Location: Teton County, WY | Metro: Teton County, WY
| 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 |
U.S. Census Bureau data (2024)
The analysis for Section 8 real estate in ZIP 83025, Teton Village, WY, reveals a significant gap between the Fair Market Rent (FMR) and the actual market rent. The FMR for the metro area in fiscal year 2026 is set at $1,440. However, the specific market rent for ZIP 83025 is not directly provided in the available data. To fill this gap, we must infer from broader market trends and contextual factors.
In ZIP 83025, 69.7% of residents are renters, indicating a strong rental market. The median home value is $3,610,746, which suggests a high-end residential area. The median income is $106,611, reflecting a relatively affluent population. Given these factors, it is reasonable to assume that the market rent for ZIP 83025 exceeds the FMR significantly.
If the market rent were, for example, $2,000 per month, the gap would be $560, or approximately 38.8%. This scenario underscores the financial challenge landlords face when accepting housing vouchers, as they receive less than the open-market rate. Landlords must weigh the benefits of guaranteed rent against the potential loss of revenue from higher-paying tenants.
When FMR is lower than the market rent, as is likely the case here, landlords can still benefit from the predictability of voucher payments. However, they must also consider the impact on their overall portfolio yield. Accepting voucher tenants could mean leaving money on the table compared to the local market rate, but it ensures a steady cash flow and reduces vacancy risk.
To conclude, the disparity between FMR and market rent in ZIP 83025 presents a nuanced decision for landlords. While the exact market rent figure was not found, the high median home value and income levels suggest that market rents are above the FMR. Landlords should carefully evaluate the trade-offs between voucher stability and the potential for higher yields from market-rate tenants.
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.