About This Property
Coad III is a six-unit affordable housing property in Missoula, Montana that serves families through low-income rental units. The property contains two two-bedroom and four three-bedroom units and has been in service since 1995. This development receives 9% Low-Income Housing Tax Credit financing.
Waitlist Information
Waitlist managed by Missoula Housing Authority
Applicants' income must be at or below 50% of the Area Median Income; tenants pay 30% of their income toward housing; some properties may have 55+ age requirements.
Household income must be at or below 50% of the area median income; wait time is typically 1 to 4 years; participants pay 30% of their income toward rent.
Waitlist data provided by section8waitlist.org
Updated April 17, 2026
Property Details
Fair Market Rent - Missoula County, MT
FMR represents the estimated amount needed to cover rent and utilities for a moderately-priced unit in this area.
| Bedrooms | FMR |
|---|---|
| Studio/Efficiency | $845 |
| 1 Bedroom | $988 |
| 2 Bedroom | $1,203 |
| 3 Bedroom | $1,695 |
| 4 Bedroom | $2,041 |
Income Limits - Missoula County, MT
Annual income limits by household size used to determine eligibility for affordable housing programs.
- Extremely Low (30%)
- $15,800
- Very Low (50%)
- $26,350
- Low (80%)
- $42,150
- Extremely Low (30%)
- $18,050
- Very Low (50%)
- $30,100
- Low (80%)
- $48,150
- Extremely Low (30%)
- $21,960
- Very Low (50%)
- $33,850
- Low (80%)
- $54,150
- Extremely Low (30%)
- $26,500
- Very Low (50%)
- $37,600
- Low (80%)
- $60,150
- Extremely Low (30%)
- $31,040
- Very Low (50%)
- $40,650
- Low (80%)
- $65,000
- Extremely Low (30%)
- $35,580
- Very Low (50%)
- $43,650
- Low (80%)
- $69,800
- Extremely Low (30%)
- $40,120
- Very Low (50%)
- $46,650
- Low (80%)
- $74,600
- Extremely Low (30%)
- $44,660
- Very Low (50%)
- $49,650
- Low (80%)
- $79,400
| Household | Extremely Low (30%) | Very Low (50%) | Low (80%) |
|---|---|---|---|
| 1 Person | $15,800 | $26,350 | $42,150 |
| 2 Persons | $18,050 | $30,100 | $48,150 |
| 3 Persons | $21,960 | $33,850 | $54,150 |
| 4 Persons | $26,500 | $37,600 | $60,150 |
| 5 Persons | $31,040 | $40,650 | $65,000 |
| 6 Persons | $35,580 | $43,650 | $69,800 |
| 7 Persons | $40,120 | $46,650 | $74,600 |
| 8 Persons | $44,660 | $49,650 | $79,400 |
Tax Credit Program Details
Frequently Asked Questions
What is the average rent for affordable housing in Missoula, MT?+
The Fair Market Rent (FMR) for Missoula County, MT is: $845 (Studio), $988 (1BR), $1203 (2BR), $1695 (3BR), $2041 (4BR). Actual rent at subsidized properties like Coad Iii is typically 30% of household income or less.
What size apartments are available at Coad Iii?+
Coad Iii offers the following unit types: 2 Two-Bedroom, 4 Three-Bedroom units, for a total of 6 units.
What are the income limits for affordable housing in Missoula County, MT?+
For a 4-person household in Missoula County, MT, the income limits are: Extremely Low Income (30% AMI): $26,500, Very Low Income (50% AMI): $37,600, Low Income (80% AMI): $60,150. These limits are set by HUD and updated annually.
Who manages Coad Iii?+
Coad Iii is managed by . You can reach them at . Visit their website for more information.
What is the price range for apartments in Missoula, MT?+
Based on Fair Market Rent for Missoula County, the estimated price range is: 2-bedroom: $1203, 3-bedroom: $1695. Actual rent at Coad Iii may be lower for income-eligible households.
Who is eligible to live at Coad Iii?+
Coad Iii primarily serves families, Handicapped. All applicants must also meet income eligibility requirements for the area. Contact the property for specific eligibility criteria.
Is there a waitlist for Coad Iii?+
Public Housing waitlist is currently Open. Section 8 (HCV) waitlist is currently Open. Waitlist status can change frequently, so check back regularly or contact the housing authority directly for the most up-to-date information.
How do I apply for housing at Coad Iii?+
Coad Iii is a Low-Income Housing Tax Credit (LIHTC) property. To apply, you can start by calling , or visiting their website, or contacting the property management office. Contact the property to learn about availability and application requirements. Eligibility is based on income limits set for the area.
Contact Information
Walk Score
Somewhat Walkable
Nearby Schools
Ratings provided by GreatSchools.org. Ratings are on a 1-10 scale.
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