Location: Big Horn County, WY | Metro: Big Horn County, WY
| Unit Size | Monthly FMR |
|---|---|
| Studio | $970 |
| 1 Bedroom | $1,120 |
| 2 Bedrooms | $1,240 |
| 3 Bedrooms | $1,540 |
| 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 82412 reveals several key points. The HUD Fair Market Rent (FMR) for the area is set at $1,170 for FY 2026, which is significantly higher than the average market rent of $783 reported by the Census ACS. This means that voucher tenants can cashflow at the FMR rate, providing a substantial buffer between the market rent and the subsidized amount.
To further understand the investment potential, consider the median home value in ZIP 82412, which stands at $248,290. Using this figure, we can calculate the rent-to-price ratio. With an average market rent of $783, the annual rent would be approximately $9,396. Dividing this by the median home value yields a rent-to-price ratio of about 3.78%. This indicates that rental income is relatively low compared to property values, but it also suggests that properties in this area could be attractive for buy-and-hold investors looking for stable cash flows.
The Days on Market (DOM) and the percentage of price cuts are not available, which typically would provide insights into how quickly properties sell and whether sellers often need to lower their asking prices. However, given the significant difference between the HUD FMR and the market rent, it is reasonable to assume that the rental market is currently favorable for landlords, especially those participating in the Section 8 program.
The strongest investor angle in ZIP 82412 is likely cashflow. Given the disparity between the HUD FMR and the market rent, landlords can expect to generate positive cash flow from voucher tenants without needing to charge premium rents. This makes the area particularly appealing for those focused on generating reliable rental income.
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.