HUD Fair Market Rent · FY 2026 · effective Oct 1, 2025 to Sep 30, 2026
Fair Market Rent in Big Horn County, Wyoming (FY 2026)
$963 a month. That's HUD's FY 2026 Fair Market Rent for a two-bedroom in Big Horn County, and it's the baseline every voucher in Big Horn is measured against.
2 bedroom FMR
$963
FY 2026, utilities included
Payment standard range
$867 to $1,059
90% to 110% of FMR
Income to afford 2BR
$38,520
per year, at 30% of income
Rank in Wyoming
14th of 23
by 2BR FMR
HUD has already published FY 2027. On October 1, 2026 the two-bedroom rate in Big Horn moves to $999. That's up 4%. The full FY 2027 table is in the history section below.
HUD's number is one input. What does a two-bedroom in Big Horn actually rent for?
Search any address in Big Horn for a rent estimate built from nearby comps, with the HUD figure right next to it.
FY 2026 Fair Market Rents
| Bedrooms | FMR | Payment standard | Income needed | Hourly wage | vs FY 2025 |
|---|---|---|---|---|---|
| Studio | $761 | $685 to $837 | $30,440 | $14.63/hr | +1.3% |
| 1 bedroom | $871 | $784 to $958 | $34,840 | $16.75/hr | +7.1% |
| 2 bedroom | $963 | $867 to $1,059 | $38,520 | $18.52/hr | +3.2% |
| 3 bedroom | $1,189 | $1,070 to $1,308 | $47,560 | $22.87/hr | +4.6% |
| 4 bedroom | $1,515 | $1,364 to $1,667 | $60,600 | $29.13/hr | +1.3% |
5 to 8 bedrooms (PropMetrics estimates)
HUD stops at four bedrooms. These add 15% of the four-bedroom rent per extra bedroom. It's our estimate, not a HUD number.
| Bedrooms | Estimated FMR | Payment standard |
|---|---|---|
| 5 bedroom Estimate | $1,742 | $1,568 to $1,916 |
| 6 bedroom Estimate | $1,970 | $1,773 to $2,167 |
| 7 bedroom Estimate | $2,197 | $1,977 to $2,417 |
| 8 bedroom Estimate | $2,424 | $2,182 to $2,666 |
Source: HUD Office of Policy Development and Research, FY 2026 Fair Market Rents. Rents include utilities. huduser.gov
Fair Market Rent is HUD's estimate of what a modest, decent unit rents for in an area, utilities included. It's set once a year and runs October to September. For FY 2026 that's October 1, 2025 through September 30, 2026. In Big Horn, that runs from $761 for a studio up to $1,515 for four bedrooms, all five rates in the table above.
Because Big Horn sits outside any HUD metro area, its rate is a county-wide figure built from local rents. One number covers every address in the county, Basin included.
Among Wyoming's 23 counties, Big Horn ranks 14th for two-bedroom FMR. That's within a couple percent of the state median of $980 and about 5% below the national median county at $1,018. About 11,690 people live here, 15th in the state.
Rates by ZIP code
Zoom in and the picture changes. HUD's Small Area FMRs put a two-bedroom at $960 in 82410 (Basin) and $1,170 in 82412 (Byron), with the 12 ZIP codes in between. Housing authorities in HUD-designated metros use those ZIP rates instead of the county rate. Everywhere else the ZIP numbers show where rents actually sit, and the county rate stays the official standard.
What a voucher pays here
The voucher doesn't pay the FMR itself. It pays the payment standard. Housing authorities set it anywhere from 90% to 110% of FMR, which puts a two-bedroom standard in Big Horn somewhere between $867 and $1,059. The tenant pays roughly 30% of their income, the voucher covers the rest up to the standard, and the PHA won't approve a rent above what comparable unassisted units get.
$963 a month is affordable, by HUD's 30% rule, on an income of roughly $38,520 a year. Put another way, $19 an hour full time.
Worked example for a two-bedroom, assuming the rent equals the payment standard. Tenant pays 30% of monthly income, HUD's housing assistance payment covers the rest.
| Monthly household income | Tenant pays (30%) | HAP at 90% ($867) | HAP at 100% ($963) | HAP at 110% ($1,059) |
|---|---|---|---|---|
| $2,500 | $750 | $117 | $213 | $309 |
| $4,000 | $1,200 | $0 | $0 | $0 |
Rate history
The two-bedroom rate went up 3% from FY 2025 ($933) to FY 2026 ($963). Since FY 2020 it's up 35% in total, about 5.1% a year. The Wyoming median held flat over the same year.
| Year | Studio | 1 BR | 2 BR | 3 BR | 4 BR | 2BR change |
|---|---|---|---|---|---|---|
| FY 2020 | $534 | $547 | $714 | $920 | $1,192 | — |
| FY 2021 | $564 | $568 | $734 | $917 | $1,197 | +2.8% |
| FY 2022 | $585 | $589 | $757 | $936 | $1,189 | +3.1% |
| FY 2023 | $643 | $647 | $826 | $1,005 | $1,333 | +9.1% |
| FY 2024 | $744 | $747 | $905 | $1,133 | $1,430 | +9.6% |
| FY 2025 | $751 | $813 | $933 | $1,137 | $1,496 | +3.1% |
| FY 2026 | $761 | $871 | $963 | $1,189 | $1,515 | +3.2% |
| FY 2027 | $779 | $904 | $999 | $1,239 | $1,559 | +3.7% |
Nearby counties
Washakie County
$96347 mi · pop 7,725
Park County
$96348 mi · pop 29,878
Hot Springs County
$96354 mi · pop 4,616
Sheridan County
$1,12968 mi · pop 31,176
Johnson County
$1,11589 mi · pop 8,536
Fremont County
$963102 mi · pop 39,402
Campbell County
$1,019136 mi · pop 46,857
Natrona County
$1,082137 mi · pop 79,506
Questions people ask
$963 a month for FY 2026, which runs October 1, 2025 through September 30, 2026. The other rates are $761 for a studio, $871 for one bedroom, $1,189 for three and $1,515 for four.
Tools for this county
Fair Market Rent lookup
Look up any ZIP code's Small Area FMR by bedroom count.
Section 8 rent calculator
Work out the payment standard and tenant share for a specific rent.
What is Fair Market Rent?
How HUD calculates FMR and what it means for landlords.
Rent affordability calculator
See what income a household needs for a given rent.
What does a rental in Big Horn actually go for?
HUD's number is one input. Search any address in Big Horn for a rent estimate built from nearby comps. 3 free searches, no card.
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