Location: Lincoln County, WY | Metro: Lincoln County, WY
| Unit Size | Monthly FMR |
|---|---|
| Studio | $910 |
| 1 Bedroom | $910 |
| 2 Bedrooms | $1,200 |
| 3 Bedrooms | $1,660 |
| 4 Bedrooms | $1,990 |
| 5 Bedrooms | $2,308 |
| 6 Bedrooms | $2,585 |
| 7 Bedrooms | $2,792 |
| 8 Bedrooms | $2,932 |
U.S. Census Bureau data (2024)
The Section 8 Housing Choice Voucher program in ZIP code 83122 offers a clear path for landlords and small-portfolio investors looking to enter the subsidized housing market. The Fair Market Rent (FMR) for the metro area in fiscal year 2026 is set at $1,130. This figure represents the payment standard that the government will use to reimburse landlords for renting to voucher holders, not the amount tenants will pay directly.
To understand the demand for Section 8 rentals in this area, consider the renter share, which stands at 0.0%. This indicates that there is no direct rental data available for comparison, but it also suggests a high potential demand for affordable housing options. The lack of specific local rental figures (N/A) implies that the $1,130 FMR is likely higher than what many low-income individuals can afford on their own, making Section 8 vouchers particularly attractive to potential tenants.
Regarding acquisition costs, the data also shows N/A, meaning there's no specific information available about the typical costs of acquiring properties in this ZIP code. However, you should be aware that the reimbursement rate does not cover all expenses. Landlords must ensure that the $1,130 covers their mortgage, maintenance, insurance, and other costs associated with the property.
Before deciding to participate in the Section 8 program with a rental in ZIP 83122, verify that your property meets the required standards. The government sets specific criteria for habitability, health, and safety to ensure that voucher holders live in decent conditions. Failure to meet these standards can result in penalties or disqualification from the program.
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.