Location: Hot Springs County, WY | Metro: Hot Springs County, WY
| Unit Size | Monthly FMR |
|---|---|
| Studio | $760 |
| 1 Bedroom | $760 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,380 |
| 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)
The rent math in ZIP 82430 does not work as expected due to insufficient data. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $960. However, without specific market rent figures for the area, it's challenging to determine if the FMR aligns with what tenants are willing to pay. This gap in information makes it difficult to advise on rental pricing strategies.
Acquisition in ZIP 82430 is also unclear given the lack of detailed data on median home values, days on market (DOM), and the percentage of homes that have been subject to price cuts. Without these key metrics, it's impossible to assess whether buying properties in this area represents a good investment opportunity. Landlords and small-portfolio investors need comprehensive financial benchmarks to make informed decisions about property acquisitions.
Tenant demand in ZIP 82430 is low based on the available data. The total population stands at 77, with only 11.1% being renters. This small number of potential tenants suggests that finding stable, long-term renters might be a challenge. Additionally, the limited population size means a smaller pool of prospective tenants, which could lead to higher vacancy rates and longer wait times for filling vacancies.
In conclusion, ZIP 82430 presents significant challenges for real estate investors looking to enter the rental market. The absence of critical market data hinders the ability to perform accurate rent math and assess acquisition affordability. Furthermore, the low tenant demand, characterized by a small population and a minimal renter share, indicates that this area may not support a viable rental business model. Potential investors should seek additional data or consider alternative locations with more robust market conditions.
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.