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Gallatin County/Bozeman/59718

59718

ZIPSAFMR
Gallatin County, MT
Zillow

ZIP Investment Score

67Below average

095130300
BRFMR
Eff. Rent
0 BR$1,660$1,660
1 BR$1,820$1,800
2 BR$2,380$2,210
3 BR$3,300$3,080
4 BR$3,940$3,360
5 BR$4,531Not available
6 BR$5,211Not available
7 BR$5,992Not available
8 BR$6,891Not available

Purchase Price Calculator

Maximum purchase price
$266,489

Cost breakdown

+Likely effective rent$2,210
HUD FMR$2,380
Market rentUsed$2,210
Est. payment standard (95%)$2,270
-Principal and interest-$1,348
Loan amount$213,191
Down payment$53,298
Rate6.50%
Term30 years
-Operating costs-$662
Property taxes-$266
Insurance-$175
Utilities$0
HOA$0
Management-$221
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$35,329(66.3% ROI)
Projected value
$286,979
Return breakdown
Property appreciation+$20,490
Loan principal paid down+$7,638
Rental cash flow+$7,200
5-year hold
+$60,640(113.8% ROI)
Projected value
$301,507
Return breakdown
Property appreciation+$35,019
Loan principal paid down+$13,621
Rental cash flow+$12,000
10-year hold
+$131,095(246.0% ROI)
Projected value
$341,128
Return breakdown
Property appreciation+$74,639
Loan principal paid down+$32,456
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
1.00
1 BR
1.01
2 BR
1.08
3 BR
1.07
4 BR
1.17
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 59718 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 59718 (Bozeman, MT) is $2,380 a month. That is down 1.7% from $2,420 in FY 2026. Bozeman 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, 59718 has the highest two-bedroom rent (county range $1,940–$2,380). The median county two-bedroom FMR in Montana is $1,310, so ZIP 59718 is 82% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 59718
BedroomsFY 2027Change90–110% range
Studio$1,660−0.6%$1,494–$1,826
1BR$1,820−1.1%$1,638–$2,002
2BR$2,380−1.7%$2,142–$2,618
3BR$3,300−2.1%$2,970–$3,630
4BR$3,940−0.8%$3,546–$4,334

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 59718
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,660$1,820$2,380$3,300$3,940
FY 2026$1,670$1,840$2,420$3,370$3,970
FY 2025$1,530$1,710$2,200$3,080$3,640
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. 59718
59714$2,050−13.9%
59715$1,940−18.5%
59716$2,230−6.3%
59718Current$2,380—
59719$2,110−11.3%
59729$1,980−16.8%
59730$2,250−5.5%
59741$2,140−10.1%
59752$1,940−18.5%
59758$1,940−18.5%
59760$1,940−18.5%
59771$2,110−11.3%

Questions about ZIP 59718 rents

How much will Section 8 pay for a two-bedroom in ZIP 59718?

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 $2,380 it would be $2,142 to $2,618. 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 59718 in?

ZIP 59718 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 59718 for FY 2027?

The two-bedroom FMR fell 1.7%, from $2,420 in FY 2026 to $2,380 in FY 2027. Since FY 2025 it has risen 8.2%.

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