Final FY 2009 Fair Market Rent Documentation System
The Final FY 2009 Sweetwater County FMRs for All Bedroom Sizes
The following table shows the Final FY 2009 FMRs by unit bedrooms.
Final FY 2009 FMRs By Unit Bedrooms
Efficiency
One-Bedroom
Two-Bedroom
Three-Bedroom
Four-Bedroom
Final FY 2009 FMR
$460
$559
$701
$980
$1,017
The remainder of this page provides complete documentation of the development of the
Final FY 2009 Fair Market Rents (FMRs) for
Sweetwater County, Wyoming.
This page provides a summary of how the Final FY 2009 FMRs
were developed and updated starting with the formation of the FY 2009 FMR Areas from the
metropolitan Core-Based Statistical Areas (CBSAs) as established by the Office of Management and Budget
and incorporating newly available 2006 American Community Survey (ACS) Data.
FY 2009 FMRs include information from local Random Digit Dialing (RDD) surveys conducted during the first
quarter of 2008. Aspects of the derivation of Final FY 2009 rents exlusive to FY 2009 are made explicit in the following text.
Aspects unchanged from FY 2008 can be reviewed by clicking on the associated link.
Sweetwater County FMR Area Derivation (RECAP)
Sweetwater County, WY is a non-metropolitan county under the new metropolitan area definitions used for the
Final FY 2009 FMRs.
Final FY 2009 FMRs
A Random Digit Dialing (RDD) Survey was conducted in February, 2008 for Sweetwater County, WY in response to notice of increased
rental housing market pressure as a result of increased oil and gas drilling activity in the area. In order to be as responsive as possible,
the survey result was made effective with the publication of Proposed FY 2009 FMRs and constitutes a revision of FY 2008 FMRs
(Sweetwater County FY 2008 FMR Documentation system).
Final FY 2009 2-Bedroom FMR
Sweetwater County was included in a three county group
survey that was conducted in February, 2008 for Moffat County, Colorado, Sweetwater County, Wyoming and Uinta County, Wyoming because each county
individually would have been too small to survey independently. Because a county-group was surveyed, the results of the RDD cannot be directly applied to an individual county. Therefore,
a rental unit weighted average FY 2008 rent was constructed for the county-group. The rental unit counts are taken from the 2000 Decennial Census.
The following table summarizes the data used to calculate the FY 2008 40th Percentile weighted rent of $556.
County Group Weighted Average FY 2008 Rent
County
2000 Decennial Census Rental Units
FY 2008 Non-State Minimum Adjusted Rent
Moffat County, Colorado
1,393
$561
Sweetwater County, Wyoming
3,514
$558
Uinta County, Wyoming
1,695
$546
County Group Weighted Average Rent
$556
2008 RDD Evaluation for Sweetwater County, WY
FY 2008 Weighted FMR
April 2008 Trended County-Group RDD Result
2008 County-Group RDD Error
Decision
$556
$678
±$35
Is ABS($556-$678)>$35 Is $122>$35 YES RDD Result Used
Following application of the RDD result, the Final FY 2009 2-Bedroom FMR is simply the FY 2008 RDD-adjusted FMR trended forward from April 2008 to
April 2009. Specifically, the Final FY 2009 FMR is:
$680 x 1.03
$701
The Final FY 2009 Rents for All Bedroom Sizes
The following table shows the
Final FY 2009 FMRs by unit bedrooms.
The FMRs for units
with different numbers of bedrooms are computed from the ratio of the
2005 Revised Final FMRs (based on 2000 Decennial Census Data) for the different unit sizes to the
2005 2-Bedroom Revised Final FMRs. These Rent Ratios are applied to the
Final FY 2009 2-Bedroom FMR
to determine the Final FY 2009 FMRs
for the different size units.
Click on the links in the table to see how the bedroom rents were derived.
The FMRs for unit sizes larger than four bedrooms are calculated by adding 15 percent to the four bedroom FMR, for each extra bedroom.
For example, the FMR for a five bedroom unit is 1.15 times the four bedroom FMR, and the FMR for a six bedroom unit is 1.30 times the four bedroom
FMR. FMRs for single-room occupancy units are 0.75 times the zero bedroom (efficiency) FMR.