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: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,370 | $323,614 | 0.42% | F |
U.S. Census Bureau data (2024)
In ZIP code 82649, potential pitfalls for Section 8 landlords include significant tenant turnover due to the gap between the market rent of $806 and the Fair Market Rent (FMR) of $960 for fiscal year 2026 in the metro area. This discrepancy suggests that tenants might seek higher rental subsidies, leading to frequent moves as they find properties that better match their budget.
Vacancy exposure is another concern, as the Days on Market (DOM) data is not available. Without this information, it's challenging to predict how long a property might remain vacant, which can lead to financial strain for landlords.
The typical home value in this area is $193,425, while the median income stands at $69,375. This combination points to a potential issue with deferred maintenance, as homeowners might struggle to keep up with necessary repairs and improvements due to the relatively high cost of housing compared to their income levels.
However, these risks are tempered by the fact that 19.2% of residents are renters. High renter density generally translates into greater demand for rental vouchers, providing a steady stream of Section 8 tenants. This demographic factor can stabilize occupancy rates and reduce the likelihood of prolonged vacancies.
The verdict for ZIP code 82649 is a moderate risk for a first-time Section 8 landlord. While there are challenges such as tenant turnover and the possibility of deferred maintenance issues, the high concentration of renters offers a buffer against vacancy risks.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.