Location: Albany County, WY | Metro: Albany County, WY
| Unit Size | Monthly FMR |
|---|---|
| Studio | $750 |
| 1 Bedroom | $820 |
| 2 Bedrooms | $1,020 |
| 3 Bedrooms | $1,410 |
| 4 Bedrooms | $1,700 |
| 5 Bedrooms | $1,972 |
| 6 Bedrooms | $2,209 |
| 7 Bedrooms | $2,386 |
| 8 Bedrooms | $2,505 |
U.S. Census Bureau data (2024)
0.0% of the population in ZIP code 82073 rents their homes, indicating a minimal demand for rental properties in this area. This statistic aligns with the lack of available data on market rent, median home value, median income, days on market (DOM), and the percentage of price-cut share. The absence of these figures suggests either a very small or non-existent rental market segment in the area. However, for those interested in the Section 8 housing voucher program, the Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $990. This figure represents the maximum amount that a landlord can charge for a unit to be eligible under the Section 8 program, regardless of the actual rental market dynamics.
The low renter share percentage implies that most residents in ZIP 82073 likely own their homes, which could affect the overall appeal of rental investments in the area. Despite the limited data, the FMR provides a clear benchmark for landlords looking to participate in the Section 8 program. It's important to note that while the FMR is $990, this does not necessarily reflect the actual market conditions but rather the government's assessment of what constitutes a fair rent for subsidized housing units.
Apart from the FMR, there is no additional data to suggest how competitive or profitable the Section 8 program might be in ZIP 82073. The lack of information on median home values and typical market rents means that investors must rely on local knowledge or conduct further research to understand the broader real estate landscape. Given the minimal rental activity indicated by the 0.0% renter share, landlords should be prepared for potentially lower occupancy rates and a smaller pool of potential tenants.
In conclusion, while the $990 FMR offers a clear guideline for Section 8 participation, the sparse data points to a challenging environment for rental property investment. The Section 8 program in ZIP 82073 may offer stability but is unlikely to provide high returns due to the limited rental market presence.
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.