Sheridan County, MT · FY2026 area median income $94,800 · effective May 1, 2026
Check whether a deal here pencils →| Unit | 20% | 30% | 40% | 50% | 60% | 70% | 80% |
|---|---|---|---|---|---|---|---|
| Studio | $332 | $498 | $664 | $830 | $996 | $1,162 | $1,328 |
| 1BR | $355 | $533 | $711 | $889 | $1,067 | $1,245 | $1,423 |
| 2BR | $427 | $640 | $854 | $1,067 | $1,281 | $1,494 | $1,708 |
| 3BR | $493 | $739 | $986 | $1,232 | $1,479 | $1,725 | $1,972 |
| 4BR | $550 | $825 | $1,100 | $1,375 | $1,650 | $1,925 | $2,200 |
Gross rent includes utilities. Subtract the utility allowance for the rent you can charge.
| Household | 30% | 50% | 60% | 80% |
|---|---|---|---|---|
| 1 person | $19,920 | $33,200 | $39,840 | $53,120 |
| 2 persons | $22,770 | $37,950 | $45,540 | $60,720 |
| 3 persons | $25,620 | $42,700 | $51,240 | $68,320 |
| 4 persons | $28,440 | $47,400 | $56,880 | $75,840 |
| 5 persons | $30,720 | $51,200 | $61,440 | $81,920 |
| 6 persons | $33,000 | $55,000 | $66,000 | $88,000 |
| 7 persons | $35,280 | $58,800 | $70,560 | $94,080 |
| 8 persons | $37,560 | $62,600 | $75,120 | $100,160 |
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 Sheridan County to see the sources and uses, bond test, DSCR, and funding gap using these rents.