Location: Platte County, WY | Metro: Platte County, WY
Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)
| Unit Size | Monthly FMR |
|---|---|
| Studio | $810 |
| 1 Bedroom | $850 |
| 2 Bedrooms | $1,040 |
| 3 Bedrooms | $1,410 |
| 4 Bedrooms | $1,720 |
| 5 Bedrooms | $1,995 |
| 6 Bedrooms | $2,234 |
| 7 Bedrooms | $2,413 |
| 8 Bedrooms | $2,534 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,410 | $256,954 | 0.55% | F |
U.S. Census Bureau data (2024)
Skeptical investors considering ZIP 82214 might have several concerns regarding the feasibility of investing in rental properties. Let's address these objections with the available data.
Objection 1: Will FMR $1,020 (metro FY 2026) cover the mortgage on a $204,127 home?
The Fair Market Rent (FMR) of $1,020 per month for ZIP 82214 in fiscal year 2026 may not sufficiently cover the mortgage on a $204,127 home. To determine if the FMR can cover the mortgage, we need to consider the typical interest rates and loan terms. Assuming a 30-year fixed-rate mortgage at an average rate of 4%, the monthly payment on a $204,127 home would be approximately $990. While this is slightly below the FMR, it does not account for property taxes, insurance, maintenance, and other expenses that come with owning a home. Therefore, relying solely on the FMR to cover all costs could be risky.
Objection 2: Is there enough renter demand at 16.8%?
The renter demand in ZIP 82214, represented by the 16.8% rental occupancy rate, might seem low to some investors. However, this figure alone does not provide a complete picture. The rental occupancy rate indicates the percentage of homes occupied by renters, but it does not reflect the total number of potential renters or the competition in the rental market. To make a well-informed decision, one must also consider factors such as population growth, job availability, and the overall housing supply. Without these additional details, the 16.8% occupancy rate suggests moderate demand, which could be insufficient for high-volume investments but might still support smaller portfolios.
Objection 3: Will vouchers keep pace with $1,037 market rents?
The question of whether housing vouchers will keep up with market rents of $1,037 in ZIP 82214 is critical for landlords participating in the Section 8 program. The voucher amount is typically adjusted annually based on HUD guidelines, but it may not always align perfectly with market conditions. In ZIP 82214, the average voucher amount might be lower than the market rent, meaning landlords could face the difference between the voucher amount and the actual rent. This discrepancy can vary widely depending on local policies and funding levels. Investors should closely monitor HUD announcements and local housing authority practices to predict future adjustments accurately.
In conclusion, while the data provides insights into the financial aspects of investing in ZIP 82214, it is crucial to consider broader economic trends and local regulations. The FMR covers most of the mortgage but falls short when non-mortgage expenses are factored in. The rental occupancy rate suggests moderate demand, which may not be sufficient for large-scale investments. Lastly, voucher amounts may lag behind market rents, requiring landlords to absorb the shortfall.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.