Location: Campbell County, WY | Metro: Campbell 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 | $780 |
| 1 Bedroom | $820 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,360 |
| 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 |
|---|---|---|---|---|
| 2BR | $1,000 | $226,079 | 0.44% | F |
| 3BR | $1,360 | $295,211 | 0.46% | F |
| 4BR | $1,670 | $330,752 | 0.5% | F |
| 5BR | $1,937 | $374,607 | 0.52% | F |
U.S. Census Bureau data (2024)
ZIP code 82716, located in Gillette, Wyoming, is part of Campbell County and has a distinct demographic profile that sets it apart from other areas. With a total population of 16,817 residents, 27.5% of whom rent their homes, the area exhibits a modest rental market presence. The median income in this ZIP stands at $73,155, which is relatively high compared to the national average, indicating a strong economic base among its inhabitants. Additionally, the median home value of $286,822 suggests a stable housing market where property values reflect a balance between affordability and quality.
The economics of Section 8 vouchers in ZIP 82716 are particularly noteworthy. The Fair Market Rent (FMR) for the metro area for fiscal year 2026 is set at $960, whereas the market rent, as measured by ZORI (Zillow's Observed Rent Index), is $1,127. This discrepancy means that landlords accepting Section 8 vouchers can expect to receive less than the typical market rate for rentals. However, the higher median income of the residents indicates a potential for tenants to contribute additional funds towards rent, mitigating some of the financial gap.
Based on the data signature, ZIP 82716 appears to be a stable market. The combination of a solid median income and a reasonable median home value suggests that the area is attractive to both homeowners and renters. While the disparity between FMR and market rents presents a challenge for landlords participating in the Section 8 program, the overall economic health of the region supports a steady demand for housing, making it a viable option for those willing to navigate the nuances of the voucher system.
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.