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 |
The analysis of ZIP code 83121, located in Lincoln County, Wyoming, reveals several critical factors that affect the viability of Section 8 real estate investments.
The first question to address is whether the rent math works. The Fair Market Rent (FMR) for the metro area for fiscal year 2026 is set at $960. However, the absence of specific market rent data makes it challenging to directly compare and determine if the FMR aligns with what tenants can afford. This lack of data suggests a need for further investigation into local rental trends before making any definitive conclusions on the rent math.
Moving on to the affordability of acquisitions, the data indicates that there is insufficient information to evaluate the median home value, days on market (DOM), and the percentage of homes requiring price cuts. Without these figures, it's difficult to assess how competitive the real estate market is in terms of pricing and how long properties typically remain unsold. Landlords and investors should seek out detailed market reports to understand the dynamics of property acquisition in this area.
The third question concerns tenant demand. The data does not provide specific figures for the population size or the percentage of renters in ZIP 83121. These missing details are crucial for understanding the potential pool of tenants and the likelihood of finding qualified applicants for Section 8 housing. A comprehensive demographic study would be necessary to fill in these gaps and make informed decisions about investment prospects.
Verdict: While the Fair Market Rent of $960 provides a benchmark for Section 8 landlords, the lack of detailed market data on home values, days on market, price cut percentages, and tenant demographics means that the investment decision should be approached with caution. Additional research is required to fully assess the economic viability of acquiring and renting properties in ZIP 83121 under the Section 8 program. The success of such an endeavor hinges on obtaining accurate, up-to-date information to inform investment strategies.
Data Sources: FMR data from HUD (2027).
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.