Location: Fremont County, WY | Metro: Fremont 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 | $820 |
| 1 Bedroom | $830 |
| 2 Bedrooms | $1,030 |
| 3 Bedrooms | $1,410 |
| 4 Bedrooms | $1,720 |
| 5 Bedrooms | $1,995 |
| 6 Bedrooms | $2,234 |
| 7 Bedrooms | $2,413 |
| 8 Bedrooms | $2,534 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $830 | $138,524 | 0.6% | F |
| 2BR | $1,030 | $195,145 | 0.53% | F |
| 3BR | $1,410 | $283,687 | 0.5% | F |
| 4BR | $1,720 | $335,532 | 0.51% | F |
| 5BR | $1,995 | $380,303 | 0.52% | F |
U.S. Census Bureau data (2024)
With a Fair Market Rent (FMR) of $980 for the metro area in fiscal year 2026, Riverton, WY, represented by ZIP code 82501, offers a clear benchmark for rental properties. The Zero Occupancy Rate Index (ZORI) indicates a market rent of $1,075, suggesting that properties priced at the FMR level can attract tenants quickly without much vacancy. At a median home value of $258,639, the real estate market in Riverton is stable, providing a solid foundation for long-term investments. With renters comprising 34.7% of the population, there's a significant demand for affordable housing options, making Section 8 properties particularly attractive. The median income of $60,449 reflects the earning capacity of residents, which is crucial for assessing the financial viability of Section 8 tenants. Despite the lack of data on days on market (DOM), the low price-cut share of 0.1% points to a robust market where landlords can maintain their asking prices. This combination of factors—affordable FMR, competitive market rents, stable home values, substantial renter share, moderate median income, and strong pricing power—positions Riverton favorably for landlords and small-portfolio investors interested in Section 8 properties. The absence of significant price-cutting activity further supports the idea that the market is resilient and that properties can be rented at or near the desired rates. In conclusion, given the data, Riverton, WY, presents a viable opportunity for Section 8 investments, offering a balance between tenant demand and property value preservation.
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.