Location: Lincoln County, WY | Metro: Lincoln County, WY
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,000 |
| 1 Bedroom | $1,010 |
| 2 Bedrooms | $1,320 |
| 3 Bedrooms | $1,830 |
| 4 Bedrooms | $2,200 |
| 5 Bedrooms | $2,552 |
| 6 Bedrooms | $2,858 |
| 7 Bedrooms | $3,087 |
| 8 Bedrooms | $3,241 |
U.S. Census Bureau data (2024)
The market dynamics in ZIP code 83112 reveal a unique scenario that is critical for landlords and small-portfolio investors to understand. With a Fair Market Rent (FMR) set at $1,240 for fiscal year 2026, it suggests that the rental market is being closely monitored and regulated, likely due to the specific housing needs of the area.
The absence of data on market rent, price-cut share, days on market (DOM), and median home value indicates a less active rental market compared to other regions. This lack of activity could be attributed to several factors, including limited rental inventory or strong owner-occupancy preferences among residents. The 0.0% renter share statistic is particularly telling, as it implies that almost all households in 83112 own their homes rather than renting. This high level of owner-occupancy can lead to long-term housing pressures, as it reduces the pool of available rental properties and can drive up home purchase prices.
In a market where supply might be perceived as stable or constrained, landlords must be strategic in pricing and maintaining their properties to attract tenants. The reliance on homeownership over renting points towards a potentially conservative local economy, where residents prefer the stability and investment returns associated with owning property.
While the data does not provide a complete picture of the rental market's health, the high FMR and low renter share suggest that there is significant pressure on renters to find affordable housing. Landlords who can offer competitive rents without compromising on quality will likely find success in attracting tenants. However, the overall trend leans heavily towards homeownership, which could limit the growth potential of the rental sector.
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.