Section 8 Fair Market Rent (FMR) for ZIP 82729 - 2027

Location: Weston County, WY | Metro: Crook County, WY

FY 2027 Fair Market Rent Rates

Unit Size	Monthly FMR
Studio	$870
1 Bedroom	$870
2 Bedrooms	$1,130
3 Bedrooms	$1,450
4 Bedrooms	$1,880
5 Bedrooms	$2,181
6 Bedrooms	$2,443
7 Bedrooms	$2,638
8 Bedrooms	$2,770

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

2,331

Median Household Income

$89,306

Housing Units

1,214

Renter Percentage

29.5%

Occupancy Rate

86.2%

Renter Occupied

309

Sundance, WY, located in Wyoming's scenic Big Horn County, offers a unique blend of rural charm and proximity to cultural attractions such as the Sundance Film Festival. This area caters to both permanent residents and seasonal visitors, creating a diverse rental market. Here’s a concise market analysis based on key data points:

The Fair Market Rent (FMR) for Sundance, WY, is set at $1,070 for the fiscal year 2026, indicating the government's benchmark for rental affordability.
The average market rent in Sundance, according to the Census ACS, stands at $939. This figure suggests that the actual rental prices are slightly below the government's FMR, potentially leaving room for price increases.
The median home value in Sundance is $412,138, which reflects the overall property values in the area and can be indicative of the local economy's strength.
Renters make up 29.5% of the housing market in Sundance. This percentage highlights the demand for rental properties, albeit less than half of the total housing stock.
The median household income in Sundance is $89,306. This level of income supports a stable rental market and indicates that tenants have the financial capability to meet rent obligations.
Data on Days on Market (DOM) for rentals is currently unavailable, but it would be useful to gauge how quickly properties are being leased.

For landlords and small-portfolio investors, Sundance presents a balanced investment opportunity. The disparity between the FMR and the market rent suggests potential for modest price adjustments without alienating tenants. The median home value and income levels provide confidence in the local economy's ability to sustain rental prices. With nearly 30% of residents renting, there is a solid base of demand for rental properties, though the relatively low renter share compared to other areas might indicate some competition from homeownership options. Overall, Sundance offers a stable environment for generating rental income, especially for those who can position their properties competitively within the market.

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.