Location: Park County, WY | Metro: Big Horn County, WY
| Unit Size | Monthly FMR |
|---|---|
| Studio | $760 |
| 1 Bedroom | $870 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,260 |
| 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)
4.0% of the population in ZIP 82421 are renters, indicating a relatively small demand for rental properties compared to owner-occupied homes. However, the $960 Fair Market Rent (FMR) for the metro area in fiscal year 2026 suggests that landlords can charge a competitive rate for their units, aligning with government guidelines for affordable housing. The median home value of $295,774 reflects a stable housing market where property values have remained consistent, offering a secure investment environment. With a median income of $42,222, residents have limited disposable income, making the $960 FMR a critical benchmark for affordability. The N/A data for days on market (DOM) and price-cut share indicate a lack of recent sales activity or insufficient data to make meaningful comparisons, which could be due to the low renter share or other market dynamics. This absence of detailed transactional data might complicate efforts to assess the liquidity and pricing flexibility of the rental market. For landlords and small-portfolio investors, focusing on maintaining properties at or below the $960 FMR will ensure they remain accessible to tenants who qualify for assistance programs. Given these factors, the Section 8 program remains a viable option for stabilizing cash flows and ensuring occupancy in ZIP 82421.
The $960 FMR also serves as a guideline for setting rents that are both attractive to potential tenants and compliant with federal standards. While the median income of $42,222 suggests that many residents may struggle to afford market-rate rentals without assistance, the relatively low renter share indicates that the demand for rental properties is not overwhelming. Therefore, landlords should be prepared to offer competitive amenities and maintenance to attract tenants. The N/A values for market rent and DOM imply that the rental market in ZIP 82421 is less dynamic than in more populous areas, which can work in favor of long-term stability but may also mean slower turnover rates and lower opportunities for rapid appreciation in rental income. In conclusion, for those willing to navigate a less active rental market, participating in the Section 8 program with units priced at the $960 FMR can provide a steady, reliable income stream.
Section 8 Verdict: Suitable for landlords seeking stable, long-term 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.