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)
The ZIP code 82943 is located in a rural area of Wyoming, characterized by its modest size with a total population of 187. A significant portion, 57.6%, of the residents are renters, indicating a community where a considerable number of individuals rely on rental properties for housing. The median household income data is not available, which suggests either a lack of comprehensive economic reporting or a diverse economic landscape that is challenging to summarize. However, the median home value in this ZIP code stands at $145,519, reflecting an affordable residential market compared to urban areas.
Moving into the specifics of rental economics, the Fair Market Rent (FMR) for the metro area for fiscal year 2026 is set at $990. This figure represents the benchmark used by the government to determine the maximum payment for Section 8 vouchers. Unfortunately, the market rent data for ZIP 82943 is unavailable, making it difficult to compare FMR against local rental prices directly. Nonetheless, the affordability of homes in the area suggests that market rents might be lower than the FMR, which could be advantageous for both landlords and tenants.
Given the characteristics of ZIP 82943, it would likely suit a hands-off Section 8 voucher operator. The high percentage of renters and the availability of government-subsidized vouchers indicate a demand for rental properties that can be managed with minimal landlord intervention. For those interested in a more hands-on approach, there may still be opportunities to add value through property improvements, especially if the market rents are indeed below the FMR, allowing for potential increases in rental income over time.
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.