Location: Teton County, WY | Metro: Teton 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 | $1,360 |
| 1 Bedroom | $1,370 |
| 2 Bedrooms | $1,790 |
| 3 Bedrooms | $2,480 |
| 4 Bedrooms | $2,960 |
| 5 Bedrooms | $3,434 |
| 6 Bedrooms | $3,846 |
| 7 Bedrooms | $4,154 |
| 8 Bedrooms | $4,362 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-08-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 1BR | $1,370 | $703,376 | 0.19% | F |
| 2BR | $1,790 | $1,172,446 | 0.15% | F |
| 3BR | $2,480 | $2,256,457 | 0.11% | F |
| 4BR | $2,960 | $3,888,868 | 0.08% | F |
| 5BR | $3,434 | $6,337,400 | 0.05% | F |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for the Jackson, WY metro area in fiscal year 2026 is set at $1,740. This figure represents the maximum amount that a landlord can receive from the Section 8 Housing Choice Voucher program for a unit in ZIP code 83001. It is important to note that this is not the rent you should charge your tenants; it's the reimbursement limit from the government.
To put this into perspective, the local market rent for ZIP 83001, as measured by the Zillow Observed Rental Index (ZORI), is currently at $4,863. This means that the FMR for Section 8 is significantly lower than what you could potentially charge in the open market. However, the FMR ensures a steady income stream, even if it's less than the market rate.
In ZIP 83001, approximately 42.4% of residents are renters, indicating a strong demand for rental properties. This high percentage suggests that there is a substantial pool of potential tenants who might be interested in your property through the Section 8 program.
The total acquisition cost for a property in this ZIP code, based on recent sales, averages around $1,936,394. This is a significant investment, but it can be justified if you are looking for long-term stability and a reliable tenant base. Section 8 participants are typically vetted and must meet certain eligibility criteria, which can reduce the risk of non-payment and damage to your property.
Before committing to a Section 8 rental, verify that the property meets all local housing quality standards (HQS). These standards ensure that the home is safe, decent, and sanitary, and failure to comply can result in penalties or loss of participation in the program. Check with the local housing authority for a detailed list of requirements.
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.