FMR is near market; voucher and private rents are aligned.
0.96
1 BR
1 BR
0.89ratio
FMR$1,320
Market$1,490
vs market-$170
FMR is below market; voucher rent may lag private rents.
0.89
2 BR
2 BR
0.94ratio
FMR$1,650
Market$1,760
vs market-$110
FMR is near market; voucher and private rents are aligned.
0.94
3 BR
3 BR
1.00ratio
FMR$2,280
Market$2,270
vs market+$10
FMR is near market; voucher and private rents are aligned.
1.00
4 BR
4 BR
0.96ratio
FMR$2,390
Market$2,490
vs market-$100
FMR is near market; voucher and private rents are aligned.
0.96
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
--
ZIP 59624 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 59624 (Helena, MT) is $1,650 a month. That is unchanged from FY 2026. Helena is in the Lewis and Clark County, MT HUD Metro 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 metro-wide two-bedroom FMR of $1,653. Among 17 ZIP codes in Lewis and Clark County, 59624 is tied for the 5th-highest two-bedroom rent (county range $1,120–$2,040). The median county two-bedroom FMR in Montana is $1,310, so ZIP 59624 is 26% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 59624
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$1,140
$1,150
+0.9%
$1,035–$1,265
1BR
$1,320
$1,320
0.0%
$1,188–$1,452
2BR
$1,650
$1,650
0.0%
$1,485–$1,815
3BR
$2,250
$2,280
+1.3%
$2,052–$2,508
4BR
$2,500
$2,390
−4.4%
$2,151–$2,629
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 59624
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$1,150
$1,320
$1,650
$2,280
$2,390
FY 2026
$1,140
$1,320
$1,650
$2,250
$2,500
FY 2025
$1,100
$1,260
$1,600
$2,110
$2,400
FY 2024area FMR
$729
$837
$1,057
$1,370
$1,575
FY 2023area FMR
$683
$791
$1,003
$1,292
$1,498
Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.
Two-bedroom rent in nearby Lewis and Clark County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 59624?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,653, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,488 to $1,818 a month; under the ZIP-level Small Area FMR of $1,650 it would be $1,485 to $1,815. 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 59624 in?
ZIP 59624 is in the Lewis and Clark County, MT HUD Metro FMR Area. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,653.
How much did fair market rent change in ZIP 59624 for FY 2027?
The two-bedroom FMR was unchanged at $1,650 in FY 2027. Since FY 2025 it has risen 3.1%.
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