Section 8 Fair Market Rent (FMR) for ZIP 82942 - 2027

Location: Sweetwater County, WY | Metro: Sweetwater County, WY

FY 2027 Fair Market Rent Rates

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

Demographics & Housing Statistics

U.S. Census Bureau data (2024)

Population

Median Household Income

$N/A

Housing Units

Renter Percentage

N/A

Occupancy Rate

56.3%

Renter Occupied

To determine if you should buy in ZIP code 82942 for Section 8 investments, follow this decision tree based on the provided data:

Step 1: Debt Service Coverage Ratio (DSCR)

If the Fair Market Rent (FMR) of $990 per month can cover the debt service on your property, proceed to Step 2.
If not, the answer is No. The rent does not sufficiently cover the costs associated with owning the property.

Step 2: Market Rent Comparison

If the market rent is above $990, then it's competitive but still suitable for Section 8 tenants.
If the market rent is exactly $990, it aligns perfectly with the FMR, making it viable.
If the market rent is below $990, it suggests that the area might be less desirable for non-Section 8 tenants, thus potentially more suitable for Section 8.

Step 3: Tenant Demand Assessment

The percentage of renters in the area is 0.0%, which indicates there is no data available on the percentage of renters. This makes it difficult to assess demand accurately.
The Days on Market (DOM) for properties is N/A, suggesting no information is available on how quickly properties are rented out.

Given the lack of specific data on market rent and tenant demand, the decision to invest in ZIP 82942 hinges on whether the FMR can cover your debt service. If the FMR of $990 is sufficient to meet your financial obligations, the viability of the investment depends on external factors such as the condition of the property and potential renovation costs. However, without concrete numbers on market rent and rental demand, it is difficult to make a definitive recommendation. The answer is It Depends.

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.