Location: Teton County, WY | Metro: Teton County, WY
| 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 |
U.S. Census Bureau data (2024)
The Section 8 market analysis for ZIP code 83013 in Teton County, Wyoming, reveals a competitive but manageable landscape for landlords and small-portfolio investors. The HUD Fair Market Rent (FMR) for the area stands at $1,420 for the fiscal year 2026, which is slightly below the market rent of $1,489 as reported by the Census American Community Survey (ACS).
Voucher tenants in this region will cashflow marginally at the HUD FMR, given that the market rent is just above the FMR. This means landlords should expect a small profit when renting to voucher holders at the FMR rate, but they must be cautious about maintaining properties to meet higher standards often required by voucher programs.
The median home value in ZIP 83013 is a staggering $1,608,863, which significantly impacts the local rental market. To derive the rent-to-price ratio, we can use the following calculation: $1,489 (market rent) / $1,608,863 (median home value) = 0.000925, or approximately 0.09%. This low ratio suggests that buying a property in this area is much more expensive than renting it, potentially making rental investments more attractive compared to purchasing a home.
Note that the data on the median Days on Market (DOM) and the percentage of price cuts are not available, but these metrics would be crucial in understanding the dynamics between renting and buying. In the absence of these figures, the high median home value implies that the buy-versus-rent decision heavily favors renting, thus supporting the rental market's strength.
The strongest investor angle in ZIP 83013 is likely stability. Given the high median home values and the relatively modest gap between the HUD FMR and market rent, the rental market appears resilient and less prone to significant fluctuations. Investors can rely on steady, albeit modest, returns without the volatility often seen in areas with rapidly changing housing markets.
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.