Location: Fremont County, WY | Metro: Fremont County, WY
| Unit Size | Monthly FMR |
|---|---|
| Studio | $800 |
| 1 Bedroom | $800 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,370 |
| 4 Bedrooms | $1,670 |
| 5 Bedrooms | $1,937 |
| 6 Bedrooms | $2,169 |
| 7 Bedrooms | $2,343 |
| 8 Bedrooms | $2,460 |
U.S. Census Bureau data (2024)
The market in ZIP code 82514 presents a dynamic landscape for real estate investors. With a Fair Market Rent (FMR) set at $960 for the fiscal year 2026, there is a notable gap between the FMR and the actual market rent of $567 as reported by the Census Bureau's American Community Survey (ACS). This suggests that the current rental market is below the federal benchmark, indicating potential room for growth if rents rise to meet or approach the FMR level.
The absence of data on price-cut share and days on market (DOM) implies stability or a lack of significant fluctuations in rental pricing and vacancy rates. However, the median home value being listed as N/A points to limited available data on homeownership, which might indicate that the area is predominantly a rental market rather than a purchase market.
A key metric to consider is the 37.0% renter share. This figure indicates that nearly 4 in every 10 households in 82514 are renters. A high renter share often correlates with long-term housing pressure, as it signals a strong demand for rental properties. Landlords and small-portfolio investors should be aware that such a market can be sensitive to economic changes, with the potential for increased competition among tenants when jobs are plentiful or fewer options when the economy tightens.
The current snapshot of the market in 82514 shows a scenario where demand is likely strong enough to support rental prices but not so overwhelming that it drives up prices to the point where they exceed the FMR. This balance could suggest an environment where rental properties remain attractive investments, given the steady demand for rentals and the opportunity to potentially increase rents closer to the FMR without significantly impacting occupancy rates.
In conclusion, while specific trends over time cannot be determined from the static data provided, the current state of the market in ZIP 82514 reflects a situation where rental demand is robust, driven by a substantial renter population. The gap between the FMR and the current market rent provides a strategic insight into the pricing dynamics, offering opportunities for landlords and investors to adjust their strategies accordingly.
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.