Location: Niobrara County, WY | Metro: Niobrara County, WY
| Unit Size | Monthly FMR |
|---|---|
| Studio | $890 |
| 1 Bedroom | $900 |
| 2 Bedrooms | $1,170 |
| 3 Bedrooms | $1,490 |
| 4 Bedrooms | $1,940 |
| 5 Bedrooms | $2,250 |
| 6 Bedrooms | $2,520 |
| 7 Bedrooms | $2,722 |
| 8 Bedrooms | $2,858 |
U.S. Census Bureau data (2024)
The market analysis for Section 8 investors in ZIP code 82222 reveals that the area offers a specific opportunity when compared to the HUD Fair Market Rent (FMR) of $1,200 for the metro scope in fiscal year 2026. However, it's important to note that the current market rent data is not available, which makes direct comparisons challenging. Despite this, the HUD FMR can serve as a benchmark for understanding the potential cash flow dynamics.
Voucher tenants in ZIP 82222 will likely cashflow at the FMR rate of $1,200, given the absence of competing higher rents. This suggests that landlords can expect to cover their mortgage payments, maintenance costs, and other expenses while maintaining a positive cash flow position. The lack of specific market rent data means that landlords must rely on the FMR as a guideline for setting rental rates, but this also indicates a stable environment where voucher tenants can typically afford the average rent without significant financial strain.
The median home value data is also not available, making it difficult to derive an exact rent-to-price ratio. However, this absence of information on home values could imply a focus on rental properties rather than homeownership, which might benefit investors looking to capitalize on a robust rental market. Without specific figures on median days on market (DOM) and the percentage of price cuts, it's challenging to provide insights into the speed of property sales and the frequency of price reductions. Nonetheless, these metrics are crucial for understanding the local housing market's health and how it influences the decision between renting and buying.
In summary, the strongest investor angle in ZIP 82222 is likely cash flow. Given the HUD FMR of $1,200 and the absence of competitive market rents, landlords can confidently expect to maintain a positive cash flow with voucher tenants, especially if they manage their properties efficiently. This stability in cash flow provides a reliable income stream, which is particularly attractive for small-portfolio investors seeking consistent returns.
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.