Location: Cheyenne, WY | Metro: Cheyenne, WY MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $830 |
| 1 Bedroom | $900 |
| 2 Bedrooms | $1,160 |
| 3 Bedrooms | $1,600 |
| 4 Bedrooms | $1,930 |
| 5 Bedrooms | $2,239 |
| 6 Bedrooms | $2,508 |
| 7 Bedrooms | $2,709 |
| 8 Bedrooms | $2,844 |
U.S. Census Bureau data (2024)
To integrate ZIP 82081 into a Section 8 portfolio strategy, consider it primarily as a cash-flow anchor. This classification is based on the fact that the Fair Market Rent (FMR) for ZIP 82081 in fiscal year 2024 is set at $1160, which is the base figure used to determine rental assistance payments under the Section 8 program. The lack of data on market rents and median home values suggests that there is limited private market competition for rental properties in this area.
The absence of specific market rent data indicates that the FMR of $1160 likely represents a significant portion of the total rental market in ZIP 82081. Landlords participating in the Section 8 program can rely on this consistent cash flow from the government subsidy, making it a stable component of their investment portfolio. Since the median income data is also not available, it's reasonable to assume that the population in this ZIP code is heavily reliant on rental assistance, further supporting the role of Section 8 properties as anchors in the local rental market.
ZIP 82081 does not present itself as an appreciation play due to the lack of data on price-cut shares and days on market (DOM). These metrics would typically indicate the speed at which properties are sold and the extent to which they might be discounted, providing insight into potential capital gains. Without these figures, it's difficult to predict significant appreciation in property values within this ZIP code.
Additionally, ZIP 82081 cannot be classified as a diversifier, given the 0.0% renter share. This implies that very few residents are renters, suggesting a predominantly owner-occupied area. Therefore, the primary focus should be on the stability and reliability of the cash flow provided by the Section 8 program rather than seeking to diversify across different types of tenants or property uses.
In conclusion, ZIP 82081 is best suited as a cash-flow anchor within a Section 8 portfolio strategy. The guaranteed rental assistance payment of $1160 per month ensures a steady income stream, which is particularly valuable in areas where private market data is sparse or non-existent.
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.