59604
ZIPSAFMR
Lewis and Clark County, MT
BRFMR
Eff. Rent
0 BR$1,140$1,250
1 BR$1,320$1,390
2 BR$1,650$1,660
3 BR$2,250$2,120
4 BR$2,500$2,450
5 BR$2,875
6 BR$3,306
7 BR$3,802
8 BR$4,373

Purchase Price Calculator

Maximum purchase price
$184,759

Cost breakdown

+Likely effective rent$1,660
HUD FMR$1,650
Market rent$1,670
Est. payment standard (101%)Used$1,660
Estimated payment standard is $1,660 (101% of FMR).
-Principal and interest-$934
Loan amount$147,807
Down payment$36,952
Rate6.50%
Term30 years
-Operating costs-$526
Property taxes-$185
Insurance-$175
Utilities$0
HOA$0
Management-$166
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$26,702(72.3% ROI)
Projected value
$198,965
Current value$184,759
Return breakdown
Property appreciation+$14,206
Loan principal paid down+$5,296
Rental cash flow+$7,200
5-year hold
+$45,722(123.7% ROI)
Projected value
$209,038
Current value$184,759
Return breakdown
Property appreciation+$24,279
Loan principal paid down+$9,443
Rental cash flow+$12,000
10-year hold
+$98,250(265.9% ROI)
Projected value
$236,507
Current value$184,759
Return breakdown
Property appreciation+$51,748
Loan principal paid down+$22,502
Rental cash flow+$24,000

Upgrade to access AI-powered research tools

Upgrade

Rolodex

Upgrade to access AI-powered research tools

Upgrade

Market Alignment

FMR / market rent by bedroom; grey wings show the 90-110% payment-standard spread.

Studio
Studio
0.75ratio
FMR$1,140
Market$1,520
vs market-$380

FMR is below market; voucher rent may lag private rents.

90% standard$1,026 / 0.68 ratio110% standard$1,254 / 0.83 ratio
0.75
1 BR
1 BR
0.92ratio
FMR$1,320
Market$1,430
vs market-$110

FMR is near market; voucher and private rents are aligned.

90% standard$1,188 / 0.83 ratio110% standard$1,452 / 1.02 ratio
0.92
2 BR
2 BR
0.99ratio
FMR$1,650
Market$1,670
vs market-$20

FMR is near market; voucher and private rents are aligned.

90% standard$1,485 / 0.89 ratio110% standard$1,815 / 1.09 ratio
0.99
3 BR
3 BR
1.06ratio
FMR$2,250
Market$2,120
vs market+$130

FMR is near market; voucher and private rents are aligned.

90% standard$2,025 / 0.96 ratio110% standard$2,475 / 1.17 ratio
1.06
4 BR
4 BR
1.02ratio
FMR$2,500
Market$2,450
vs market+$50

FMR is near market; voucher and private rents are aligned.

90% standard$2,250 / 0.92 ratio110% standard$2,750 / 1.12 ratio
1.02
0.700.800.901.001.101.201.30aligned range

Voucher rents are below market for smaller unit sizes.

Historical
FY 2022-2026

Data freshness

FMR
FY2026
Market rent
last ~365 days
About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for 59604 (MT) for FY 2026. Fair Market Rent (FMR) is a HUD benchmark used to determine payment standards for programs like the Housing Choice Voucher (Section 8) program.

Values are shown for 0–4 bedroom units. In some metro areas HUD publishes Small Area FMR (SAFMR) at the ZIP-code level; otherwise the county/metropolitan-area FMR applies. This result is labeled SAFMR based on HUD's designation for the area and the available data.

Tip: use these numbers as a starting point and confirm local program rules (payment standards may differ from HUD's published FMR). If you're comparing neighborhoods, SAFMR ZIP ranges can highlight variation within the same county.

59604 fair market rent and Section 8 rent limits

The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 59604 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $1,650 and the 4 bedroom fair market rent is $2,500.

Use this page for searches like 59604 FMR, 59604 fair market rent, and 59604 Section 8 payment standards. Local housing authorities can set payment standards above or below published HUD FMR, so confirm program rules before underwriting a property.

FY 2026 Fair Market Rent by bedroom size for 59604
Bedroom sizeHUD FMR
Studio$1,140
1 bedroom$1,320
2 bedroom$1,650
3 bedroom$2,250
4 bedroom$2,500