Location: Fremont County, WY | Metro: Fremont County, WY
| Unit Size | Monthly FMR |
|---|---|
| Studio | $820 |
| 1 Bedroom | $820 |
| 2 Bedrooms | $1,030 |
| 3 Bedrooms | $1,410 |
| 4 Bedrooms | $1,710 |
| 5 Bedrooms | $1,984 |
| 6 Bedrooms | $2,222 |
| 7 Bedrooms | $2,400 |
| 8 Bedrooms | $2,520 |
U.S. Census Bureau data (2024)
18.6% of residents in ZIP code 82512 are renters, indicating a significant portion of the population that could benefit from affordable housing options. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $980, which serves as a benchmark for rental prices in the area. This figure represents the maximum amount that Section 8 vouchers can cover, making it crucial for landlords and small-portfolio investors looking to attract voucher holders. While the median home value and median income data are not available, the lack of such figures does not detract from the importance of the FMR. Similarly, the absence of days on market (DOM) and the percentage of homes that have had their prices cut suggests a stable real estate market without significant fluctuations. For investors and landlords, the focus should be on aligning rental offerings with the $980 FMR to ensure compliance with HUD guidelines and maximize the potential tenant pool. Given the 18.6% renter share and the clear FMR, landlords in 82512 can confidently offer units at or below this rate to cater to those utilizing Section 8 vouchers. The stability implied by the missing DOM and price-cut percentages further supports the idea that maintaining properties within the FMR range will yield consistent occupancy rates. In conclusion, the data points towards a market where Section 8 vouchers can effectively support a substantial portion of the rental demand. Landlords and investors should consider the $980 FMR as a key factor in their rental pricing strategies.
Section 8 verdict: Acceptable for investment with a focus on properties priced at or below $980.
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.