FY2026 Fair Market Rents — Silver Bow County, MT
The HUD-published Fair Market Rents for FY2026 in this area are:
Studio
$1,028
1BR
$1,149
2BR
$1,414
3BR
$1,967
4BR
$2,180
Hours/week at min wage
104 hrs
to afford the 2BR FMR @ $10.55/hr (MT)
YoY change (2BR)
+3.2%
+$44 vs FY2025 · 5-yr +64.4%
Voucher payment standard
$1,273–$1,555
PHAs set HCV payment at 90–110% of the 2BR FMR
Silver Bow 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) | $1,028 | $12,336 |
| 1-Bedroom | $1,149 | $13,788 |
| 2-Bedroom | $1,414 | $16,968 |
| 3-Bedroom | $1,967 | $23,604 |
| 4-Bedroom | $2,180 | $26,160 |
Recent 2-Bedroom FMR Trend
FY2020 $849 → FY2026 $1,414
| Fiscal Year | Studio | 1BR | 2BR | 3BR | 4BR |
|---|---|---|---|---|---|
| FY2026 | $1,028 | $1,149 | $1,414 | $1,967 | $2,180 |
| FY2025 | $945 | $1,077 | $1,370 | $1,920 | $2,191 |
| FY2024 | $632 | $723 | $932 | $1,240 | $1,538 |
| FY2023 | $606 | $699 | $902 | $1,098 | $1,457 |
| FY2022 | $581 | $663 | $829 | $1,025 | $1,240 |
| FY2021 | $625 | $696 | $860 | $1,070 | $1,189 |
| FY2020 | $623 | $690 | $849 | $1,058 | $1,150 |
View full FMR history back to FY2000 →
FY2026 Income Limits
Area Median Income (AMI): $87,100
| 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
$16,968/yr
FMR as % of Area Median Income
19.5% of AMI
Under 30% — affordable at median income
Income Needed (30% rule, 2BR)
$56,560/yr
$4,713/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 | $762 | $871 | $979 | $1,175 | $1,262 |
| 60% AMI Maximum | $914 | $1,045 | $1,175 | $1,411 | $1,515 |
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 | $1,028 | $1,149 | $1,414 | $1,415 | $1,415 |
| Low HOME Rent | $796 | $910 | $1,023 | $1,137 | $1,228 |
Compare Silver Bow County, MT With Other MT Metros
vs. Billings, MT HUD Metro FMR Area
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vs. Great Falls, MT MSA