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 | $790 |
| 1 Bedroom | $910 |
| 2 Bedrooms | $1,010 |
| 3 Bedrooms | $1,250 |
| 4 Bedrooms | $1,580 |
| 5 Bedrooms | $1,833 |
| 6 Bedrooms | $2,053 |
| 7 Bedrooms | $2,217 |
| 8 Bedrooms | $2,328 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,010 | $180,103 | 0.56% | F |
| 3BR | $1,250 | $258,589 | 0.48% | F |
| 4BR | $1,580 | $323,807 | 0.49% | F |
U.S. Census Bureau data (2024)
ZIP code 82426, located in Greybull, WY within the Big Horn County metro, presents a unique scenario when compared to typical ZIP codes in the same county. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $970, whereas ZIP 82426 has a market rent of $828. This indicates that Greybull offers a more affordable rental market compared to the broader metro average.
The median home value in ZIP 82426 is $231,731, which is lower than the typical home value found in other ZIP codes within Big Horn County. Additionally, the renter share in ZIP 82426 stands at 21.5%, higher than the average for the county. These factors combined suggest that ZIP 82426 could be considered a value pocket within its metro area. Landlords and small-portfolio investors can leverage this lower market rent and home value to attract tenants who qualify for Section 8 assistance, while still benefiting from a higher proportion of renters in the area.
The divergence between a relatively high renter share and below-average home values often points to a sweet spot for Section 8 properties. This means that there is a significant demand for affordable housing, and the financial support provided through the Section 8 program can make up for the lower rents. For investors looking to capitalize on the Section 8 program, ZIP 82426 represents an opportunity where they can offer competitive rental rates and still find a pool of eligible tenants.
In summary, ZIP 82426 is a value pocket within the Big Horn County metro, characterized by a lower market rent of $828, a median home value of $231,731, and a higher-than-average renter share of 21.5%. These conditions make it an attractive location for those interested in Section 8 properties, as the area meets the needs of a substantial number of renters while offering more affordable entry points for investment.
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.