Location: Fremont County, WY | Metro: Fremont County, WY
| Unit Size | Monthly FMR |
|---|---|
| Studio | $840 |
| 1 Bedroom | $840 |
| 2 Bedrooms | $1,050 |
| 3 Bedrooms | $1,440 |
| 4 Bedrooms | $1,760 |
| 5 Bedrooms | $2,042 |
| 6 Bedrooms | $2,287 |
| 7 Bedrooms | $2,470 |
| 8 Bedrooms | $2,594 |
U.S. Census Bureau data (2024)
ZIP 82515, located in Fremont County, WY, can serve as a cash-flow anchor within a Section 8 portfolio strategy. The Federal Market Rent (FMR) for the metro area in fiscal year 2026 is set at $980. This figure is notably higher than the current market rent of $850, providing a spread of $130 per unit. This positive differential ensures that landlords receive a consistent and reliable income stream above the prevailing market rates.
The median home value in ZIP 82515 stands at $182,717. While this is an important metric for homeownership, it does not directly impact the rental market dynamics. However, it does suggest a relatively stable local economy that supports housing values, which indirectly benefits rental properties by maintaining the overall attractiveness of the area.
This ZIP code does not present itself as an appreciation play due to the lack of significant price-cut share or days on market (DOM) figures. The data indicates these metrics are not applicable, suggesting that property values and rental rates are not experiencing rapid growth or high volatility.
Nor is ZIP 82515 ideal as a diversifier based on the provided statistics. With a renter share of 16.5%, it suggests a smaller proportion of renters compared to owner-occupiers, limiting its role in balancing out a portfolio with varying tenant mixes. Additionally, the median income of $53,000 is moderate, which means the potential for higher-income tenants seeking Section 8 properties is limited.
Conclusion: ZIP 82515 is best suited as a cash-flow anchor in a Section 8 portfolio. Its guaranteed higher-than-market rents provide stability and ensure landlords receive a predictable income, making it a valuable component for those looking to secure steady cash flows.
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.