Location: Big Horn County, WY | Metro: Big Horn 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 | $780 |
| 1 Bedroom | $900 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,240 |
| 4 Bedrooms | $1,560 |
| 5 Bedrooms | $1,810 |
| 6 Bedrooms | $2,027 |
| 7 Bedrooms | $2,189 |
| 8 Bedrooms | $2,298 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,000 | $188,515 | 0.53% | F |
| 3BR | $1,240 | $271,794 | 0.46% | F |
U.S. Census Bureau data (2024)
ZIP 82410, located in Basin, WY, within the Big Horn County, WY metro area, presents an opportunity for inclusion in a Section 8 portfolio strategy. This ZIP code is best categorized as a cash-flow anchor.
The Federal Market Rent (FMR) for the metro area in fiscal year 2026 is set at $960, while the current market rent stands at $903. This indicates a positive spread of $57 between the FMR and the market rent, ensuring that landlords can secure higher rents through Section 8 vouchers compared to the local rental market. The median home value in ZIP 82410 is $253,898, which is relatively low, making it easier for landlords to acquire properties at a lower cost.
Despite the lack of specific data on price-cut share and days on market (DOM), the significant difference between the FMR and market rent suggests that landlords will not need to reduce their asking prices to attract tenants, nor will they face prolonged vacancy periods. The consistent demand for affordable housing in this area supports the idea that properties in ZIP 82410 will reliably generate steady cash flow.
The renter share of 20.2% and median income of $68,839 further reinforce the suitability of this ZIP code as a cash-flow anchor. While the renter share is not exceptionally high, it aligns with the presence of a stable tenant pool that can benefit from Section 8 assistance. The median income figure indicates that many residents might require financial aid to afford housing, thereby increasing the likelihood of them qualifying for Section 8 vouchers.
In conclusion, ZIP 82410 offers a solid foundation for a Section 8 portfolio due to its favorable rent-to-market ratio and the affordability of property acquisition. Landlords can expect reliable cash flow without the risks associated with appreciation plays or the need for extensive diversification strategies.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.