FMR is below market; voucher rent may lag private rents.
0.68
1 BR
1 BR- 59870
0.68ratio
FMR$1,190
Market$1,740
vs market-$550
FMR is below market; voucher rent may lag private rents.
0.68
2 BR
2 BR- 59870
0.78ratio
FMR$1,460
Market$1,880
vs market-$420
FMR is below market; voucher rent may lag private rents.
0.78
3 BR
3 BR- 59870
0.94ratio
FMR$2,020
Market$2,150
vs market-$130
FMR is near market; voucher and private rents are aligned.
0.94
4 BR
4 BR- 59870
1.14ratio
FMR$2,440
Market$2,140
vs market+$300
FMR is above market; underwrite to market rent.
1.14
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
--
Stevensville, MT fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in Stevensville, MT is $1,460 a month. That is up 3.5% from $1,410 in FY 2026. Stevensville 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 Stevensville is 11% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for Stevensville, MT
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,110
$1,120
+0.9%
$1,008–$1,232
1BR
$1,130
$1,190
+5.3%
$1,071–$1,309
2BR
$1,410
$1,460
+3.5%
$1,314–$1,606
3BR
$1,960
$2,020
+3.1%
$1,818–$2,222
4BR
$2,370
$2,440
+3.0%
$2,196–$2,684
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for Stevensville, MT
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,120
$1,190
$1,460
$2,020
$2,440
FY 2026
$1,110
$1,130
$1,410
$1,960
$2,370
FY 2025
$1,060
$1,070
$1,340
$1,880
$2,250
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 Stevensville, MT rents
How much will Section 8 pay for a two-bedroom in Stevensville, 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 $1,460 it would be $1,314 to $1,606. 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 Stevensville, MT in?
Stevensville, 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 Stevensville, MT for FY 2027?
The two-bedroom FMR rose 3.5%, from $1,410 in FY 2026 to $1,460 in FY 2027. Since FY 2025 it has risen 9.0%.
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