Big Horn County, WY: Fair Market Rent 2027 and Income Limits

Official HUD figures for landlords and renters, effective October 1, 2026 (rents) and May 1, 2026 (income limits).

$9992-bedroom FMR, FY2027

$9041-bedroom FMR, FY2027

$79,50080% income limit, family of 4 (FY2026)

$85,100Median family income (FY2026)

The FY2027 Fair Market Rent for a two-bedroom unit in Big Horn County is $999 a month, up 3.7% from $963 in FY2026. Big Horn County belongs to the Big Horn County, WY FMR area (non-metro county), so the same figures apply across that area. FMRs are gross rents: rent plus all tenant-paid utilities except phone, cable and internet.

Fair market rent in Big Horn County by bedroom count

Unit size	FY2027 FMR	FY2026 FMR	Change	Payment standard range (90–110%)
Studio	$779	$761	+2.4%	$702 – $856
1 bedroom	$904	$871	+3.8%	$814 – $994
2 bedrooms	$999	$963	+3.7%	$900 – $1,098
3 bedrooms	$1,239	$1,189	+4.2%	$1,116 – $1,362
4 bedrooms	$1,559	$1,515	+2.9%	$1,404 – $1,714

Source: HUD Fair Market Rents FY2027 (effective October 1, 2026) and FY2026 (revised file), details.

What can a landlord charge a Section 8 tenant here?

The FMR is not a cap on what you can ask on the open market. For a Housing Choice Voucher tenant, the local housing authority sets a payment standard, normally between 90% and 110% of the FMR (or of the ZIP-level Small Area FMR where those apply). For a two-bedroom unit in Big Horn County that is typically $900 to $1,098 including utilities. You can charge more than the payment standard if the rent passes the housing authority's rent-reasonableness test and, at move-in, the tenant's share stays within 40% of their adjusted monthly income. Ask the housing authority for its current payment standard schedule.

Can local renters afford the fair market rent?

$43,145median income of renter households

$823Median gross rent, all units

23%Rent-to-income ratio (median rent ÷ median renter income)

42%of renter households pay 30% or more of income on rent

At the 30% rule, a renter household earning the local median of $43,145 can afford about $1,079 a month including utilities. The FY2027 two-bedroom Fair Market Rent of $999 is $80 (7.4%) less than that. To rent a two-bedroom at the FMR, a household needs $39,960 a year under the 30% rule, or $35,964 under the common landlord rule that income must be three times the rent.

Big Horn County, ACS 2020–2024	Estimate ± MOE
Median gross rent (rent + utilities)	$823 ±$114
Median income of renter households	$43,145 ±$6,040
Renters paying 30% or more of income (cost-burdened)	42.0% ±6.9
Renters paying 50% or more (severely cost-burdened)	20.6% ±5.8
Renter households (where the share can be computed)	866

Change since 2015–2019

	ACS 2015–2019	ACS 2020–2024	Change
Median gross rent	$678	$823	+21.4%
Median renter household income	$30,037	$43,145	+43.6%
Renters paying 30%+ of income	28.0%	42.0%	+14.0 pts

Rent-to-income calculator: does an applicant qualify? → · Most affordable counties to rent in this state →

Source: U.S. Census Bureau, American Community Survey 5-Year Estimates 2020–2024 and 2015–2019 (tables B25064, B25119, B25070). ± = margin of error at 90% confidence. Dollar figures are not adjusted for inflation.

HUD income limits for Big Horn County (FY2026)

Income limits decide who qualifies for Section 8 vouchers, public housing and most HUD-assisted units. The area median family income is $85,100 (FY2025: $87,500, −2.7%). Small figures under each limit show the change from FY2025.

Household size	1 person	2 people	3 people	4 people	5 people	6 people	7 people	8 people
Extremely low income (30%)	$20,900 ±0.0%	$23,850 ±0.0%	$27,320 +1.8%	$33,000 +2.6%	$38,680 +2.7%	$44,360 +2.8%	$50,040 +2.9%	$55,720 +2.9%
Very low income (50%)	$34,800 ±0.0%	$39,800 +0.1%	$44,750 +0.1%	$49,700 +0.1%	$53,700 +0.1%	$57,700 +0.2%	$61,650 +0.1%	$65,650 +0.2%
Low income (80%)	$55,650 ±0.0%	$63,600 ±0.0%	$71,550 ±0.0%	$79,500 +0.1%	$85,900 +0.1%	$92,250 +0.1%	$98,600 +0.1%	$104,950 +0.0%

The 30% limit is HUD's “extremely low income” limit: the higher of 30% of median income or the federal poverty guideline, but never above the 50% limit. That is why it can rise faster than 30% of median for larger households. Tax-credit (LIHTC) properties use separate Multifamily Tax Subsidy Project limits.

Source: HUD Section 8 Income Limits FY2026 (effective May 1, 2026) and FY2025, details.