What HUD offices serve Big Sky, Montana?
Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.
Go to the Montana Public Housing and Low-Income Apartments Waiting Lists page for openings near Big Sky.
How many renters live in Big Sky, Montana?
The City of Big Sky has people living in households.
There are renters living in renter households in this City. Renters make up 26.41 percent of the population living in Big Sky.
What is the rental market like in Big Sky, Montana?
There are an estimated housing units in the Big Sky area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Big Sky, Montana, there are 1.46 rental units.
What is the vacancy rate for rentals in Big Sky?
The rental vacancy rate in Big Sky is 32 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.
How many rental units are in Big Sky for each bedroom size?
Occupied Rental Units by Size in Big Sky
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 44 | 71 | 148 | 100 | 20 |
Occupied Rental Units by Size in Big Sky
A large number of apartments in Big Sky have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How Much Is Rent in Big Sky
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $901 to $2,164. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $901 |
| One BR | $999 |
| Two BR | $1,275 |
| Three BR | $1,797 |
| Four BR | $2,164 |
2024 Fair Market Rents in Big Sky, Montana
How many units are rented at Fair Market Rent (FMR) in Big Sky?
Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.
These are the approximate number of units renting below the FMR in this market:
| Unit Size | Count of Units Below FMR | Percentage of Total Units Below FMR |
| Studio | 21 | 48 percent |
| One BR | 14 | 20 percent |
| Two BR | 58 | 39 percent |
Rental Units Below FMR in Big Sky, Montana
How many affordable rental units are in Big Sky?
There are a variety of federal affordable housing programs serving households in Big Sky, Montana including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit |
Tracked Units by Federal Program in Big Sky, Montana
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Big Sky, Montana
Big Sky features 0 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.
Low Rent Apartments in Big Sky, Montana
There are 12 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Big Sky.
Housing Choice Vouchers in Big Sky, Montana
On average, Section 8 Housing Choice vouchers pay Big Sky landlords $0 per month towards rent. The average voucher holder contributes $0 towards rent in Big Sky.
The maximum amount a voucher would pay on behalf of a low-income tenant in Big Sky, Montana for a two-bedroom apartment is between $1,148 and $1,403.
Sourced from federal housing data and AffordableHousingOnline.com research.