Location: Crook County, WY | Metro: Crook County, WY
| Unit Size | Monthly FMR |
|---|---|
| Studio | $870 |
| 1 Bedroom | $910 |
| 2 Bedrooms | $1,180 |
| 3 Bedrooms | $1,550 |
| 4 Bedrooms | $1,960 |
| 5 Bedrooms | $2,274 |
| 6 Bedrooms | $2,547 |
| 7 Bedrooms | $2,751 |
| 8 Bedrooms | $2,889 |
U.S. Census Bureau data (2024)
The ZIP code 82712 is a renter-heavy area with 41.2% of its population renting their homes. This indicates a significant portion of the residents rely on rental housing, which can translate into strong demand for Section 8 vouchers. However, the median household income for this ZIP code is not available, making it challenging to provide an exact percentage of income spent on rent. Despite this limitation, we can still analyze the situation based on the Fair Market Rent (FMR) and compare it to the Section 8 payment standard.
The FMR for the metro area, which includes ZIP 82712, is set at $1,080 for fiscal year 2026. This figure represents the average market rent for a standard-quality rental unit and is used to determine the payment standard for Section 8 vouchers. Since the median household income is not specified, we cannot calculate the precise proportion of income that goes towards rent. However, given that 41.2% of the population are renters, it is reasonable to infer that there is a substantial group of tenants who might be relying on vouchers to afford housing.
The typical market rent in this area would likely be close to the FMR of $1,080, considering the heavy reliance on rentals. Landlords should anticipate that their tenants receiving Section 8 vouchers will have a monthly rental payment capped at this amount. The scarcity or abundance of vouchers would depend on the local housing authority's funding and policies, but the high percentage of renters suggests a potential for robust voucher utilization.
A landlord in ZIP 82712 should expect tenants who are financially dependent on government assistance to cover their rent. These tenants will have a monthly income that allows them to contribute a portion of their earnings towards rent, while the remainder is subsidized by the Section 8 program up to the FMR limit. The lack of specific median income data means that landlords must rely on the FMR as a guideline for setting rents that align with the financial capabilities of Section 8 tenants. This ensures that the units remain affordable and attractive to those who need the assistance the most.
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.