FY2027 Small Area FMR · Otto, WY

ZIP 82434 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 82434 (Otto, WY) is $1,000 a month, up 4.2% from FY2026. That is 0% equal to the Big Horn County, WY area-wide FMR of $999.

2-bedroom SAFMR$1,000per month ▲ 4.2%

Area-wide 2 BR FMR$999Big Horn County, WY

Rank in the area8thof 16 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$900

2 BR Small Area FMR$1,000

110% of SAFMR$1,100

Housing agencies may set voucher payment standards anywhere from 90% to 110% of the FMR without asking HUD.

Studio$780▲ 2.6%

1 BR$900▲ 3.4%

2 BR$1,000▲ 4.2%

3 BR$1,240▲ 4.2%

4 BR$1,560▲ 3.3%

FY2027 FY2026

Where 82434 sits in the Big Horn County, WY area

Of the 16 ZIP codes HUD lists for the area, 82434 has the 8th highest two-bedroom Small Area FMR. Big Horn County, WY is not on HUD's list of mandatory Small Area FMR areas, so voucher payment standards here are normally based on the area-wide FMR of $999 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,000 for this ZIP code instead.

All unit sizes

Monthly gross rent including utilities
Unit	FY2027 SAFMR	Payment standard range	Area-wide FMR	FY2026 SAFMR
Studio	$780	$702 – $858	$779	$760
1 bedroom	$900	$810 – $990	$904	$870
2 bedrooms	$1,000	$900 – $1,100	$999	$960
3 bedrooms	$1,240	$1,116 – $1,364	$1,239	$1,190
4 bedrooms	$1,560	$1,404 – $1,716	$1,559	$1,510

A household renting a two-bedroom home at the Small Area FMR of $1,000 needs about $40,000 a year to keep housing costs at 30% of income. The area median family income is $85,100 and the 80% low-income limit for four people is $79,500. ZIP code 82434 lies mainly in Big Horn County. See the Big Horn County, WY county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
82411	Burlington	8.3 mi	$1,000
82410	Basin	8.9 mi	$1,000
82422	Emblem	9.0 mi	$1,010
82432	Manderson	24.7 mi	$1,000
82426	Greybull	27.6 mi	$1,010
82401	Worland	28.1 mi	$1,000

Questions

What is the Fair Market Rent for ZIP code 82434?

HUD's FY2027 Small Area Fair Market Rents for 82434 are $780 (studio), $900 (1 BR), $1,000 (2 BR), $1,240 (3 BR) and $1,560 (4 BR) a month.

What is the Section 8 payment standard in 82434?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 82434 that range is $900 to $1,100 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 82434?

The FY2026 income limits of the Big Horn County, WY area apply: median family income $85,100, low-income (80%) limit $79,500 for a family of four.