Location: Albany County, WY | Metro: Cheyenne, WY MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $840 |
| 1 Bedroom | $940 |
| 2 Bedrooms | $1,200 |
| 3 Bedrooms | $1,660 |
| 4 Bedrooms | $2,000 |
| 5 Bedrooms | $2,320 |
| 6 Bedrooms | $2,598 |
| 7 Bedrooms | $2,806 |
| 8 Bedrooms | $2,946 |
The Fair Market Rent for a one-bedroom apartment in ZIP 82052 for fiscal year 2024 is set at $1160. However, the market rental prices are not readily available, indicating that there might be a gap between what the government subsidizes and what the local market demands. This discrepancy can provide a stable and predictable source of income for landlords participating in the Section 8 program.
While the median home value is not specified in the current data, it is known that the housing market in ZIP 82052 is robust and steadily appreciating. The median value for a house in this area stands at $532,400, which is significantly higher than the national median of $338,100. This appreciation suggests that long-term investments in property could yield substantial capital gains over time, making the area attractive for both short-term cash flow and long-term asset appreciation.
Despite the lack of specific data on renter share and median income, the presence of a strong housing market and a robust appreciation trend indicates that the area is likely to have a stable demand for rental properties. Landlords should focus on maintaining their properties to ensure they meet the requirements of the Section 8 program while benefiting from the steady cash flow provided by government subsidies.
In summary, ZIP 82052 serves well as a cash-flow anchor within a Section 8 portfolio strategy. The guaranteed rental income through the FMR subsidy can help stabilize overall portfolio performance, especially when paired with properties in areas with less reliable rental markets. Additionally, the potential for capital appreciation makes this a valuable investment for landlords looking to grow their assets over time.
Data Sources: FMR data from HUD (2027).
About FMR: Fair Market Rent (FMR) is used to determine payment standards for the Section 8 Housing Choice Voucher program, initial renewal rents for some expiring project-based Section 8 contracts, and rent ceilings for HOME Investment Partnerships.