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Ravalli County/Corvallis/59828

59828

ZIPSAFMR
Ravalli County, MT
Zillow

ZIP Investment Score

42Below average

095130300
BRFMR
Eff. Rent
0 BR$1,250$1,380
1 BR$1,330$1,430
2 BR$1,630$1,660
3 BR$2,250$1,930
4 BR$2,720$2,010
5 BR$3,128Not available
6 BR$3,597Not available
7 BR$4,137Not available
8 BR$4,757Not available

Purchase Price Calculator

Maximum purchase price
$184,759

Cost breakdown

+Likely effective rent$1,660
HUD FMR$1,630
Market rent$1,670
Est. payment standard (102%)Used$1,660
-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
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
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
Return breakdown
Property appreciation+$51,748
Loan principal paid down+$22,502
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Studio
0.78
1 BR
0.89
2 BR
0.98
3 BR
1.17
4 BR
1.35
0.701.001.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--

ZIP 59828 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 59828 (Corvallis, MT) is $1,630 a month. That is down 1.2% from $1,650 in FY 2026. Corvallis is in the Ravalli County, MT non-metropolitan 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 county-wide two-bedroom FMR of $1,426. Among 10 ZIP codes in Ravalli County, 59828 has the 2nd-highest two-bedroom rent (county range $1,290–$1,950). The median county two-bedroom FMR in Montana is $1,310, so ZIP 59828 is 24% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 59828
BedroomsFY 2027Change90–110% range
Studio$1,250−3.1%$1,125–$1,375
1BR$1,3300.0%$1,197–$1,463
2BR$1,630−1.2%$1,467–$1,793
3BR$2,250−1.7%$2,025–$2,475
4BR$2,720−1.8%$2,448–$2,992

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 59828
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$1,250$1,330$1,630$2,250$2,720
FY 2026$1,290$1,330$1,650$2,290$2,770
FY 2025$1,190$1,200$1,510$2,120$2,540
FY 2024area FMR$674$718$928$1,304$1,575
FY 2023area FMR$633$671$878$1,226$1,496

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

Two-bedroom rent in nearby Ravalli County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 59828
59827$1,330−18.4%
59828Current$1,630—
59829$1,330−18.4%
59833$1,530−6.1%
59835$1,430−12.3%
59840$1,400−14.1%
59841$1,950+19.6%
59870$1,460−10.4%
59871$1,290−20.9%
59875$1,350−17.2%

Questions about ZIP 59828 rents

How much will Section 8 pay for a two-bedroom in ZIP 59828?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,426, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,283 to $1,569 a month; under the ZIP-level Small Area FMR of $1,630 it would be $1,467 to $1,793. 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 59828 in?

ZIP 59828 is in the Ravalli County, MT non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,426.

How much did fair market rent change in ZIP 59828 for FY 2027?

The two-bedroom FMR fell 1.2%, from $1,650 in FY 2026 to $1,630 in FY 2027. Since FY 2025 it has risen 7.9%.

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