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 Section 8 housing program in ZIP code 82945 offers a straightforward path for landlords and small-portfolio investors looking to enter this market. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $990. This figure represents the payment standard, which is the maximum amount that the government will pay toward your tenant's rent. It is not the rent you can charge, but rather the subsidy limit.
Despite the lack of specific local rent data for ZIP 82945, the FMR gives a clear benchmark for the region. The 6.2% renter share indicates that nearly six percent of the population in this area relies on rental assistance. This suggests a steady demand for Section 8 properties, making it a reliable choice for investment.
To acquire a property suitable for Section 8 tenants, expect to spend around $88,410. This price point reflects the average cost of purchasing a rental unit in the area. It’s important to note that while this is an average, actual costs can vary depending on the condition and location of the property.
Before finalizing any investment decision, verify that the property meets all local and federal housing quality standards. These standards ensure the safety and habitability of the property, which is crucial for maintaining eligibility in the Section 8 program. Compliance with these requirements is non-negotiable and ensures a smooth tenancy experience.
In summary, the FMR of $990 provides a clear guideline for the subsidy you can receive, while the 6.2% renter share points to a consistent demand. With an acquisition cost of approximately $88,410, the initial investment is manageable. However, ensuring the property complies with all necessary standards is essential to avoid future complications.
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.