Location: Platte County, WY | Metro: Platte County, WY
| Unit Size | Monthly FMR |
|---|---|
| Studio | $790 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $1,020 |
| 3 Bedrooms | $1,360 |
| 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)
The ZIP code 82213 presents an interesting landscape for both renters and landlords. With a median household income of $71,225, residents have a decent financial cushion. However, the market rate for rent stands at $2,136, which represents a significant portion of their monthly earnings. This makes it challenging for many households to afford market-rate housing without substantial financial strain.
In contrast, the Federal Market Rent (FMR) for voucher payments in the metro area for fiscal year 2026 is set at $960. This means that families utilizing Section 8 vouchers would be able to find housing at a much more affordable price point compared to the market rate. The disparity between the $2,136 market rate and the $960 voucher payment highlights a considerable affordability gap in the area.
With only 21.6% of the 786 population being renters, competition among landlords is likely to be fierce. Landlords who solely rely on market-rate rents might struggle to fill vacancies if potential tenants are deterred by the high costs. On the other hand, landlords who accept Section 8 vouchers could attract a steady stream of tenants, given the lower barrier to entry posed by the subsidized rent.
The takeaway for landlords considering their strategy in ZIP 82213 is clear: accepting Section 8 vouchers can provide a competitive advantage in a market where many renters cannot afford the high cost of living. While the voucher payment of $960 is lower than the market rate, it ensures a reliable tenant base and reduces the risk of vacancy. For those willing to navigate the administrative requirements of Section 8, it offers a viable path to stable occupancy and income.
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.