Location: Uinta County, WY | Metro: Uinta 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 | $810 |
| 1 Bedroom | $890 |
| 2 Bedrooms | $1,170 |
| 3 Bedrooms | $1,620 |
| 4 Bedrooms | $1,960 |
| 5 Bedrooms | $2,274 |
| 6 Bedrooms | $2,547 |
| 7 Bedrooms | $2,751 |
| 8 Bedrooms | $2,889 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 3BR | $1,620 | $317,192 | 0.51% | F |
| 4BR | $1,960 | $389,743 | 0.5% | F |
U.S. Census Bureau data (2024)
Skeptical investors considering ZIP 82937 might have several valid concerns regarding the feasibility of investing in this area. Let's address these concerns head-on using the available data.
Objection 1: Will Fair Market Rent (FMR) of $1,110 (metro FY 2026) cover the mortgage on a $308,274 home?
The FMR of $1,110 can be compared against typical mortgage payments to determine if it's sufficient. Assuming a standard 30-year fixed-rate mortgage at an average interest rate of 4%, the monthly payment on a $308,274 home would be approximately $1,470. This means that the FMR falls short by around $360 per month. Therefore, relying solely on FMR would not fully cover the mortgage costs, suggesting that additional income sources or a lower interest rate would be necessary to make the investment viable.
Objection 2: Is there enough renter demand at 15.9%?
The rental demand in ZIP 82937, represented by the 15.9% rental rate, is relatively low compared to national averages which often exceed 20%. This indicates that the majority of residents prefer homeownership over renting, which could translate into less competition among landlords but also potentially lower occupancy rates and higher vacancy costs. To mitigate this risk, investors should focus on properties that appeal to renters, such as those near employment centers or with amenities that attract tenants.
Objection 3: Will vouchers keep pace with $1,213 market rents?
The data shows that the average market rent in ZIP 82937 is $1,213. However, the FMR of $1,110 is lower than this figure, indicating that vouchers might not fully cover the market rent. For landlords who accept vouchers, this discrepancy could mean absorbing the difference between the voucher amount and the actual rent charged. Investors must weigh the benefits of voucher-backed tenancy, such as guaranteed rent and stable occupancy, against the financial shortfall.
In conclusion, while ZIP 82937 presents some challenges, particularly with the gap between FMR and mortgage payments, and the relatively low rental demand, it also offers opportunities for strategic investments. Careful consideration of property location and tenant preferences can help offset some of these risks. The voucher situation, although not ideal, provides a steady stream of tenants willing to pay a portion of the market rent.
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.