Location: Fremont County, WY | Metro: Casper, WY MSA
| 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 analysis of ZIP code 82642 reveals a unique balance between yield potential and market stability. On the yield axis, the Fair Market Rent (FMR) for 2024 is set at $1070. This figure is critical for landlords and small-portfolio investors considering properties in this area, as it directly impacts rental income expectations. However, the absence of comparable market rent and home value data limits a comprehensive assessment of yield beyond FMR.
Moving to stability, ZIP 82642 exhibits a 25.0% share of renters, which is relatively low compared to typical rental markets. This suggests that while there is a demand for rentals, it might not be as robust as in areas with higher percentages of renters. The median household income stands at $80,000, indicating a stable economic base that supports rental payments. Despite this, the lack of data on days on market (DOM) leaves an important variable unaccounted for in assessing stability.
Given these specifics, ZIP 82642 does not fit neatly into either a high-yield/low-stability flip-style market or a steady-cashflow zone. Instead, it represents a middle ground where investors can expect reasonable yields, particularly from government-backed rental programs given the FMR figure. The stability derived from a decent median income mitigates some risks associated with lower renter concentration.
To summarize, ZIP 82642 offers a modest yield opportunity, anchored by the $1070 FMR, and a moderate level of stability supported by the $80,000 median income. The low renter percentage suggests that investors should be cautious about relying solely on rental income for profitability and consider diversifying their investment strategies within this area.
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.