at median income
Income Needed (30% rule, 2BR)
$57,760/yr
$4,813/mo gross income
FY2026 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 | $733 | $838 | $942 | $1,131 | $1,215 |
| 60% AMI Maximum | $879 | $1,005 | $1,131 | $1,357 | $1,458 |
FY2026 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 | $1,097 | $1,104 | $1,361 | $1,361 | $1,361 |
| Low HOME Rent | $796 | $910 | $1,023 | $1,137 | $1,228 |
Compare Lake County, MT With Other MT Metros
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