FMR is below market; voucher rent may lag private rents.
0.74
1 BR
1 BR- 59840
0.79ratio
FMR$1,140
Market$1,450
vs market-$310
FMR is below market; voucher rent may lag private rents.
0.79
2 BR
2 BR- 59840
0.87ratio
FMR$1,400
Market$1,610
vs market-$210
FMR is below market; voucher rent may lag private rents.
0.87
3 BR
3 BR- 59840
1.01ratio
FMR$1,940
Market$1,930
vs market+$10
FMR is near market; voucher and private rents are aligned.
1.01
4 BR
4 BR- 59840
1.16ratio
FMR$2,340
Market$2,020
vs market+$320
FMR is above market; underwrite to market rent.
1.16
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--
Hamilton, MT fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Hamilton, MT is $1,400 a month. That is down 0.7% from $1,410 in FY 2026. Hamilton is in the Ravalli County, MT non-metropolitan FMR area. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the county-wide two-bedroom FMR of $1,426. The median county two-bedroom FMR in Montana is $1,310, so Hamilton is 7% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Hamilton, MT
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,110
$1,070
−3.6%
$963–$1,177
1BR
$1,130
$1,140
+0.9%
$1,026–$1,254
2BR
$1,410
$1,400
−0.7%
$1,260–$1,540
3BR
$1,960
$1,940
−1.0%
$1,746–$2,134
4BR
$2,370
$2,340
−1.3%
$2,106–$2,574
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Hamilton, MT
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,070
$1,140
$1,400
$1,940
$2,340
FY 2026
$1,110
$1,130
$1,410
$1,960
$2,370
FY 2025
$1,100
$1,110
$1,390
$1,950
$2,330
FY 2024area FMR
$674
$718
$928
$1,304
$1,575
FY 2023area FMR
$633
$671
$878
$1,226
$1,496
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
Questions about Hamilton, MT rents
How much will Section 8 pay for a two-bedroom in Hamilton, MT?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,426, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,283 to $1,569 a month; under the ZIP-level Small Area FMR of $1,400 it would be $1,260 to $1,540. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.
Which HUD fair market rent area is Hamilton, MT in?
Hamilton, MT is in the Ravalli County, MT non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,426.
How much did fair market rent change in Hamilton, MT for FY 2027?
The two-bedroom FMR fell 0.7%, from $1,410 in FY 2026 to $1,400 in FY 2027. Since FY 2025 it has risen 0.7%.
When do FY 2027 fair market rents take effect?
HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.
Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set