Teton 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).

$1,6832-bedroom FMR, FY2027

$1,2871-bedroom FMR, FY2027

$106,80080% income limit, family of 4 (FY2026)

$148,500Median family income (FY2026)

The FY2027 Fair Market Rent for a two-bedroom unit in Teton County is $1,683 a month, up 1.8% from $1,653 in FY2026. Teton County belongs to the Teton 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 Teton County by bedroom count

Unit size	FY2027 FMR	FY2026 FMR	Change	Payment standard range (90–110%)
Studio	$1,278	$1,252	+2.1%	$1,151 – $1,405
1 bedroom	$1,287	$1,260	+2.1%	$1,159 – $1,415
2 bedrooms	$1,683	$1,653	+1.8%	$1,515 – $1,851
3 bedrooms	$2,330	$2,216	+5.1%	$2,097 – $2,563
4 bedrooms	$2,787	$2,730	+2.1%	$2,509 – $3,065

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 Teton County that is typically $1,515 to $1,851 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?

$105,380median income of renter households

$1,904Median gross rent, all units

22%Rent-to-income ratio (median rent ÷ median renter income)

28%of renter households pay 30% or more of income on rent

At the 30% rule, a renter household earning the local median of $105,380 can afford about $2,635 a month including utilities. The FY2027 two-bedroom Fair Market Rent of $1,683 is $952 (36.1%) less than that. To rent a two-bedroom at the FMR, a household needs $67,320 a year under the 30% rule, or $60,588 under the common landlord rule that income must be three times the rent.

Teton County, ACS 2020–2024	Estimate ± MOE
Median gross rent (rent + utilities)	$1,904 ±$237
Median income of renter households	$105,380 ±$17,934
Renters paying 30% or more of income (cost-burdened)	27.9% ±7.6
Renters paying 50% or more (severely cost-burdened)	12.1% ±5.3
Renter households (where the share can be computed)	3,866

Change since 2015–2019

	ACS 2015–2019	ACS 2020–2024	Change
Median gross rent	$1,376	$1,904	+38.4%
Median renter household income	$66,672	$105,380	+58.1%
Renters paying 30%+ of income	34.7%	27.9%	−6.8 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.

HUD income limits for Teton County (FY2026)

Income limits decide who qualifies for Section 8 vouchers, public housing and most HUD-assisted units. The area median family income is $148,500 (FY2025: $141,500, +4.9%). 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%)	$31,200 +4.9%	$35,650 +4.9%	$40,100 +4.8%	$44,550 +4.9%	$48,150 +5.0%	$51,700 +5.0%	$55,250 +4.9%	$58,850 +5.0%
Very low income (50%)	$52,000 +4.9%	$59,400 +4.9%	$66,850 +4.9%	$74,250 +4.9%	$80,200 +4.9%	$86,150 +4.9%	$92,100 +5.0%	$98,050 +5.0%
Low income (80%)	$74,800 +2.5%	$85,450 +2.5%	$96,150 +2.5%	$106,800 +2.5%	$115,350 +2.5%	$123,900 +2.5%	$132,450 +2.5%	$141,000 +2.5%

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.