Location: Park 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 | $700 |
| 1 Bedroom | $790 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,360 |
| 4 Bedrooms | $1,670 |
| 5 Bedrooms | $1,937 |
| 6 Bedrooms | $2,169 |
| 7 Bedrooms | $2,343 |
| 8 Bedrooms | $2,460 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $790 | $326,008 | 0.24% | F |
| 2BR | $1,000 | $315,191 | 0.32% | F |
| 3BR | $1,360 | $429,485 | 0.32% | F |
| 4BR | $1,670 | $496,756 | 0.34% | F |
| 5BR | $1,937 | $595,849 | 0.33% | F |
U.S. Census Bureau data (2024)
The real estate market in ZIP 82435, Powell, WY, presents a unique opportunity for landlords and small-portfolio investors. With a median home value of $408,087, the area demonstrates a stable housing market. The fact that only 0.2% of listings have reduced their prices signals strong seller's pricing power. This reduction rate is exceptionally low, indicating that homes are selling at or near their listed prices. The median days on market (DOM) being reported as 'N/A' suggests that either the data is incomplete or that homes are selling very quickly, which would further support the notion of robust demand.
On the rental side, the Forward Monthly Rent (FMR) for the metro area in fiscal year 2026 is projected to be $960. Currently, the market rent is $778, according to the Census ACS. This gap indicates potential growth in rental income for property owners, especially if the FMR projection holds true. As rents rise to meet the forecasted levels, landlords can expect to see an increase in their monthly cash flows, making rental properties in Powell increasingly attractive.
For long-term hold investors, the setup implied by the data suggests a realistic appreciation thesis. The low rate of price reductions and the projected increase in rental rates point towards a market where property values are likely to remain steady or even grow. While the exact trajectory of appreciation cannot be determined, the current indicators suggest that Powell, WY, is a market where holding onto properties could lead to capital gains over time, alongside the benefits of rising rental incomes.
Investors should consider the balance between purchase price and rental yields carefully. Given the current median home value and the expected rise in rental rates, properties in Powell offer a compelling investment opportunity. The data supports the idea that maintaining pricing discipline and leveraging the anticipated rise in rental rates can provide a solid return on investment for those willing to commit to a longer holding period.
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.