Wyoming (WY)
STATESAFMRState Median Investment Score
57Below average
| BR | Rent | 3Y CAGR |
|---|---|---|
| 0 BR | $696 - $1,278▲Median: $779 | 0.5% |
| 1 BR | $764 - $1,287▲Median: $819 | 1.0% |
| 2 BR | $999 - $1,683▲Median: $999 | 0.7% |
| 3 BR | $1,239 - $2,330▲Median: $1,383 | 0.2% |
| 4 BR | $1,343 - $2,787▲Median: $1,670 | 1.4% |
Market Alignment
FMR is below market; voucher rent may lag private rents.
FMR is below market; voucher rent may lag private rents.
FMR is below market; voucher rent may lag private rents.
FMR is below market; voucher rent may lag private rents.
FMR is below market; voucher rent may lag private rents.
FMR is below market; voucher rent may lag private rents.
FMR is below market; voucher rent may lag private rents.
FMR is near market; voucher and private rents are aligned.
FMR is near market; voucher and private rents are aligned.
FMR is below market; voucher rent may lag private rents.
FMR is below market; voucher rent may lag private rents.
FMR is below market; voucher rent may lag private rents.
FMR is below market; voucher rent may lag private rents.
FMR is below market; voucher rent may lag private rents.
FMR is below market; voucher rent may lag private rents.
FMR is above market; underwrite to market rent.
FMR is below market; voucher rent may lag private rents.
FMR is below market; voucher rent may lag private rents.
FMR is below market; voucher rent may lag private rents.
FMR is below market; voucher rent may lag private rents.
FMR is below market; voucher rent may lag private rents.
FMR is below market; voucher rent may lag private rents.
FMR is near market; voucher and private rents are aligned.
FMR is above market; underwrite to market rent.
FMR is below market; voucher rent may lag private rents.
FMR is below market; voucher rent may lag private rents.
FMR is below market; voucher rent may lag private rents.
FMR is below market; voucher rent may lag private rents.
FMR is near market; voucher and private rents are aligned.
FMR is near market; voucher and private rents are aligned.
FMR is near market; voucher and private rents are aligned.
FMR is near market; voucher and private rents are aligned.
FMR is above market; underwrite to market rent.
FMR is below market; voucher rent may lag private rents.
FMR is below market; voucher rent may lag private rents.
FMR is near market; voucher and private rents are aligned.
FMR is near market; voucher and private rents are aligned.
FMR is near market; voucher and private rents are aligned.
FMR is above market; underwrite to market rent.
FMR is above market; underwrite to market rent.
FMR is above market; underwrite to market rent.
FMR is above market; underwrite to market rent.
Bedroom curve
Counties
Ranked by Investment Score (vs state median)
County map
Wyoming fair market rent by county, FY 2027
HUD's FY 2027 fair market rents cover 23 counties in Wyoming. The median county two-bedroom FMR is $1,016. That is up 3.7% from $980 in FY 2026. Two-bedroom FMRs run from $999 in Washakie County to $1,683 in Teton County. 2 HUD metropolitan FMR areas cover 2 of those counties; each county in the same metro area shares one FMR. No area in Wyoming is required to use Small Area FMRs.
Two-bedroom FMR by county
| County | 2BR | Change | HUD FMR area |
|---|---|---|---|
| Teton County | $1,683 | +1.8% | Non-metro |
| Laramie County | $1,228 | +4.6% | Cheyenne, WY MSA |
| Johnson County | $1,193 | +7.0% | Non-metro |
| Sheridan County | $1,168 | +3.5% | Non-metro |
| Niobrara County | $1,154 | −2.7% | Non-metro |
| Weston County | $1,101 | +4.0% | Non-metro |
| Sublette County | $1,068 | +7.3% | Non-metro |
| Converse County | $1,052 | +2.5% | Non-metro |
| Natrona County | $1,045 | −3.4% | Casper, WY MSA |
| Campbell County | $1,039 | +2.0% | Non-metro |
| Carbon County | $1,022 | +4.3% | Non-metro |
| Park County | $1,016 | +5.5% | Non-metro |
| Albany County | $999 | +3.7% | Non-metro |
| Big Horn County | $999 | +3.7% | Non-metro |
| Crook County | $999 | +3.7% | Non-metro |
| Fremont County | $999 | +3.7% | Non-metro |
| Goshen County | $999 | +3.7% | Non-metro |
| Hot Springs County | $999 | +3.7% | Non-metro |
| Lincoln County | $999 | +3.7% | Non-metro |
| Platte County | $999 | +3.7% | Non-metro |
| Sweetwater County | $999 | +0.3% | Non-metro |
| Uinta County | $999 | +3.7% | Non-metro |
| Washakie County | $999 | +3.7% | Non-metro |
HUD metro FMR areas
| Metro area | Counties | 2BR |
|---|---|---|
| Cheyenne, WY MSA | 1 | $1,228 |
| Casper, WY MSA | 1 | $1,045 |
Questions about Wyoming rents
What is the fair market rent in Wyoming?
HUD sets fair market rents by metro area and county, not statewide. For FY 2027 the median county two-bedroom FMR in Wyoming is $1,016. Look up the county or ZIP code to see the value that applies to a specific property.
Which Wyoming counties have the highest fair market rent?
For FY 2027, the highest two-bedroom FMRs are in Teton County ($1,683), Laramie County ($1,228), Johnson County ($1,193).
Does Wyoming use Small Area Fair Market Rents?
No area in Wyoming is required to use them. Housing authorities use the metro or county FMR unless they choose to adopt Small Area FMRs.
Source: HUD FY 2027 Fair Market Rents. Change compares each county's two-bedroom FMR with FY 2026.
Data source: U.S. Department of Housing and Urban Development (HUD)
Fiscal Year 2027