Location: Platte County, WY | Metro: Cheyenne, WY MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $870 |
| 1 Bedroom | $910 |
| 2 Bedrooms | $1,110 |
| 3 Bedrooms | $1,510 |
| 4 Bedrooms | $1,850 |
| 5 Bedrooms | $2,146 |
| 6 Bedrooms | $2,404 |
| 7 Bedrooms | $2,596 |
| 8 Bedrooms | $2,726 |
U.S. Census Bureau data (2024)
The ZIP code 82210 stands out due to its unique mix of low population density and relatively high median income and home values. With only 275 residents, it has a rental rate of 11.0%, indicating that most homeowners in the area own their homes outright or are paying mortgages. The median income for residents is $68,200, which is above the national average, and the median home value is $278,478, reflecting a strong local economy.
The voucher economics in ZIP 82210 are particularly favorable for landlords. The Fair Market Rent (FMR) for the area, set at $1160 for fiscal year 2024, significantly exceeds the market rent of $643 as reported by the Census Bureau's American Community Survey. This means that landlords participating in the Section 8 program can expect to receive higher rents than the typical market rate, providing an incentive to accept vouchers.
The data signature for ZIP 82210 reads as stable. The combination of a high median income and home values suggests that the local economy is robust and unlikely to experience significant downturns in the near future. Additionally, the low population density and high FMR relative to market rates indicate that there is a consistent demand for housing, even if the overall number of renters is small. For small-portfolio investors and landlords, this stability offers a reliable investment environment where the risk of vacancy is minimized and the potential for steady rental income is maximized.
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.