Not enough rental comps in this area to determine how FMR aligns with current market rates.
Historical
FY 2023-2027
FMR
FY2027
Property value
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Tax rate
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Mortgage rate
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ZIP 59319 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 59319 (Capitol, MT) is $1,260 a month. That is up 15.6% from $1,090 in FY 2026. Capitol is in the Carter 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 $1,247. Among 6 ZIP codes in Carter County, 59319 has the 2nd-highest two-bedroom rent (county range $1,120–$1,470). The median county two-bedroom FMR in Montana is $1,310, so ZIP 59319 is 4% below it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 59319
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$800
$890
+11.3%
$801–$979
1BR
$900
$970
+7.8%
$873–$1,067
2BR
$1,090
$1,260
+15.6%
$1,134–$1,386
3BR
$1,310
$1,500
+14.5%
$1,350–$1,650
4BR
$1,730
$2,000
+15.6%
$1,800–$2,200
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 59319
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$890
$970
$1,260
$1,500
$2,000
FY 2026
$800
$900
$1,090
$1,310
$1,730
FY 2025
$700
$770
$1,000
$1,210
$1,570
FY 2024area FMR
$658
$806
$905
$1,275
$1,425
FY 2023area FMR
$596
$731
$826
$1,174
$1,293
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
Two-bedroom rent in nearby Carter County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 59319?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,247, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,122 to $1,372 a month; under the ZIP-level Small Area FMR of $1,260 it would be $1,134 to $1,386. 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 ZIP 59319 in?
ZIP 59319 is in the Carter County, MT non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,247.
How much did fair market rent change in ZIP 59319 for FY 2027?
The two-bedroom FMR rose 15.6%, from $1,090 in FY 2026 to $1,260 in FY 2027. Since FY 2025 it has risen 26.0%.
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