Location: Carbon County, WY | Metro: Carbon County, WY
| Unit Size | Monthly FMR |
|---|---|
| Studio | $850 |
| 1 Bedroom | $910 |
| 2 Bedrooms | $1,120 |
| 3 Bedrooms | $1,450 |
| 4 Bedrooms | $1,580 |
| 5 Bedrooms | $1,833 |
| 6 Bedrooms | $2,053 |
| 7 Bedrooms | $2,217 |
| 8 Bedrooms | $2,328 |
U.S. Census Bureau data (2024)
The ZIP code 82323 presents several challenges for landlords considering Section 8 investments. Firstly, tenant turnover is a significant concern due to the disparity between the market rent and the Fair Market Rent (FMR) of $1,100 (for FY 2026, metro area). This difference can lead to dissatisfaction among tenants who may find the rent assistance insufficient, resulting in higher turnover rates.
Vacancy exposure is another issue. With no data available on the days on market (DOM), it's difficult to predict how long properties might remain vacant. However, in areas where rental assistance is the primary source of income for tenants, landlords often face extended periods of vacancy as they wait for voucher holders to secure housing. This can significantly impact cash flow and profitability.
The deferred maintenance exposure is also notable. Given the median income of $73,594, many voucher holders might struggle to afford necessary home repairs and maintenance, leading to potential issues with property upkeep. Landlords must be prepared to invest in regular maintenance and repairs to ensure compliance with housing standards and to maintain property value.
Despite these risks, there are mitigating factors that make Section 8 investment in 82323 viable. The renter share of 11.5% indicates a high concentration of renters, which typically translates into greater demand for rental units, especially those accepting vouchers. This demand can help stabilize occupancy rates and provide a steady stream of tenants.
In conclusion, the risks associated with Section 8 investment in ZIP 82323 are moderate. Landlords should expect challenges related to tenant turnover and maintenance but can also anticipate a robust demand for affordable housing.
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.