Billings, MT HUD Metro FMR Area · FY2026 area median income $113,000 · effective May 1, 2026
Check whether a deal here pencils →| Unit | 20% | 30% | 40% | 50% | 60% | 70% | 80% |
|---|---|---|---|---|---|---|---|
| Studio | $374 | $561 | $748 | $935 | $1,122 | $1,309 | $1,496 |
| 1BR | $400 | $600 | $801 | $1,001 | $1,201 | $1,401 | $1,602 |
| 2BR | $480 | $720 | $961 | $1,201 | $1,441 | $1,681 | $1,922 |
| 3BR | $555 | $832 | $1,110 | $1,388 | $1,665 | $1,943 | $2,221 |
| 4BR | $619 | $929 | $1,239 | $1,548 | $1,858 | $2,168 | $2,478 |
Gross rent includes utilities. Subtract the utility allowance for the rent you can charge.
| Household | 30% | 50% | 60% | 80% |
|---|---|---|---|---|
| 1 person | $22,440 | $37,400 | $44,880 | $59,840 |
| 2 persons | $25,620 | $42,700 | $51,240 | $68,320 |
| 3 persons | $28,830 | $48,050 | $57,660 | $76,880 |
| 4 persons | $32,040 | $53,400 | $64,080 | $85,440 |
| 5 persons | $34,590 | $57,650 | $69,180 | $92,240 |
| 6 persons | $37,170 | $61,950 | $74,340 | $99,120 |
| 7 persons | $39,750 | $66,250 | $79,500 | $106,000 |
| 8 persons | $42,300 | $70,500 | $84,600 | $112,800 |
Rents are capped at 30% of the income limit for an imputed household of 1.5 persons per bedroom, so a two-bedroom unit uses the three-person limit. Under the average income test, units can be designated from 20% to 80% AMI as long as the weighted average stays at or below 60%.
Run a deal in Carbon County to see the sources and uses, bond test, DSCR, and funding gap using these rents.