Location: Albany County, WY | Metro: Albany County, WY
| Unit Size | Monthly FMR |
|---|---|
| Studio | $780 |
| 1 Bedroom | $820 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,350 |
| 4 Bedrooms | $1,650 |
| 5 Bedrooms | $1,914 |
| 6 Bedrooms | $2,144 |
| 7 Bedrooms | $2,316 |
| 8 Bedrooms | $2,432 |
U.S. Census Bureau data (2024)
The Section 8 cap-rate analysis for ZIP code 82058 provides a critical outlook for landlords and small-portfolio investors considering properties in this area. The Federal Market Rent (FMR) for a two-bedroom apartment in ZIP 82058, based on fiscal year 2026 data, is set at an annualized rate of $960. This figure represents the maximum amount that a Section 8 tenant can be charged for housing assistance.
Given the median home value is currently not available, we must rely on the market rent data to derive a comparative analysis. However, the market rent data for ZIP 82058 is also not available, making it challenging to provide a direct comparison. Despite these limitations, we can still outline the implications for potential investment yields.
In the scenario where the market rent aligns closely with the Section 8 FMR of $960 annually, the implied gross yield would be relatively low, especially when considering the typical expenses associated with property management and maintenance. This low gross yield suggests that properties in ZIP 82058 might not offer substantial financial returns if rented solely under Section 8 contracts.
However, the lack of market rent data complicates this picture further. Without knowing the average market rent, it's impossible to accurately calculate the difference between the market rent and the Section 8 FMR. If the market rent were significantly higher, the gross yield for properties rented outside of Section 8 could be considerably better.
The 0.0% renter density in ZIP 82058 indicates that there is little demand for rental properties, suggesting that landlords might struggle to find tenants willing to pay above the Section 8 rates. Additionally, the Days on Market (DOM) data being not available implies that it's difficult to predict how quickly a property might be rented out, adding another layer of uncertainty to the investment prospects.
In conclusion, while the Section 8 FMR offers a stable but low income stream at $960 annually, the lack of market rent data makes it challenging to compare the potential gross yields. Given the low renter density, relying on market rents above the Section 8 rate might not be realistic unless there are significant changes in the local economic conditions.
Data Sources: FMR data from HUD (2027). Demographics from U.S. Census (2024).
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.