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Gallatin County/Belgrade/59714

59714

ZIPSAFMR
Gallatin County, MT
Zillow

ZIP Investment Score

60Below average

095130300
BRFMR
Eff. Rent
0 BR$1,430$1,430
1 BR$1,570$1,580
2 BR$2,050$1,870
3 BR$2,840$2,460
4 BR$3,390$3,020
5 BR$3,898Not available
6 BR$4,483Not available
7 BR$5,156Not available
8 BR$5,929Not available

Purchase Price Calculator

Maximum purchase price
$215,965

Cost breakdown

+Likely effective rent$1,870
HUD FMR$2,050
Market rentUsed$1,870
Est. payment standard (94%)$1,930
-Principal and interest-$1,092
Loan amount$172,772
Down payment$43,193
Rate6.50%
Term30 years
-Operating costs-$578
Property taxes-$216
Insurance-$175
Utilities$0
HOA$0
Management-$187
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$29,996(69.4% ROI)
Projected value
$232,570
Return breakdown
Property appreciation+$16,606
Loan principal paid down+$6,190
Rental cash flow+$7,200
5-year hold
+$51,418(119.0% ROI)
Projected value
$244,344
Return breakdown
Property appreciation+$28,380
Loan principal paid down+$11,038
Rental cash flow+$12,000
10-year hold
+$110,791(256.5% ROI)
Projected value
$276,453
Return breakdown
Property appreciation+$60,488
Loan principal paid down+$26,303
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

1 BR
0.99
2 BR
1.10
3 BR
1.15
4 BR
1.12
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 59714 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 59714 (Belgrade, MT) is $2,050 a month. That is up 1.0% from $2,030 in FY 2026. Belgrade is in the Bozeman, MT MSA. 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 $2,109. Among 14 ZIP codes in Gallatin County, 59714 has the 8th-highest two-bedroom rent (county range $1,940–$2,380). The median county two-bedroom FMR in Montana is $1,310, so ZIP 59714 is 56% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 59714
BedroomsFY 2027Change90–110% range
Studio$1,430+2.1%$1,287–$1,573
1BR$1,570+1.3%$1,413–$1,727
2BR$2,050+1.0%$1,845–$2,255
3BR$2,840+0.7%$2,556–$3,124
4BR$3,390+1.8%$3,051–$3,729

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 59714
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,430$1,570$2,050$2,840$3,390
FY 2026$1,400$1,550$2,030$2,820$3,330
FY 2025$1,370$1,540$1,980$2,770$3,280
FY 2024area FMR$901$999$1,275$1,797$2,164
FY 2023area FMR$819$894$1,164$1,654$1,983

Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.

Two-bedroom rent in nearby Gallatin County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 59714
59714Current$2,050—
59715$1,940−5.4%
59716$2,230+8.8%
59718$2,380+16.1%
59719$2,110+2.9%
59729$1,980−3.4%
59730$2,250+9.8%
59741$2,140+4.4%
59752$1,940−5.4%
59758$1,940−5.4%
59760$1,940−5.4%
59771$2,110+2.9%

Questions about ZIP 59714 rents

How much will Section 8 pay for a two-bedroom in ZIP 59714?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $2,109, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,898 to $2,320 a month; under the ZIP-level Small Area FMR of $2,050 it would be $1,845 to $2,255. 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 59714 in?

ZIP 59714 is in the Bozeman, MT MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $2,109.

How much did fair market rent change in ZIP 59714 for FY 2027?

The two-bedroom FMR rose 1.0%, from $2,030 in FY 2026 to $2,050 in FY 2027. Since FY 2025 it has risen 3.5%.

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

County fair market rentBelgrade, MT fair market rentMT statewide rentsWhat is SAFMR?Data sources