Location: Lincoln County, WY | Metro: Lincoln County, WY
| Unit Size | Monthly FMR |
|---|---|
| Studio | $760 |
| 1 Bedroom | $760 |
| 2 Bedrooms | $1,000 |
| 3 Bedrooms | $1,380 |
| 4 Bedrooms | $1,660 |
| 5 Bedrooms | $1,926 |
| 6 Bedrooms | $2,157 |
| 7 Bedrooms | $2,330 |
| 8 Bedrooms | $2,447 |
U.S. Census Bureau data (2024)
ZIP 83116, located in Lincoln County, Wyoming, is an ideal candidate for a diversifier within a Section 8 portfolio strategy. With a renter share of 23.4%, there is a significant demand for rental properties in this area, which aligns well with the Section 8 program's focus on affordable housing. The median income of $67,019 suggests that while residents have sufficient earnings to support a rental market, they still require assistance through the Section 8 voucher program to afford housing.
The data indicates that the Fair Market Rent (FMR) for ZIP 83116 in the fiscal year 2026 is set at $960, which is higher than the market rent of $642. This spread of $318 per month highlights the subsidy provided by the Section 8 program, making it financially viable for landlords to participate. However, since the median home value is not available, we cannot assess the potential for appreciation plays in this ZIP code.
As a diversifier, ZIP 83116 offers a balanced opportunity for landlords and small-portfolio investors. It provides a steady stream of income through the guaranteed rental payments, which are crucial for maintaining portfolio stability. Additionally, the higher FMR compared to market rent ensures that investors can cover their costs and generate a profit without relying solely on appreciation or high occupancy rates.
The absence of specific data on price-cut shares and days on market (DOM) makes it difficult to classify this ZIP code as purely an appreciation play. However, given the existing parameters, focusing on the diversification aspect allows investors to spread risk across different types of investments, including those with lower market rents but higher subsidies.
In summary, ZIP 83116 should be considered a diversifier within a Section 8 portfolio strategy. Its substantial renter share and median income level make it attractive for landlords seeking stable cash flows, while the $318 monthly subsidy ensures profitability even in a market with lower-than-average rents.
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.