Section 8 Fair Market Rent (FMR) for ZIP 82717 - 2027

FY 2027 Fair Market Rent Rates

The classification of ZIP code 82717 in Unknown, WY, hinges significantly on the available data points, particularly the Fair Market Rent (FMR) and the lack of other critical metrics such as market rent, home values, percentage of renters, days on market (DOM), and median income.

Yield: The FMR for ZIP 82717 is set at $1,020 for the fiscal year 2026. This figure represents the maximum amount that a tenant can pay under the Section 8 program, which is based on the local housing market conditions. However, without knowing the market rent or typical home values in this area, it's challenging to determine if the yield is high or low relative to the investment costs. In markets where FMRs are notably higher than typical rents, landlords can expect a relatively higher yield. Conversely, when FMRs are close to market rents, the potential for high yields diminishes.

Stability: Stability in a rental market is influenced by factors such as the percentage of renters, average DOM, and median income levels. Unfortunately, the data for ZIP 82717 does not provide these insights. Typically, areas with a high percentage of renters, shorter DOM, and stable or rising median incomes offer greater stability. Without these specifics, we cannot definitively assess the stability of this market.

Given the limited data, ZIP 82717 appears to be a market with an established yield but uncertain stability. The $1,020 FMR suggests a baseline for rental income that landlords can rely on, assuming they can secure tenants through the Section 8 program. However, the lack of additional market data prevents a comprehensive analysis of whether this is a high-yield/low-stability market suitable for flipping properties or a steady-cashflow zone.

To make a more informed decision, landlords and small-portfolio investors would need to seek out supplementary data on local market conditions, including current rental rates, home values, and demographic trends. This will provide a clearer picture of the potential risks and rewards associated with investing in ZIP 82717.

Data Sources: FMR data from HUD (2027).

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.