Location: Albany County, WY | Metro: Fort Collins-Loveland, CO MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,360 |
| 1 Bedroom | $1,390 |
| 2 Bedrooms | $1,560 |
| 3 Bedrooms | $2,150 |
| 4 Bedrooms | $2,290 |
| 5 Bedrooms | $2,656 |
| 6 Bedrooms | $2,975 |
| 7 Bedrooms | $3,213 |
| 8 Bedrooms | $3,374 |
U.S. Census Bureau data (2024)
ZIP code 82063, located within Albany County, WY, presents a unique scenario when compared against typical ZIP codes within the same county. The Fair Market Rent (FMR) for ZIP 82063 is set at $1650 for fiscal year 2024. This figure is crucial for landlords and small-portfolio investors interested in the Section 8 housing market, as it represents the maximum amount that can be charged for a rental unit under the program.
The lack of available market rent and home value data for ZIP 82063 makes direct comparisons to other areas within Albany County challenging. However, the absence of these figures could indicate a limited number of transactions or rentals reported in the area, suggesting a smaller or less active real estate market compared to other ZIP codes in the county.
A key point of interest is the 0.0% renter share in ZIP 82063. This statistic implies that there are no residents renting properties in this ZIP code, which is unusual and contrasts sharply with the average renter share seen in other ZIP codes within Albany County. Typically, a higher renter share alongside lower-than-metro home values would signal a potential sweet spot for Section 8 investments. However, in this case, the complete absence of renters means that the ZIP code is unlikely to attract Section 8 tenants, thus not serving as a traditional value pocket or mid-tier neighborhood within the metro.
The $1650 FMR suggests that if there were any rental units in ZIP 82063, they would be priced at the county's standard for Section 8 eligibility. Yet, the zero renter share indicates that landlords should focus their efforts on ZIP codes with a higher proportion of renters to maximize the potential benefits of participating in the Section 8 program.
In summary, ZIP 82063 does not represent a typical investment opportunity within the Section 8 housing market due to its unique characteristics, specifically the absence of renters. Investors should look towards other ZIP codes within Albany County where the renter share is greater and where market rents and home values are more indicative of broader trends.
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.