ZIP 59538 Fair Market Rent FY2027

Small Area Fair Market Rents for ZIP code 59538 in the Phillips County, MT FMR area.

$780Efficiency
$9401 bedroom
$1,0202 bedrooms
$1,4103 bedrooms
$1,6804 bedrooms

Payment standard range

Unit sizeSAFMR90%110%Metro FMR
Efficiency$780$702$858$775
1 bedroom$940$846$1,034$931
2 bedrooms$1,020$918$1,122$1,014
3 bedrooms$1,410$1,269$1,551$1,404
4 bedrooms$1,680$1,512$1,848$1,666

Housing authorities may set voucher payment standards from 90% to 110% of the FMR that applies to them.

Income in ZIP 59538

$62,285average adjusted gross income per tax return (2022)
$35,423average salaries and wages per return
1,340tax returns filed
20%of average income for a 2-bedroom SAFMR
Adjusted gross incomeShare of returns
$1 to $25,00032.1%
$25,000 to $50,00023.1%
$50,000 to $75,00016.4%
$75,000 to $100,00011.2%
$100,000 to $200,00013.4%
$200,000 or more3.7%

IRS Statistics of Income, individual income tax returns by ZIP code, tax year 2022. 14.2% of returns claimed the Earned Income Tax Credit.

Questions and answers

What is the Small Area Fair Market Rent for ZIP code 59538?

HUD's FY2027 Small Area FMRs for ZIP 59538 (Phillips County, MT) are $780 efficiency, $940 one bedroom, $1,020 two bedrooms, $1,410 three and $1,680 four bedrooms.

What payment standard can a housing authority set in ZIP 59538?

Public housing agencies may set voucher payment standards between 90% and 110% of the Small Area FMR – for a two-bedroom unit $918 to $1,122.

How affordable is rent in ZIP 59538?

Tax returns filed from ZIP 59538 reported an average adjusted gross income of $62,285 (2022). A two-bedroom unit at the Small Area FMR costs $12,240 a year, or 20% of that income.