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FY2017 Hypothetical Small Area FMRs For Yellowstone County, MT

In metropolitan areas, HUD defines Small Areas using ZIP Codes within the metropolitan area. Using ZIP codes as the basis for FMRs provides tenants with greater ability to move into ?Opportunity Neighborhoods? with jobs, public transportation, and good schools. They also provide for multiple payment standards within a metropolitan area, and they are likely to reduce need for extensive market area rent reasonableness studies. Lastly, HUD hopes that setting FMRs for each ZIP code will reduce overpayment in lower-rent areas.

Yellowstone County is part of the Billings, MT MSA.

Yellowstone County, MT Hypothetical Small Area FMRs By Unit Bedrooms
ZIP Code Efficiency One-Bedroom Two-Bedroom Three-Bedroom Four-Bedroom ZIP/CBSA Ratio
59002 $620 $730 $970 $1,350 $1,630 1.130
59006 $550 $650 $860 $1,200 $1,440 1.002
59015 $540 $630 $840 $1,170 $1,410 0.974
59024 $450 $530 $700 $970 $1,180 0.817
59037 $640 $760 $1,010 $1,400 $1,700 1.175
59044 $480 $570 $760 $1,060 $1,280 0.883
59057 $550 $650 $860 $1,200 $1,440 1.002
59063 $550 $650 $860 $1,200 $1,440 1.002
59064 $550 $650 $860 $1,200 $1,440 1.002
59079 $690 $810 $1,080 $1,500 $1,810 1.254
59088 $550 $650 $860 $1,200 $1,440 1.002
59101 $500 $590 $780 $1,080 $1,310 0.911
59102 $610 $720 $960 $1,340 $1,610 1.113
59103 $550 $650 $860 $1,200 $1,440 1.002
59104 $550 $650 $860 $1,200 $1,440 1.002
59105 $560 $660 $880 $1,220 $1,480 1.029
59106 $630 $740 $990 $1,380 $1,660 1.154
59107 $550 $650 $860 $1,200 $1,440 1.002
59108 $550 $650 $860 $1,200 $1,440 1.002

* Small Area FMRs presented with an asterisk are calculated in accordance with the Guidance For Preparing Comments on Small Area FMRs available at here.

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