Location: Campbell County, WY | Metro: Campbell County, WY
| Unit Size | Monthly FMR |
|---|---|
| Studio | $770 |
| 1 Bedroom | $810 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,330 |
| 4 Bedrooms | $1,660 |
| 5 Bedrooms | $1,926 |
| 6 Bedrooms | $2,157 |
| 7 Bedrooms | $2,330 |
| 8 Bedrooms | $2,447 |
U.S. Census Bureau data (2024)
The investment risk assessment for ZIP 82731 reveals several potential issues that could impact landlords and small-portfolio investors considering Section 8 properties. Tenant turnover is a significant concern due to the disparity between the market rent and the Fair Market Rent (FMR) set at $960 for fiscal year 2026, which may not accurately reflect local conditions. This discrepancy can lead to higher turnover rates if tenants find better deals elsewhere.
Vacancy exposure is another critical factor, though the exact number of days on market (DOM) is not available. In areas where the FMR does not align with market rents, it's common to see longer periods of vacancy as fewer tenants qualify for the program. This can significantly affect cash flow and overall profitability.
The lack of data on typical home values and median incomes further complicates the assessment. Deferred maintenance can be a substantial issue when these figures are not known, as it's difficult to predict how much money might need to be spent on property upkeep and repairs. Without accurate valuations, it's also challenging to determine the true financial health of the neighborhood and the potential for rental income growth.
However, the analysis must also consider positive aspects. The 0.0% renter share statistic suggests an extremely high concentration of renters in ZIP 82731, which typically correlates with higher demand for housing vouchers. This high density of renters can stabilize the market by ensuring a steady pool of potential tenants who rely on Section 8 assistance, reducing the risk of prolonged vacancies.
Verdict: Moderate risk for a first-time Section 8 landlord.
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.