Location: Park County, MT | Metro: Park County, MT
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,220 |
| 1 Bedroom | $1,420 |
| 2 Bedrooms | $1,740 |
| 3 Bedrooms | $2,400 |
| 4 Bedrooms | $2,900 |
| 5 Bedrooms | $3,364 |
| 6 Bedrooms | $3,768 |
| 7 Bedrooms | $4,069 |
| 8 Bedrooms | $4,272 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,740 | $670,601 | 0.26% | F |
| 3BR | $2,400 | $875,240 | 0.27% | F |
U.S. Census Bureau data (2024)
The economics of Section 8 in ZIP code 59027, which encompasses Emigrant, Montana, in Park County, are straightforward when you understand the components involved. For fiscal year 2026, the SAFMR (Small Area Fair Market Rent) for a two-bedroom apartment in this specific ZIP code is set at $1,770. This figure represents the maximum amount that the housing authority will pay to landlords participating in the Section 8 program.
A voucher payment under Section 8 consists of two primary parts: the tenant's contribution and the government subsidy. Tenants typically contribute 30% of their adjusted income toward rent, while the remainder is covered by the federal government up to the SAFMR limit. Utility allowances can vary but are usually included in the total reimbursement calculation.
To illustrate, if a tenant's monthly adjusted income is $1,000, they would contribute $300 towards rent ($1,000 * 30%). The government would then cover the rest of the SAFMR up to $1,770, minus any utility allowances. Assuming an average utility allowance of $200, the government would pay $1,270 ($1,770 - $300 - $200).
This means the total reimbursement to the landlord would be $1,570 ($300 from the tenant + $1,270 from the government). If the market rent for a two-bedroom apartment in Emigrant, MT, were available, we could compare it against the SAFMR to determine whether there is a surplus or a shortfall. However, since the local market rent is currently N/A, we cannot provide a direct comparison.
In conclusion, for a two-bedroom apartment in ZIP 59027, landlords can expect a reimbursement of $1,570 per month from the Section 8 program, assuming the tenant's income and utility allowances remain consistent with the averages used here. This does not account for any additional costs or revenues that might affect the overall financial picture for landlords, such as maintenance, vacancy rates, or property management fees.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). Demographics from U.S. Census (2024).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.