Converse 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).

$1,0522-bedroom FMR, FY2027

$8041-bedroom FMR, FY2027

$82,25080% income limit, family of 4 (FY2026)

$102,800Median family income (FY2026)

The FY2027 Fair Market Rent for a two-bedroom unit in Converse County is $1,052 a month, up 2.5% from $1,026 in FY2026. Converse County belongs to the Converse 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 Converse County by bedroom count

Unit size	FY2027 FMR	FY2026 FMR	Change	Payment standard range (90–110%)
Studio	$799	$777	+2.8%	$720 – $878
1 bedroom	$804	$782	+2.8%	$724 – $884
2 bedrooms	$1,052	$1,026	+2.5%	$947 – $1,157
3 bedrooms	$1,444	$1,412	+2.3%	$1,300 – $1,588
4 bedrooms	$1,758	$1,695	+3.7%	$1,583 – $1,933

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 Converse County that is typically $947 to $1,157 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?

$41,750median income of renter households

$866Median gross rent, all units

25%Rent-to-income ratio (median rent ÷ median renter income)

36%of renter households pay 30% or more of income on rent

At the 30% rule, a renter household earning the local median of $41,750 can afford about $1,044 a month including utilities. The FY2027 two-bedroom Fair Market Rent of $1,052 is $8 (0.8%) more than that. To rent a two-bedroom at the FMR, a household needs $42,080 a year under the 30% rule, or $37,872 under the common landlord rule that income must be three times the rent.

Converse County, ACS 2020–2024	Estimate ± MOE
Median gross rent (rent + utilities)	$866 ±$92
Median income of renter households	$41,750 ±$3,806
Renters paying 30% or more of income (cost-burdened)	35.6% ±10.7
Renters paying 50% or more (severely cost-burdened)	12.3% ±7.8
Renter households (where the share can be computed)	1,130

Change since 2015–2019

	ACS 2015–2019	ACS 2020–2024	Change
Median gross rent	$739	$866	+17.2%
Median renter household income	$47,538	$41,750	−12.2%
Renters paying 30%+ of income	42.3%	35.6%	−6.7 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 Converse County (FY2026)

Income limits decide who qualifies for Section 8 vouchers, public housing and most HUD-assisted units. The area median family income is $102,800 (FY2025: $103,200, −0.4%). 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%)	$21,600 −0.5%	$24,700 −0.4%	$27,800 −0.4%	$33,000 +2.6%	$38,680 +2.7%	$44,360 +2.8%	$50,040 +2.9%	$55,720 +2.9%
Very low income (50%)	$36,000 −0.4%	$41,150 −0.4%	$46,300 −0.3%	$51,400 −0.4%	$55,550 −0.4%	$59,650 −0.4%	$63,750 −0.4%	$67,850 −0.4%
Low income (80%)	$57,600 −0.3%	$65,800 −0.4%	$74,050 −0.3%	$82,250 −0.4%	$88,850 −0.4%	$95,450 −0.4%	$102,000 −0.4%	$108,600 −0.4%

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.