Section 8 Fair Market Rent (FMR) for ZIP 82443 - 2027

Location: Hot Springs County, WY | Metro: Hot Springs County, WY

Investment Score for ZIP 82443

Monthly Rent (2BR)

$1,000

Median Price (2BR)

$184,865

1% Rule

0.54%

Annual Yield

6.49%

Based on 1% Rule: A+ (≥1.5%) | A (≥1.2%) | B (≥1.0%) | C (≥0.8%) | D (≥0.6%) | F (<0.6%)

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$760
1 Bedroom	$760
2 Bedrooms	$1,000
3 Bedrooms	$1,380
4 Bedrooms	$1,560
5 Bedrooms	$1,810
6 Bedrooms	$2,027
7 Bedrooms	$2,189
8 Bedrooms	$2,298

Investment Analysis by Bedroom Size

Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)

Bedrooms	Monthly FMR	Median Price	1% Rule	Grade
2BR	$1,000	$184,865	0.54%	F
3BR	$1,380	$272,787	0.51%	F
4BR	$1,560	$292,280	0.53%	F
5BR	$1,810	$380,615	0.48%	F

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

4,533

Median Household Income

$62,767

Housing Units

2,411

Renter Percentage

27.8%

Occupancy Rate

86.7%

Renter Occupied

580

The ZIP code 82443, located in Wyoming, offers a unique blend of rural charm and access to urban amenities, making it an attractive location for both residents and investors. The area's housing market is characterized by stable rental prices and reasonable home values, providing a solid foundation for investment opportunities.

Fair Market Rent (FMR): For fiscal year 2026, the FMR for the metro area is set at $960, indicating a strong demand for affordable housing options.
Market Rent: According to the Census ACS, the average market rent stands at $879, slightly below the FMR but still offering competitive returns on investment.
Median Home Value: The median home value in ZIP 82443 is $238,706, which is a moderate figure that suggests good potential for appreciation without being prohibitively high for buyers.
Renter Share: A significant 27.8% of the population are renters, reflecting a robust rental market and consistent demand for rental properties.
Days on Market (DOM): The data for DOM is currently unavailable, but this metric will be crucial for understanding how quickly properties sell in the area.
Median Income: The median income in the area is $62,767, providing insight into the economic health of the community and the ability of residents to afford housing.

Investors looking to capitalize on the ZIP 82443 market should focus on properties that can command rents near the FMR while being mindful of the slightly lower market rent. With a substantial portion of the population renting, there is a clear opportunity to invest in rental properties. However, the median home value also indicates potential for homeownership, suggesting that a balanced approach between rental and for-sale properties could be effective. The median income supports the idea that residents have the financial capacity to sustain current housing costs, making the area a reliable choice for investment. Overall, ZIP 82443 presents a stable and promising market for real estate investment, particularly in the rental sector.

Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.