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 | $1,130 |
| 1 Bedroom | $1,140 |
| 2 Bedrooms | $1,490 |
| 3 Bedrooms | $2,000 |
| 4 Bedrooms | $2,460 |
| 5 Bedrooms | $2,854 |
| 6 Bedrooms | $3,196 |
| 7 Bedrooms | $3,452 |
| 8 Bedrooms | $3,625 |
Zillow median home prices vs Section 8 FMR rates (Data: 2026-07-31)
| Bedrooms | Monthly FMR | Median Price | 1% Rule | Grade |
|---|---|---|---|---|
| 2BR | $1,490 | $1,546,060 | 0.1% | F |
| 3BR | $2,000 | $3,286,712 | 0.06% | F |
| 4BR | $2,460 | $6,342,281 | 0.04% | F |
| 5BR | $2,854 | $10,133,205 | 0.03% | F |
U.S. Census Bureau data (2024)
The median income in ZIP code 83014, which includes Wilson, WY, stands at $140,473. This figure places the area in a higher-income bracket compared to many other regions. However, when considering the market rate for rent, which is $1,455 according to Census ACS data, the financial landscape becomes more nuanced.
While the median income is substantial, it must be noted that a significant portion of this income is likely allocated towards homeownership costs, leaving a smaller margin for rental expenses. The market rate of $1,455 is only slightly above the Fair Market Rent (FMR) standard of $1,420 set for the metro area in fiscal year 2026. This means that for households receiving housing vouchers, the difference between what they can afford and the market rate is minimal, if present at all.
With 26.5% of the population being renters and a total population of 3,098, there is a noticeable but not overwhelming demand for rental properties. The affordability gap suggests that landlords might face competition from properties that offer lower rents or incentives to attract tenants who are sensitive to cost differences.
Landlords considering their strategy should note that the difference between the FMR and the market rate is negligible. Households with vouchers will find it challenging to cover the $35 discrepancy between the FMR and the market rate without additional support. Therefore, landlords looking to maximize occupancy should consider accepting vouchers as part of their rental strategy, given the slight overlap between voucher payments and market rates. This approach ensures a steady stream of tenants even in a competitive market where affordability is a concern.
The takeaway for landlords is clear: accepting vouchers can be a strategic advantage in maintaining high occupancy rates. Given the slight difference between the FMR and the market rate, it is advisable to be flexible and consider the benefits of working with voucher holders, especially in a region where a significant portion of the population relies on rental housing.
Data Sources: FMR data from HUD (2027). Median home prices from Zillow (2026-07-31). 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.