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 | $800 |
| 1 Bedroom | $840 |
| 2 Bedrooms | $1,030 |
| 3 Bedrooms | $1,390 |
| 4 Bedrooms | $1,720 |
| 5 Bedrooms | $1,995 |
| 6 Bedrooms | $2,234 |
| 7 Bedrooms | $2,413 |
| 8 Bedrooms | $2,534 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,390 | $470,367 | 0.3% | F |
U.S. Census Bureau data (2024)
The investment landscape for Section 8 landlords in ZIP code 82727 presents several challenges that must be carefully considered. Tenant turnover is a significant risk, with the market rent at $1,071 compared to the Fair Market Rent (FMR) of $1,000 for fiscal year 2026 in the metropolitan area. This discrepancy can lead to higher tenant churn, as the subsidized rates may not attract the same level of interest as the market rate. Additionally, vacancy exposure is another concern, although the specific number of days on market (DOM) is currently unavailable, it suggests an incomplete picture of the rental market dynamics which could indicate potential issues in maintaining occupancy levels.
Deferred maintenance is also a notable risk, especially when considering the typical home value of $444,633 and the median income of $97,972. These figures suggest that homeowners may struggle to keep up with necessary repairs and maintenance, particularly if they are relying on the steady income from Section 8 tenants. The financial strain of these costs can impact the overall condition of the property and, consequently, the experience of the tenants.
However, there are factors that mitigate these risks. The renter share of the population in ZIP 82727 is 2.3%, indicating a relatively high concentration of renters. High renter density often translates into greater demand for housing vouchers, which can stabilize the rental income and reduce the likelihood of prolonged vacancies. The presence of a substantial number of potential voucher holders can provide a consistent stream of tenants who are committed to paying their rent through the government subsidy program.
In conclusion, despite the risks associated with tenant turnover, vacancy exposure, and deferred maintenance, the high renter density and the corresponding demand for housing vouchers make ZIP 82727 a moderate risk for a first-time Section 8 landlord. With proper management strategies and a thorough understanding of the local rental market, the benefits can outweigh the challenges.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-08-31). 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.