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Carbon County/Saratoga/82331

82331

ZIPSAFMR
Carbon County, WY
Zillow

ZIP Investment Score

79Below average

095130300
BRFMR
Eff. Rent
0 BR$890$890
1 BR$960$960
2 BR$1,140$1,140
3 BR$1,490$1,490
4 BR$1,500$1,500
5 BR$1,725Not available
6 BR$1,984Not available
7 BR$2,281Not available
8 BR$2,624Not available

Purchase Price Calculator

Maximum purchase price
$107,487

Cost breakdown

+Likely effective rent$1,140
HUD FMRUsed$1,140
Market rentN/A
Est. payment standardN/A
-Principal and interest-$544
Loan amount$85,990
Down payment$21,497
Rate6.50%
Term30 years
-Operating costs-$396
Property taxes-$107
Insurance-$175
Utilities$0
HOA$0
Management-$114
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$18,546(86.3% ROI)
Projected value
$115,752
Return breakdown
Property appreciation+$8,265
Loan principal paid down+$3,081
Rental cash flow+$7,200
5-year hold
+$31,619(147.1% ROI)
Projected value
$121,612
Return breakdown
Property appreciation+$14,125
Loan principal paid down+$5,494
Rental cash flow+$12,000
10-year hold
+$67,196(312.6% ROI)
Projected value
$137,592
Return breakdown
Property appreciation+$30,105
Loan principal paid down+$13,091
Rental cash flow+$24,000

Public Housing Authority

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Rolodex

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Market Alignment

Not enough rental comps in this area to determine how FMR aligns with current market rates.

Historical
FY 2023-2027
FMR
FY2027
Property value
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Tax rate
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Mortgage rate
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ZIP 82331 fair market rent, FY 2027

For FY 2027, HUD's Small Area Fair Market Rent for a two-bedroom unit in ZIP 82331 (Saratoga, WY) is $1,140 a month. That is up 16.3% from $980 in FY 2026. Saratoga is in the Carbon County, WY non-metropolitan FMR area. 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 county-wide two-bedroom FMR of $1,022. Among 14 ZIP codes in Carbon County, 82331 is tied for the 7th-highest two-bedroom rent (county range $1,000–$1,510). The median county two-bedroom FMR in Wyoming is $1,016, so ZIP 82331 is 12% above it.

FY 2027 rent by bedroom

FY 2027 fair market rent by bedroom for 82331
BedroomsFY 2027Change90–110% range
Studio$890+15.6%$801–$979
1BR$960+12.9%$864–$1,056
2BR$1,140+16.3%$1,026–$1,254
3BR$1,490+15.5%$1,341–$1,639
4BR$1,500+2.7%$1,350–$1,650

Fair market rent history, FY 2023–2027

Fair market rent by fiscal year for 82331
Fiscal yearStudio1BR2BR3BR4BR
FY 2027$890$960$1,140$1,490$1,500
FY 2026$770$850$980$1,290$1,460
FY 2025$730$730$940$1,320$1,560
FY 2024area FMR$803$808$1,038$1,463$1,726
FY 2023area FMR$708$713$913$1,298$1,552

Marked years use a different HUD benchmark than FY 2027, so they are not a like-for-like change.

Two-bedroom rent in nearby Carbon County ZIP codes

FY 2027 two-bedroom Small Area FMR by ZIP code
ZIP code2 bedroomvs. 82331
82083$1,510+32.5%
82301$1,000−12.3%
82321$1,070−6.1%
82323$1,120−1.8%
82324$1,1400.0%
82325$1,210+6.1%
82327$1,440+26.3%
82329$1,020−10.5%
82331Current$1,140—
82332$1,210+6.1%
82334$1,440+26.3%
82335$1,020−10.5%

Questions about ZIP 82331 rents

How much will Section 8 pay for a two-bedroom in ZIP 82331?

Housing authorities set voucher payment standards, normally between 90% and 110% of the FMR. With the county-wide two-bedroom FMR of $1,022, which applies unless the housing authority uses Small Area FMRs, that basic range is $920 to $1,124 a month; under the ZIP-level Small Area FMR of $1,140 it would be $1,026 to $1,254. 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 82331 in?

ZIP 82331 is in the Carbon County, WY non-metropolitan FMR area. Small Area FMRs are optional here; the county-wide two-bedroom FMR is $1,022.

How much did fair market rent change in ZIP 82331 for FY 2027?

The two-bedroom FMR rose 16.3%, from $980 in FY 2026 to $1,140 in FY 2027. Since FY 2025 it has risen 21.3%.

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

County fair market rentSaratoga, WY fair market rentWY statewide rentsWhat is SAFMR?Data sources