FMR is below market; voucher rent may lag private rents.
0.79
1 BR
1 BR
0.83ratio
FMR$960
Market$1,150
vs market-$190
FMR is below market; voucher rent may lag private rents.
0.83
2 BR
2 BR
0.84ratio
FMR$1,220
Market$1,460
vs market-$240
FMR is below market; voucher rent may lag private rents.
0.84
3 BR
3 BR
0.92ratio
FMR$1,700
Market$1,840
vs market-$140
FMR is near market; voucher and private rents are aligned.
0.92
4 BR
4 BR
0.95ratio
FMR$2,040
Market$2,140
vs market-$100
FMR is near market; voucher and private rents are aligned.
0.95
0.700.800.901.001.101.201.30aligned range
Historical
FY 2023-2027
FMR
FY2027
Market rent
last ~365 days
Property value
--
Tax rate
--
Mortgage rate
--
ZIP 82005 fair market rent, FY 2027
For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 82005 (Fe Warren Afb, WY) is $1,220 a month. That is up 1.7% from $1,200 in FY 2026. Fe Warren Afb is in the Cheyenne, WY MSA. HUD also publishes the ZIP-level Small Area FMRs shown here, but unless the local housing authority has adopted them, vouchers are based on the metro-wide two-bedroom FMR of $1,228. Among 15 ZIP codes in Laramie County, 82005 has the 11th-highest two-bedroom rent (county range $1,110–$1,410). The median county two-bedroom FMR in Wyoming is $1,016, so ZIP 82005 is 20% above it.
FY 2027 rent by bedroom
FY 2027 fair market rent by bedroom for 82005
Bedrooms
FY 2026
FY 2027
Change
90–110% range
Studio
$820
$850
+3.7%
$765–$935
1BR
$930
$960
+3.2%
$864–$1,056
2BR
$1,200
$1,220
+1.7%
$1,098–$1,342
3BR
$1,670
$1,700
+1.8%
$1,530–$1,870
4BR
$2,020
$2,040
+1.0%
$1,836–$2,244
Fair market rent history, FY 2023–2027
Fair market rent by fiscal year for 82005
Fiscal year
Studio
1BR
2BR
3BR
4BR
FY 2027
$850
$960
$1,220
$1,700
$2,040
FY 2026
$820
$930
$1,200
$1,670
$2,020
FY 2025
$760
$880
$1,110
$1,560
$1,870
FY 2024
$770
$890
$1,130
$1,600
$1,920
FY 2023
$660
$760
$950
$1,350
$1,620
Two-bedroom rent in nearby Laramie County ZIP codes
How much will Section 8 pay for a two-bedroom in ZIP 82005?
Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the metro-wide two-bedroom FMR of $1,228, which applies unless the housing authority uses Small Area FMRs, that basic range is $1,105 to $1,351 a month; under the ZIP-level Small Area FMR of $1,220 it would be $1,098 to $1,342. The voucher pays the lower of the payment standard or the gross rent, minus the tenant's share, which is usually about 30% of adjusted monthly income. Confirm the local housing authority's current schedule before underwriting.
Which HUD fair market rent area is ZIP 82005 in?
ZIP 82005 is in the Cheyenne, WY MSA. Small Area FMRs are optional here; the metro-wide two-bedroom FMR is $1,228.
How much did fair market rent change in ZIP 82005 for FY 2027?
The two-bedroom FMR rose 1.7%, from $1,200 in FY 2026 to $1,220 in FY 2027. Since FY 2023 it has risen 28.4%.
When do FY 2027 fair market rents take effect?
HUD's FY 2027 fair market rents took effect on October 1, 2026. When FMRs change, housing authorities generally have up to three months to bring payment standards back within 90% to 110% of the new FMR.
Source: HUD FY 2027 Small Area Fair Market Rents and area FMRs. Payment-standard ranges are 90% to 110% of FMR, HUD's basic range, not a housing authority's published schedule. How payment standards are set