Natrona 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).

$1,0452-bedroom FMR, FY2027

$8041-bedroom FMR, FY2027

$79,60080% income limit, family of 4 (FY2026)

$99,500Median family income (FY2026)

The FY2027 Fair Market Rent for a two-bedroom unit in Natrona County is $1,045 a month, down 3.4% from $1,082 in FY2026. Natrona County belongs to the Casper, WY MSA FMR area, 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 Natrona County by bedroom count

Unit size	FY2027 FMR	FY2026 FMR	Change	Payment standard range (90–110%)
Studio	$747	$767	−2.6%	$673 – $821
1 bedroom	$804	$852	−5.6%	$724 – $884
2 bedrooms	$1,045	$1,082	−3.4%	$941 – $1,149
3 bedrooms	$1,447	$1,505	−3.9%	$1,303 – $1,591
4 bedrooms	$1,747	$1,815	−3.7%	$1,573 – $1,921

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 Natrona County that is typically $941 to $1,149 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?

$42,122median income of renter households

$1,016Median gross rent, all units

29%Rent-to-income ratio (median rent ÷ median renter income)

45%of renter households pay 30% or more of income on rent

At the 30% rule, a renter household earning the local median of $42,122 can afford about $1,053 a month including utilities. The FY2027 two-bedroom Fair Market Rent of $1,045 is $8 (0.8%) less than that. To rent a two-bedroom at the FMR, a household needs $41,800 a year under the 30% rule, or $37,620 under the common landlord rule that income must be three times the rent.

Natrona County, ACS 2020–2024	Estimate ± MOE
Median gross rent (rent + utilities)	$1,016 ±$45
Median income of renter households	$42,122 ±$4,539
Renters paying 30% or more of income (cost-burdened)	44.5% ±5.7
Renters paying 50% or more (severely cost-burdened)	20.5% ±4.1
Renter households (where the share can be computed)	8,450

Change since 2015–2019

	ACS 2015–2019	ACS 2020–2024	Change
Median gross rent	$860	$1,016	+18.1%
Median renter household income	$40,170	$42,122	+4.9%
Renters paying 30%+ of income	42.7%	44.5%	+1.8 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.

Small Area FMRs by ZIP code (FY2027)

In metro areas HUD also publishes ZIP-level Small Area Fair Market Rents. Housing authorities in designated areas must use them for voucher payment standards; others may opt in. Here the two-bedroom SAFMR ranges from $1,000 to $1,390 depending on the ZIP code.

All 16 ZIP codes in this FMR area

ZIP	0 BR	1 BR	2 BR	3 BR	4 BR
82601	$710	$770	$1,000	$1,380	$1,670
82602	$750	$810	$1,050	$1,450	$1,760
82604	$870	$930	$1,210	$1,680	$2,020
82605	$750	$810	$1,050	$1,450	$1,760
82609	$780	$840	$1,090	$1,510	$1,820
82620	$810	$870	$1,060	$1,420	$1,640
82630	$750	$810	$1,050	$1,450	$1,760
82635	$750	$810	$1,050	$1,450	$1,760
82636	$820	$880	$1,150	$1,590	$1,920
82638	$750	$810	$1,050	$1,450	$1,760
82639	$1,050	$1,060	$1,390	$1,670	$2,300
82642	$800	$800	$1,000	$1,370	$1,670
82643	$750	$810	$1,050	$1,450	$1,760
82644	$710	$770	$1,000	$1,380	$1,670
82646	$750	$840	$1,050	$1,450	$1,760
82648	$750	$810	$1,050	$1,450	$1,760

Source: HUD FY2027 Small Area FMRs (effective October 1, 2026).

HUD income limits for Natrona County (FY2026)

Income limits decide who qualifies for Section 8 vouchers, public housing and most HUD-assisted units. The area median family income is $99,500 (FY2025: $98,300, +1.2%). 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%	$23,900 +0.2%	$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%)	$34,850 +0.1%	$39,800 +0.1%	$44,800 +0.2%	$49,750 +0.2%	$53,750 +0.2%	$57,750 +0.3%	$61,700 +0.2%	$65,700 +0.2%
Low income (80%)	$55,750 +0.2%	$63,700 +0.2%	$71,650 +0.1%	$79,600 +0.2%	$86,000 +0.2%	$92,350 +0.2%	$98,750 +0.2%	$105,100 +0.2%

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.