FY2027 Small Area FMR · Sheridan, WY

ZIP 82801 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 82801 (Sheridan, WY) is $1,160 a month, up 3.6% from FY2026. That is 1% below the Sheridan County, WY area-wide FMR of $1,168.

2-bedroom SAFMR$1,160per month ▲ 3.6%

Area-wide 2 BR FMR$1,168Sheridan County, WY

Rank in the area8thof 12 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$1,044

2 BR Small Area FMR$1,160

110% of SAFMR$1,276

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

Studio$880▲ 3.5%

1 BR$890▲ 4.7%

2 BR$1,160▲ 3.6%

3 BR$1,380▲ 3.0%

4 BR$1,940▲ 3.2%

FY2027 FY2026

Where 82801 sits in the Sheridan County, WY area

Of the 12 ZIP codes HUD lists for the area, 82801 has the 8th highest two-bedroom Small Area FMR. Sheridan 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 $1,168 for two bedrooms; an agency that opts in to Small Area FMRs would use $1,160 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	$880	$792 – $968	$887	$850
1 bedroom	$890	$801 – $979	$893	$850
2 bedrooms	$1,160	$1,044 – $1,276	$1,168	$1,120
3 bedrooms	$1,380	$1,242 – $1,518	$1,392	$1,340
4 bedrooms	$1,940	$1,746 – $2,134	$1,952	$1,880

A household renting a two-bedroom home at the Small Area FMR of $1,160 needs about $46,400 a year to keep housing costs at 30% of income. The area median family income is $100,200 and the 80% low-income limit for four people is $82,100. ZIP code 82801 lies mainly in Sheridan County and Big Horn County. See the Sheridan County, WY county page for the full income limits table and the household check.

Nearby ZIP codes

ZIP	Place	Distance	2 BR SAFMR
82845	Wyarno	10.9 mi	$1,230
82839	Ranchester	16.9 mi	$1,110
82832	Banner	17.3 mi	$1,230
82842	Story	19.3 mi	$1,170
82844	Wolf	19.3 mi	$1,110
82833	Big Horn	19.5 mi	$1,170

Questions

What is the Fair Market Rent for ZIP code 82801?

HUD's FY2027 Small Area Fair Market Rents for 82801 are $880 (studio), $890 (1 BR), $1,160 (2 BR), $1,380 (3 BR) and $1,940 (4 BR) a month.

What is the Section 8 payment standard in 82801?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 82801 that range is $1,044 to $1,276 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 82801?

The FY2026 income limits of the Sheridan County, WY area apply: median family income $100,200, low-income (80%) limit $82,100 for a family of four.