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 | $920 |
| 1 Bedroom | $920 |
| 2 Bedrooms | $1,150 |
| 3 Bedrooms | $1,570 |
| 4 Bedrooms | $1,920 |
| 5 Bedrooms | $2,227 |
| 6 Bedrooms | $2,494 |
| 7 Bedrooms | $2,694 |
| 8 Bedrooms | $2,829 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,570 | $473,133 | 0.33% | F |
U.S. Census Bureau data (2024)
The ZIP code 82523, located within the Fremont County, WY metro area, presents several key metrics that can be used to analyze its position relative to other ZIP codes in the county. The Fair Market Rent (FMR) for ZIP 82523 is set at $1,080 for fiscal year 2026, which aligns closely with the market rent of $1,075. This indicates that the rental market in 82523 is in line with what is expected for the Fremont County, WY metro.
The median home value in ZIP 82523 stands at $353,399. To determine if this represents a value pocket, mid-tier neighborhood, or a premium sub-market, it's necessary to compare this figure with the average home values across the broader Fremont County. If the ZIP's home value is notably lower than the county average, it could suggest a value pocket where homes are more affordable. Conversely, if it is higher, it might indicate a premium sub-market.
The renter share of 82523 is 10.3%. This percentage is relatively low compared to many metropolitan areas where the renter share can be significantly higher. However, in the context of Fremont County, WY, which is known for its predominantly owner-occupied housing stock, a higher-than-average renter share could still signal an opportunity for landlords and small-portfolio investors.
To infer whether ZIP 82523 is a particularly attractive location for Section 8 tenants, we must consider the relationship between its renter share and home values. A high renter share coupled with below-average home values often points to a sweet spot for Section 8 properties. However, without comparative data on the overall renter share and home values in Fremont County, it's difficult to make a definitive statement about the ZIP being a sweet spot. Given the specific figures, ZIP 82523 appears to be a mid-tier neighborhood, neither particularly affordable nor expensive compared to the metro area's FMR and market rents.
If the overall Fremont County renter share is significantly lower than 10.3%, then 82523 would stand out as having a higher concentration of renters, potentially making it more suitable for Section 8 investments. Additionally, if the county's average home value is substantially higher than $353,399, then 82523 would represent a more affordable option for both owners and renters, possibly attracting more Section 8 participants.
Landlords and small-portfolio investors should consider these metrics when evaluating ZIP 82523 for potential investment. It offers a balanced approach with rental prices matching the FMR, suggesting stability in the market. However, the decision to invest should also take into account broader trends and comparisons with other ZIP codes in the county.
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.