FY2027 Small Area FMR · Parkman, WY

ZIP 82838 Fair Market Rent & Payment Standards

HUD's FY2027 Small Area Fair Market Rent for a two-bedroom home in ZIP code 82838 (Parkman, WY) is $1,090 a month, up 2.8% from FY2026. That is 7% below the Sheridan County, WY area-wide FMR of $1,168.

2-bedroom SAFMR$1,090per month ▲ 2.8%

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

Rank in the area11thof 12 ZIP codes

Payment standard range, 2 bedrooms

90% of SAFMR$981

2 BR Small Area FMR$1,090

110% of SAFMR$1,199

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

Studio$830▲ 3.8%

1 BR$830▲ 3.8%

2 BR$1,090▲ 2.8%

3 BR$1,360▲ 5.4%

4 BR$1,820▲ 4.0%

FY2027 FY2026

Where 82838 sits in the Sheridan County, WY area

Of the 12 ZIP codes HUD lists for the area, 82838 has the 11th 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 $1,090 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	$830	$747 – $913	$887	$800
1 bedroom	$830	$747 – $913	$893	$800
2 bedrooms	$1,090	$981 – $1,199	$1,168	$1,060
3 bedrooms	$1,360	$1,224 – $1,496	$1,392	$1,290
4 bedrooms	$1,820	$1,638 – $2,002	$1,952	$1,750

A household renting a two-bedroom home at the Small Area FMR of $1,090 needs about $43,600 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 82838 lies mainly in Sheridan 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
82836	Dayton	11.3 mi	$1,020
59089	Wyola	14.8 mi	$1,180
82844	Wolf	20.3 mi	$1,110
82839	Ranchester	20.4 mi	$1,110
82441	Shell	22.1 mi	$1,060
59050	Lodge Grass	22.2 mi	$1,590

Questions

What is the Fair Market Rent for ZIP code 82838?

HUD's FY2027 Small Area Fair Market Rents for 82838 are $830 (studio), $830 (1 BR), $1,090 (2 BR), $1,360 (3 BR) and $1,820 (4 BR) a month.

What is the Section 8 payment standard in 82838?

Housing agencies set payment standards between 90% and 110% of the applicable FMR without HUD approval. For a two-bedroom unit in 82838 that range is $981 to $1,199 if the agency uses Small Area FMRs. Ask your housing agency for its actual payment standard.

Which income limits apply in 82838?

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.