Location: Sublette County, WY | Metro: Sublette 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 | $840 |
| 1 Bedroom | $850 |
| 2 Bedrooms | $1,090 |
| 3 Bedrooms | $1,510 |
| 4 Bedrooms | $1,810 |
| 5 Bedrooms | $2,100 |
| 6 Bedrooms | $2,352 |
| 7 Bedrooms | $2,540 |
| 8 Bedrooms | $2,667 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,510 | $405,883 | 0.37% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 82923 in the metro area for fiscal year 2026 is set at $1,040. This figure represents the payment standard for Section 8 housing assistance in your area, which means that if you participate in the program, the government will pay up to $1,040 per month toward a tenant's rent. It does not reflect the actual rent you can charge; it is the maximum amount the government will contribute.
While the local median rent is currently listed as N/A, indicating insufficient data, the FMR provides a benchmark for landlords to understand the typical rental rates in the area. The lack of local median rent data suggests that there might be limited competition in the rental market, which could mean less pressure to lower rents.
The 0.0% renter share indicates that very few people in ZIP 82923 rely on rental housing. This low percentage signals a potentially low demand for rental properties, including those under Section 8. However, this also means that properties offering affordable housing could fill a significant gap in the market.
If you're considering acquiring a property to use as a Section 8 rental, the average price of homes in ZIP 82923 is around $403,140. This figure reflects the typical acquisition cost for a property in this area. Given the high purchase price, it is crucial to ensure that the property meets the eligibility requirements for the Section 8 program to receive the full payment standard of $1,040.
Before making a final decision, verify that the property complies with the Housing Quality Standards (HQS), which are mandatory for all Section 8 rentals. These standards ensure that the property is safe, decent, and sanitary for tenants. Compliance with HQS is essential because failing to meet these requirements can result in reduced payments or even termination from the program.
In summary, while the FMR of $1,040 sets a cap on government contributions, the high acquisition cost of around $403,140 and the low demand for rental housing suggest that careful consideration and due diligence are necessary. Ensuring your property meets HQS is the critical step to take before fully committing to a Section 8 rental in ZIP 82923.
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.