Section 8 Fair Market Rent (FMR) for ZIP 83126 - 2027
Location: Lincoln County, WY | Metro: Lincoln County, WY
FY 2027 Fair Market Rent Rates
| 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 |
Demographics & Housing Statistics
U.S. Census Bureau data (2024)
Median Household Income
$111,172
To determine if you should invest in ZIP code 83126 for Section 8 properties, follow this decision tree:
- 1) Does FMR $960 (metro FY 2026) cover debt service on a property?
- No: The Fair Market Rent (FMR) of $960 is insufficient to cover debt service on a property in ZIP 83126. This means that the income generated from a Section 8 tenant would not be enough to pay for the mortgage and other expenses. Do not proceed with purchasing.
- It depends: If your property's debt service is exactly $960, then FMR can cover it. However, this scenario is unlikely given typical debt service costs exceed FMR. Evaluate further.
- 2) Is market rent above, at, or below FMR?
- Above: If the market rent exceeds $960, landlords might prefer traditional tenants over Section 8. Proceed with caution.
- At: If the market rent is around $960, Section 8 could be competitive but offers limited upside. Consider other factors before deciding.
- Below: If the market rent is below $960, Section 8 becomes more attractive as it guarantees a stable income source. Continue to the next step.
- 3) Are 21.9% renters plus N/A-day Days on Market (DOM) enough demand?
- Yes: With 21.9% of the population renting, there is a reasonable base of potential Section 8 tenants. If DOM is low, this indicates strong demand and quick turnover, making investment viable.
- No: If the Days on Market is high, indicating slow sales or rentals, even the 21.9% rental rate might not be sufficient to ensure a steady stream of Section 8 tenants. Investment is not recommended.
- It depends: A moderate DOM value combined with the 21.9% rental rate suggests potential, but requires further analysis into the local housing market dynamics and Section 8 program specifics.
The decision to buy in ZIP 83126 for Section 8 properties hinges on these factors. Without specific market rent figures and accurate DOM data, a definitive recommendation cannot be made. However, the FMR alone does not support a robust financial case for most properties.
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.