Location: Sweetwater County, WY | Metro: Sweetwater 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 | $900 |
| 2 Bedrooms | $1,020 |
| 3 Bedrooms | $1,300 |
| 4 Bedrooms | $1,700 |
| 5 Bedrooms | $1,972 |
| 6 Bedrooms | $2,209 |
| 7 Bedrooms | $2,386 |
| 8 Bedrooms | $2,505 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,020 | $225,036 | 0.45% | F |
| 3BR | $1,300 | $299,351 | 0.43% | F |
| 4BR | $1,700 | $339,904 | 0.5% | F |
| 5BR | $1,972 | $405,169 | 0.49% | F |
U.S. Census Bureau data (2024)
In ZIP code 82935, located in Green River, WY, there are several potential issues for landlords considering Section 8 investments. Firstly, tenant turnover is likely to be higher due to the significant gap between the market rent of $921 and the Fair Market Rent (FMR) of $1,020 for the fiscal year 2026 in the metro area. This difference can make it challenging to attract tenants who qualify for Section 8 vouchers, leading to increased vacancy rates. Secondly, vacancy exposure is a concern because the days on market (DOM) data is not available, which makes it difficult to predict how long it might take to fill a vacant unit. Lastly, deferred maintenance is a risk given the typical home value of $292,062 and the median income of $87,993. The lower median income suggests that many residents may struggle to afford necessary repairs, potentially leaving properties in need of maintenance.
However, these risks must be weighed against the high proportion of renters in the area, which stands at 22.4%. High renter density typically indicates strong demand for rental housing, including units that accept Section 8 vouchers. This demand can help mitigate some of the risks associated with vacancy and tenant turnover.
Verdict: Moderate risk for a first-time Section 8 landlord.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.