Section 8 Fair Market Rent (FMR) for ZIP 83012 - 2027
Location: Teton County, WY | Metro: Teton County, WY
FY 2027 Fair Market Rent Rates
| Unit Size |
Monthly FMR |
| Studio | $1,280 |
| 1 Bedroom | $1,280 |
| 2 Bedrooms | $1,680 |
| 3 Bedrooms | $2,330 |
| 4 Bedrooms | $2,780 |
| 5 Bedrooms | $3,225 |
| 6 Bedrooms | $3,612 |
| 7 Bedrooms | $3,901 |
| 8 Bedrooms | $4,096 |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$N/A
To determine if you should buy in ZIP code 83012 for Section 8 investment, follow this decision tree:
- 1) Does FMR $1,650 (metro FY 2026) cover your debt service?
- Yes: If the Fair Market Rent (FMR) of $1,650 can cover the total debt service on a property, including mortgage payments, taxes, insurance, and maintenance costs, then proceed to the next question.
- No: If the FMR cannot cover your debt service, purchasing in ZIP 83012 is not advisable as it would result in financial loss.
- 2) How does market rent compare to FMR?
- Above FMR: If the average market rent exceeds the FMR, consider the gap between the two figures. A significant difference might indicate that properties are overpriced relative to what Section 8 tenants can afford, making it difficult to attract these tenants.
- At FMR: If the market rent aligns closely with the FMR, this suggests a balanced scenario where Section 8 tenants can afford the rents, and you can meet their requirements without losing income.
- Below FMR: If the market rent is below the FMR, it indicates a strong possibility that Section 8 tenants will be able to afford the rents. However, ensure that the lower market rents do not significantly reduce your potential income.
- 3) Is there sufficient demand for rental properties?
- 100.0% renters + N/A-day DOM: With 100.0% of the population being renters, there is high demand for rental units. The N/A-day Days On Market (DOM) suggests that either rentals are turning over quickly or there's a lack of data to make a definitive judgment. High demand means that finding tenants, including those on Section 8, should be relatively straightforward.
The final decision to invest in ZIP 83012 for Section 8 properties hinges on the answers to these questions. If you can answer 'yes' to the first two and see that the third condition supports demand, then buying here could be profitable. Otherwise, it depends on your risk tolerance and willingness to adjust your expectations regarding returns or property types.
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.