Teton County, MT: Fair Market Rent 2027 and Income Limits

Official HUD figures for landlords and renters, effective October 1, 2026 (rents) and May 1, 2026 (income limits).

$1,3632-bedroom FMR, FY2027

$1,2051-bedroom FMR, FY2027

$72,80080% income limit, family of 4 (FY2026)

$90,100Median family income (FY2026)

The FY2027 Fair Market Rent for a two-bedroom unit in Teton County is $1,363 a month, up 0.2% from $1,360 in FY2026. Teton County belongs to the Teton County, MT FMR area (non-metro county), so the same figures apply across that area. FMRs are gross rents: rent plus all tenant-paid utilities except phone, cable and internet.

Fair market rent in Teton County by bedroom count

Unit size	FY2027 FMR	FY2026 FMR	Change	Payment standard range (90–110%)
Studio	$1,042	$1,019	+2.3%	$938 – $1,146
1 bedroom	$1,205	$1,241	−2.9%	$1,085 – $1,325
2 bedrooms	$1,363	$1,360	+0.2%	$1,227 – $1,499
3 bedrooms	$1,887	$1,891	−0.2%	$1,699 – $2,075
4 bedrooms	$2,278	$2,171	+4.9%	$2,051 – $2,505

Source: HUD Fair Market Rents FY2027 (effective October 1, 2026) and FY2026 (revised file), details.

What can a landlord charge a Section 8 tenant here?

The FMR is not a cap on what you can ask on the open market. For a Housing Choice Voucher tenant, the local housing authority sets a payment standard, normally between 90% and 110% of the FMR (or of the ZIP-level Small Area FMR where those apply). For a two-bedroom unit in Teton County that is typically $1,227 to $1,499 including utilities. You can charge more than the payment standard if the rent passes the housing authority's rent-reasonableness test and, at move-in, the tenant's share stays within 40% of their adjusted monthly income. Ask the housing authority for its current payment standard schedule.

Can local renters afford the fair market rent?

$43,333median income of renter households

$730Median gross rent, all units

20%Rent-to-income ratio (median rent ÷ median renter income)

42%of renter households pay 30% or more of income on rent

At the 30% rule, a renter household earning the local median of $43,333 can afford about $1,083 a month including utilities. The FY2027 two-bedroom Fair Market Rent of $1,363 is $280 (25.8%) more than that. To rent a two-bedroom at the FMR, a household needs $54,520 a year under the 30% rule, or $49,068 under the common landlord rule that income must be three times the rent.

Teton County, ACS 2020–2024	Estimate ± MOE
Median gross rent (rent + utilities)	$730 ±$76
Median income of renter households	$43,333 ±$13,046
Renters paying 30% or more of income (cost-burdened)	41.8% ±10.6
Renters paying 50% or more (severely cost-burdened)	18.2% ±8.2
Renter households (where the share can be computed)	467

Change since 2015–2019

	ACS 2015–2019	ACS 2020–2024	Change
Median gross rent	$777	$730	−6.0%
Median renter household income	$36,842	$43,333	+17.6%
Renters paying 30%+ of income	43.6%	41.8%	−1.8 pts

Rent-to-income calculator: does an applicant qualify? → · Most affordable counties to rent in this state →

Source: U.S. Census Bureau, American Community Survey 5-Year Estimates 2020–2024 and 2015–2019 (tables B25064, B25119, B25070). ± = margin of error at 90% confidence. Dollar figures are not adjusted for inflation.

HUD income limits for Teton County (FY2026)

Income limits decide who qualifies for Section 8 vouchers, public housing and most HUD-assisted units. The area median family income is $90,100 (FY2025: $89,500, +0.7%). Small figures under each limit show the change from FY2025.

Household size	1 person	2 people	3 people	4 people	5 people	6 people	7 people	8 people
Extremely low income (30%)	$19,150 +1.9%	$21,850 +1.6%	$27,320 +2.5%	$33,000 +2.6%	$38,680 +2.7%	$44,360 +2.8%	$50,040 +2.9%	$55,720 +2.9%
Very low income (50%)	$31,850 +1.6%	$36,400 +1.7%	$40,950 +1.6%	$45,500 +1.7%	$49,150 +1.7%	$52,800 +1.6%	$56,450 +1.7%	$60,100 +1.7%
Low income (80%)	$51,000 +1.7%	$58,250 +1.7%	$65,550 +1.7%	$72,800 +1.7%	$78,650 +1.7%	$84,450 +1.6%	$90,300 +1.7%	$96,100 +1.6%

The 30% limit is HUD's “extremely low income” limit: the higher of 30% of median income or the federal poverty guideline, but never above the 50% limit. That is why it can rise faster than 30% of median for larger households. Tax-credit (LIHTC) properties use separate Multifamily Tax Subsidy Project limits.

Source: HUD Section 8 Income Limits FY2026 (effective May 1, 2026) and FY2025, details.