Location: Teton County, WY | Metro: Teton County, WY
| Unit Size | Monthly FMR |
|---|---|
| Studio | $1,170 |
| 1 Bedroom | $1,170 |
| 2 Bedrooms | $1,490 |
| 3 Bedrooms | $2,000 |
| 4 Bedrooms | $2,460 |
| 5 Bedrooms | $2,854 |
| 6 Bedrooms | $3,196 |
| 7 Bedrooms | $3,452 |
| 8 Bedrooms | $3,625 |
U.S. Census Bureau data (2024)
The Fair Market Rent (FMR) for ZIP code 83414 in the metro area for fiscal year 2026 is set at $1,420. This figure represents the payment standard for Section 8 vouchers in your area, meaning it's the maximum amount the program will pay on behalf of eligible tenants. It does not reflect the actual rent you can charge, but rather the ceiling for voucher payments.
While the average rent in 83414 is currently listed as N/A (N/A), we can infer significant demand based on the fact that 18.2% of the population are renters. This indicates a substantial portion of the community relies on rental housing, creating a steady market for properties like yours.
The total acquisition cost for a property in this ZIP code, which includes both the purchase price and any necessary renovations, averages around $1,925,931. This is a high figure, suggesting that while the demand for rentals is strong, the upfront investment required for a Section 8 property is also considerable. Landlords and investors should carefully assess their financial readiness and long-term plans before committing to such an expense.
To proceed confidently, verify that your property meets all the physical and safety standards required by the Section 8 program. These include passing a thorough inspection to ensure it is safe and habitable, with no significant health or safety issues. This is critical because failing to meet these standards can result in disqualification from the program, rendering your investment less valuable.
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.