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59636

ZIPSAFMR
Lewis and Clark County, MT
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ZIP Investment Score

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095130300
BRFMR
Eff. Rent
0 BR$1,330$1,400
1 BR$1,530$1,480
2 BR$1,910$1,760
3 BR$2,650$2,150
4 BR$2,770$2,370
5 BR$3,185Not available
6 BR$3,663Not available
7 BR$4,213Not available
8 BR$4,845Not available

Purchase Price Calculator

Maximum purchase price
$199,619

Cost breakdown

+Likely effective rent$1,760
HUD FMR$1,910
Market rentUsed$1,760
Est. payment standard (95%)$1,810
-Principal and interest-$1,009
Loan amount$159,695
Down payment$39,924
Rate6.50%
Term30 years
-Operating costs-$551
Property taxes-$200
Insurance-$175
Utilities$0
HOA$0
Management-$176
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$28,270(70.8% ROI)
Projected value
$214,968
Return breakdown
Property appreciation+$15,349
Loan principal paid down+$5,721
Rental cash flow+$7,200
5-year hold
+$48,434(121.3% ROI)
Projected value
$225,850
Return breakdown
Property appreciation+$26,232
Loan principal paid down+$10,203
Rental cash flow+$12,000
10-year hold
+$104,222(261.1% ROI)
Projected value
$255,529
Return breakdown
Property appreciation+$55,910
Loan principal paid down+$24,312
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.92
1 BR
1.03
2 BR
1.09
3 BR
1.23
4 BR
1.17
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
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Tax rate
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Mortgage rate
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ZIP 59636 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 59636 (Fort Harrison, MT) is $1,910 a month. That is unchanged from FY 2026. Fort Harrison 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, 59636 has the 3rd-highest two-bedroom rent (county range $1,120–$2,040). The median county two-bedroom FMR in Montana is $1,310, so ZIP 59636 is 46% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 59636
BedroomsFY 2027Change90–110% range
Studio$1,330+0.8%$1,197–$1,463
1BR$1,5300.0%$1,377–$1,683
2BR$1,9100.0%$1,719–$2,101
3BR$2,650+1.5%$2,385–$2,915
4BR$2,770−4.5%$2,493–$3,047

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 59636
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,330$1,530$1,910$2,650$2,770
FY 2026$1,320$1,530$1,910$2,610$2,900
FY 2025$1,280$1,470$1,860$2,460$2,800
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

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 59636
59620$1,650−13.6%
59623$1,650−13.6%
59624$1,650−13.6%
59625$1,650−13.6%
59626$1,650−13.6%
59633$1,480−22.5%
59634$1,610−15.7%
59635$1,520−20.4%
59636Current$1,910—
59639$1,120−41.4%
59640$2,040+6.8%
59648$1,690−11.5%

Questions about ZIP 59636 rents

How much will Section 8 pay for a two-bedroom in ZIP 59636?

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 $1,910 it would be $1,719 to $2,101. 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 59636 in?

ZIP 59636 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 59636 for FY 2027?

The two-bedroom FMR was unchanged at $1,910 in FY 2027. Since FY 2025 it has risen 2.7%.

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