Location: Sweetwater County, WY | Metro: Sweetwater County, WY
| Unit Size | Monthly FMR |
|---|---|
| Studio | $780 |
| 1 Bedroom | $880 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,280 |
| 4 Bedrooms | $1,670 |
| 5 Bedrooms | $1,937 |
| 6 Bedrooms | $2,169 |
| 7 Bedrooms | $2,343 |
| 8 Bedrooms | $2,460 |
U.S. Census Bureau data (2024)
The analysis of ZIP 82336 in Sweetwater County, Wyoming, reveals several key points that landlords and small-portfolio investors should consider.
First, regarding whether the rent math works, the Fair Market Rent (FMR) for the metro area for fiscal year 2026 is set at $1,000. However, the lack of data on market rent makes it impossible to draw a direct comparison. Without a reference point for market rent, it's challenging to determine if $1,000 is a competitive figure.
Second, on the affordability of acquisitions, the data is incomplete. The median home value, days on market (DOM), and percentage of homes requiring price cuts are all listed as N/A. This absence of information means that investors cannot accurately gauge the cost of acquiring properties or the ease with which they can be sold. It also indicates a lack of recent transaction data, which could be due to low activity levels in the area.
Third, concerning tenant demand, ZIP 82336 has a population of 269, with 37.6% of residents being renters. This suggests that while the overall number of potential tenants is limited, a significant portion of the population is actively seeking rental housing. This could indicate a steady demand for rental units, assuming the supply does not significantly exceed the 37.6% renter share.
Verdict: Investing in ZIP 82336 presents challenges primarily due to the lack of comprehensive data on market conditions. While there is a defined tenant base, the incomplete information on property values, market dynamics, and rental rates hinders a thorough assessment of the viability of rental investments. Landlords and investors should proceed with caution, seeking additional local insights before committing to acquisitions. The Fair Market Rent provides a benchmark, but without comparative market rent data, it's difficult to ascertain the profitability of rental operations in this ZIP code.
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.