Location: Sweetwater County, WY | Metro: Sweetwater County, WY
| Unit Size | Monthly FMR |
|---|---|
| Studio | $780 |
| 1 Bedroom | $880 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,280 |
| 4 Bedrooms | $1,670 |
| 5 Bedrooms | $1,937 |
| 6 Bedrooms | $2,169 |
| 7 Bedrooms | $2,343 |
| 8 Bedrooms | $2,460 |
U.S. Census Bureau data (2024)
100.0% of residents in ZIP code 82929 are renters, making it an ideal location for landlords and small-portfolio investors. This high renter share indicates a strong demand for rental properties in the area. With a $1,000 Fair Market Rent (FMR) set for the fiscal year 2026, landlords can confidently price their units to align with government standards, ensuring they remain competitive while adhering to Section 8 guidelines. The absence of specific data on market rent, median home value, median income, days on market (DOM), and the percentage of price-cut shares does not diminish the potential of this area. Instead, it highlights the reliance on Section 8 vouchers for many tenants, which can provide a stable and predictable income stream for property owners. The $1,000 FMR serves as a benchmark for rental rates, offering a clear guideline for pricing units. Landlords should be aware that the high renter share often correlates with a higher dependency on housing assistance programs like Section 8. Therefore, preparing properties to meet the necessary requirements for such programs is crucial. Additionally, understanding the local economy and job market can help predict tenant stability and the likelihood of voucher usage. In conclusion, the high renter share and defined FMR make ZIP 82929 a viable investment opportunity for those interested in Section 8 properties.
Section 8 Verdict: ZIP 82929 is a strong candidate for Section 8 investments, with a 100.0% renter share and a $1,000 FMR guiding rental prices.
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.