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 | $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 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $800 | $265,640 | 0.3% | F |
| 2BR | $1,000 | $324,902 | 0.31% | F |
| 3BR | $1,370 | $419,901 | 0.33% | F |
| 4BR | $1,670 | $464,389 | 0.36% | F |
| 5BR | $1,937 | $519,214 | 0.37% | F |
U.S. Census Bureau data (2024)
The rent math in ZIP 82520, located in Lander, WY, and part of the Fremont County, WY metro area, does not align favorably. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $980, whereas the actual market rent based on Census ACS data stands at $902. This indicates that landlords may struggle to achieve the FMR due to lower prevailing market rates.
Acquisition of properties in this ZIP code is relatively affordable. With a median home value of $372,149, potential investors can secure homes without incurring excessive costs. However, the lack of data on days on market (DOM) and the minimal 0.1% price-cut share suggest that the market might be somewhat stable, but it also implies limited turnover and potentially less opportunity for significant price negotiation.
Tenant demand in ZIP 82520 is moderate. The area has a total population of 13,266, with 26.1% of residents being renters. This means there are approximately 3,460 rental units occupied by tenants. Given the size of the population, this represents a reasonable pool of potential tenants, although it is not exceptionally high.
In conclusion, while tenant demand is present in ZIP 82520, the discrepancy between the FMR and market rent poses a challenge for landlords aiming to maximize income. The affordable property prices offer an advantage to investors looking to enter the market, but they should be prepared for potentially lower-than-expected rental incomes. The stable market conditions indicated by the low price-cut share and limited DOM data suggest that property values are unlikely to fluctuate dramatically, providing a predictable investment environment.
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.