Location: Casper, WY | Metro: Casper, WY MSA
| Unit Size | Monthly FMR |
|---|---|
| Studio | $750 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $1,050 |
| 3 Bedrooms | $1,450 |
| 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)
The classification of ZIP code 82643 hinges on the balance between yield and stability. With a Fair Market Rent (FMR) of $920 for fiscal year 2024, it stands out against the market rent of $531. This significant gap suggests a potential for higher yields if the property can be leased at or near the FMR. However, the median home value of $57,000 is notably lower, which might indicate that properties in this area could be acquired at a lower cost but also suggest lower overall property values.
On the stability axis, the ZIP code shows a rental market where only 9.9% of the population are renters. The lack of data on days on market (DOM) complicates the assessment of how quickly properties can be leased, but the median household income of $77,800 provides some assurance regarding the ability of residents to pay rent.
Given these factors, ZIP 82643 leans towards being a steady-cashflow zone. The relatively low percentage of renters indicates a stable community less prone to rapid turnover, which is beneficial for long-term investments. Although the income figure is positive, the low median home value and the limited rental population suggest that while there is potential for yield, it is tempered by the need for stability. Landlords and small-portfolio investors should consider the lower acquisition costs and the moderate income levels when assessing the risk-reward ratio of investing in this ZIP code.
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.