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Featured local agent — Wyoming
Sarah Mitchell
Compass Real Estate · Wyoming
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Wyoming housing market
Wyoming housing market summary
The typical home in Wyoming is worth $371,854, up 1.4% over the past year. Homes that actually closed went for a median of $464,500 after 51 days on market. On supply, pricing discipline, and speed of sale, Wyoming currently reads as a balanced market at 3.3 months of supply. At today's 7.03% 30-year fixed rate, that typical home costs $1,985 a month in principal and interest with 20.0% down.
Sources: Zillow, August 2026 · Refreshes monthly · Redfin, through May 2026 · Freddie Mac via FRED, September 2026
Wyoming housing market at a glance
Every tile carries the provider and the month it was published
Typical home value
$371,854
+1.4% YoY · Zillow, August 2026
Median sale price
$464,500
Redfin, through May 2026
Typical asking rent
$1,419/mo
Median of 8 cities · Zillow, August 2026
30-yr fixed rate
7.03%
Freddie Mac via FRED, September 2026
Monthly P&I
$1,985
20.0% down, 30-yr fixed
Days on market
51
+9 days YoY
Active listings
2,008
-11.4% YoY
Median household income
$74,815
U.S. Census ACS, 2023
Typical home value is Zillow's ZHVI — the value of a typical home across the whole housing stock, not just the homes that sold. Median sale price is what actually closed. Redfin stopped publishing public market trackers in June 2026; latest available period is May 2026.
Where Wyoming home prices are heading
Wyoming's typical home value is $371,854, up 1.4% over 12 months. The two-year number matters more than the one-year number: it spans a full rate cycle rather than a single seasonal swing. Values are at or within a rounding error of their two-year high.
Against the national picture, Wyoming runs 0.9% above the U.S. typical home value of $368,697, and its 12-month move of +1.4% is outpacing the national pace of +1.2%.
What would have to change for Wyoming prices to fall. Prices fall when supply outruns demand for long enough that sellers compete on price rather than waiting. Wyoming is carrying 3.3 months of supply — below the four-month line, so inventory would have to roughly double before sellers lose pricing power. Active listings are -11.4% year over year and new listings -15.4%, so supply is still tightening, which supports prices even with weak demand. The other lever is the rate. At 7.03%, existing owners with cheaper mortgages have little reason to list, which is what has kept supply artificially low across most of the country. A sustained move down in rates unlocks those sellers and adds inventory; it also adds buyers. Which side moves first decides the direction.
Market trends
Statewide monthly series · Redfin, through May 2026 · No longer updating · Redfin stopped publishing public market trackers in June 2026; latest available period is May 2026.
What it costs to buy in Wyoming at today's rate
Down payment
$74,371
20.0% of value
Loan amount
$297,483
30-yr fixed
Monthly P&I
$1,985
at 7.03%
Income needed
$85,071
28.0% front-end ratio
A buyer purchasing the typical Wyoming home at $371,854 puts $74,371 down, finances $297,483, and pays $1,985 a month in principal and interest. Property taxes, homeowners insurance, HOA dues, and mortgage insurance sit on top of that and vary by county — budget for them separately rather than assuming the P&I figure is the payment.
Lenders typically want principal and interest under 28.0% of gross income, which puts the qualifying income for that purchase at roughly $85,071. Wyoming's median household earns $74,815 (Census ACS 2023) — a gap of $10,256 above what the median household brings in. Put differently, the median household would spend 31.8% of gross income on principal and interest alone — above the ratio most lenders underwrite to, which is why buyers here typically need a larger down payment, a co-borrower, or a cheaper city than the statewide typical home.
The value-to-income ratio in Wyoming is 5.0x. Between roughly 3.5x and 5x, prices are ahead of local earnings but still within reach for higher-earning households. Model your own numbers in the affordability calculator or the mortgage calculator.
Figures are illustrative, not a quote or a pre-approval. Rate: Freddie Mac via FRED, September 2026 · Value: Zillow, August 2026 · Income: U.S. Census ACS, 2023
Buying in Wyoming in the next 12 months?
Tell us your timeline. We send the Wyoming market brief: the price ranges that are actually clearing, the cities where your budget goes furthest, and what to fix on your credit before you apply.
Rent or buy in Wyoming?
Zillow publishes its rent index per city rather than per state, so the honest statewide read is the median across the 8 largest Wyoming cities that carry it: $1,419 a month. Set against a typical home value of $371,854, that is a price-to-rent ratio of 21.8x.
Above 20x, the arithmetic favours renting over short horizons: the purchase premium takes years of appreciation to recover, and that appreciation is not guaranteed. Principal and interest on the typical home runs $566 more per month than that typical rent — and that is before taxes, insurance, and the roughly 1% of value a year most owners spend on maintenance.
For a second read on the same question, the Census ACS puts median gross rent across all Wyoming households — every unit type, not just what is currently listed — at $968 a month (2023), with 71.9% of Wyoming households owning rather than renting. Asking rents lead the ACS figure because they reflect today's new leases rather than the whole stock of existing ones.
Run the rent-vs-buy calculator with your own holding period and down payment — the statewide ratio is a starting point, not an answer.
Supply: what is on the market in Wyoming
| Measure | Latest | Year earlier | Change |
|---|---|---|---|
| Active listings | 2,008 | 2,266 | -11.4% |
| New listings | 861 | 1,018 | -15.4% |
| Homes sold | 603 | 604 | -0.2% |
| Months of supply | 3.3 | 3.8 | -0.5 |
| Sale-to-list ratio | 98.1% | 96.8% | Below asking |
What these mean. Active listings is the shelf — everything a buyer could tour today. New listings is restock rate; when it falls faster than sales, the shelf empties. Months of supply is active inventory divided by homes sold per month: at the current sales pace, how many months it would take to sell every home currently listed. Under 4 months of supply tilts toward sellers, 4 to 5 months is the neutral band, and above 5 months tilts toward buyers — above 7 months is a glut. These are the same thresholds the market verdict on every city and ZIP page is scored against. Sale-to-list ratio is the discipline check — above 100% means homes are clearing over asking on average, below means sellers are conceding.
Redfin, through May 2026 · No longer updating — Redfin stopped publishing public market trackers in June 2026; latest available period is May 2026. Zillow's inventory and new-listing counts are published per city and appear on the individual city pages.
Where Wyoming home values are moving fastest
12-month change in typical home value · Zillow, August 2026
Rising fastest
- 1.Hulett+9.5%
- 2.Burns+9.2%
- 3.Parkman+9.2%
- 4.Clearmont+8.7%
- 5.Pavillion+6.8%
- 6.Pine Bluffs+6.8%
- 7.Shoshoni+6.7%
- 8.Superior+6.6%
Falling
- 1.Midwest-16.3%
- 2.Wright-7.4%
- 3.Gillette-4.0%
- 4.Hudson-4.0%
- 5.Rock Springs-3.1%
- 6.Riverton-1.7%
- 7.Rock River-1.5%
- 8.Ranchester-1.3%
Computed from Zillow's typical home value for each city at August 2026 against the same month a year earlier, across the 90 largest Wyoming cities by population. Small markets swing hardest because a handful of transactions moves the index — read the city page before treating a large move as a trend.
The most and least expensive cities in Wyoming
Typical home value across the 90 largest cities · Zillow, August 2026
Most expensive
- 1.Wilson$3.27M
- 2.Jackson$2.01M
- 3.Alta$2.01M
- 4.Clearmont$654,174
- 5.Parkman$633,757
- 6.Carpenter$508,411
- 7.Hulett$453,649
- 8.Dayton$450,688
- 9.Dubois$447,442
- 10.Sheridan$440,819
Most affordable
- 1.Midwest$52,637
- 2.Superior$96,440
- 3.Rock River$176,912
- 4.Hudson$181,030
- 5.Shoshoni$216,125
- 6.Newcastle$253,767
- 7.Riverton$265,850
- 8.Wright$267,907
- 9.Rock Springs$290,316
- 10.Green River$297,130
The spread between Wilson and Midwest is 62.0x — one reason a single statewide number is close to useless for a buyer with a fixed budget. Pick the city first, then the price band. Speed is a separate axis from price: Dayton was the quickest of these markets to clear at 3 days on market (Redfin, through May 2026).
How Wyoming compares
| Market | Typical value | 12-mo change | Median income | Value / income |
|---|---|---|---|---|
| Wyoming | $371,854 | +1.4% | $74,815 | 5.0x |
| United States | $368,697 | +1.2% | — | — |
| Colorado | $532,748 | -1.4% | $92,470 | 5.8x |
| Utah | $534,582 | +1.5% | $91,750 | 5.8x |
| Montana | $471,746 | +2.0% | $69,922 | 6.7x |
The three states above are Wyoming's nearest land neighbours — the markets buyers most often price against when a move is still negotiable. Wyoming is the cheapest of this group on a typical-value basis, which is what makes it a destination rather than an origin for cross-state moves.
Values and 12-month changes: Zillow, August 2026 · Refreshes monthly. Income: U.S. Census ACS, 2023. ACS publishes household income per state, not for the nation on the same basis, so the U.S. row shows home value only.
Wyoming housing markets by city
91 cities tracked — the 60 largest by population shown
Cheyenne
$392,134
Casper
$313,856
Gillette
$339,181
Laramie
$382,105
Rock Springs
$290,316
Sheridan
$440,819
Evanston
$316,451
Green River
$297,130
Riverton
$265,850
Jackson
$2.01M
Lander
$388,382
Ranchettes
Pop. 6K
South Greeley
Pop. 5K
Mills
Pop. 4K
Fox Farm-College
Pop. 4K
Newcastle
$253,767
Bar Nunn
$364,309
Evansville
$334,165
North Rock Springs
Pop. 2K
South Park
Pop. 2K
Lyman
$313,303
Hoback
Pop. 2K
Arapahoe
Pop. 1K
Wright
$267,907
Moose Wilson Road
Pop. 1K
Fort Washakie
Pop. 1K
Pine Bluffs
$338,751
Wilson
$3.27M
Rafter J Ranch
Pop. 1K
Story
Pop. 1K
Ranchester
$411,534
Mountain View
$302,070
Hartrandt
Pop. 1K
Teton Village
Pop. 1K
Sundance
$394,576
Dayton
$450,688
Vista West
Pop. 1K
Upton
$298,259
Bear River
$382,811
Powder Horn
Pop. 1K
Dubois
$447,442
Red Butte
Pop. 1K
Alta
$2.01M
Shoshoni
$216,125
Casper Mountain
Pop. 1K
Pine Haven
$374,014
Boulder Flats
Pop. 0K
James Town
Pop. 0K
Hulett
$453,649
Reliance
Pop. 0K
Parkman
$633,757
Hudson
$181,030
Burns
$415,305
Centennial
$346,361
Eden
Pop. 0K
Pavillion
$363,472
Homa Hills
Pop. 0K
Kelly
Pop. 0K
Rock River
$176,912
Clearview Acres
Pop. 0K
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What to do next in Wyoming
If you are buying
- Set the payment before the price. Start from what you can carry monthly, then work backwards with the affordability calculator — the typical Wyoming home is $1,985/mo in P&I today.
- Pick the city, not the state. Values across Wyoming run from $52,637 in Midwest to $3.27M in Wilson.
- Put two finalists head to head in the city comparison tool before you tour anything.
- Fix the credit file before you shop the rate. A better score moves the payment more than haggling over price does at 7.03%.
If you are selling
- Price against your city, not the statewide figure — the spread between Wyoming markets is wider than the year-over-year move in any of them.
- Read the supply table above. At 3.3 months of supply, you still set the terms — but only if the home is priced to the comps on day one.
- Watch days on market in your city, not the state. The statewide median was 51 days (Redfin, through May 2026); your city page carries its own.
- Time the listing against new-listing volume. New listings are -15.4% year over year — less competition than a year ago.
Wyoming housing market questions
What is the typical home value in Wyoming?
The typical home value in Wyoming is $371,854 (Zillow, August 2026). That is a +1.4% change over the past 12 months. The median price of homes that actually sold was $464,500 (Redfin, through May 2026); sale prices skew toward whatever segment is transacting, which is why they differ from the typical-value figure.
Are Wyoming home prices going up or down?
Wyoming home values are up 1.4% year over year (Zillow, August 2026). Values are at or near their highest reading in the past two years.
How much income do you need to buy a home in Wyoming?
At the current 30-year fixed rate of 7.03%, a $371,854 home with 20.0% down carries roughly $1,985 a month in principal and interest. Using the 28% front-end ratio most lenders underwrite to, that implies a household income of about $85,071 before taxes, insurance, HOA dues, or mortgage insurance are added. Wyoming's median household income is $74,815 (Census ACS, 2023), a gap of $10,256 above the median household. These figures are illustrative, not a quote or a pre-approval.
Is it cheaper to rent or buy in Wyoming?
Typical asking rent across the largest Wyoming cities Zillow publishes rent data for is $1,419 a month (median of 8 cities, Zillow, August 2026). Against a typical home value of $371,854, that is a price-to-rent ratio of 21.8x. Ratios under about 15x generally favour buying if you plan to stay put; above about 20x, renting and investing the difference tends to win over short horizons. Principal and interest alone runs $566 more than that typical rent each month, before taxes, insurance, and maintenance.
Which Wyoming cities are the most affordable?
Among the largest cities we track in Wyoming, the lowest typical home values are in Midwest ($52,637), Superior ($96,440), Rock River ($176,912), Hudson ($181,030), Shoshoni ($216,125). Values are Zillow's typical-home-value index for August 2026.
Which Wyoming cities are the most expensive?
The highest typical home values among the largest Wyoming cities are in Wilson ($3.27M), Jackson ($2.01M), Alta ($2.01M), Clearmont ($654,174), Parkman ($633,757). Price per square foot, inventory, and days on market for each are on the individual city pages.
Which Wyoming cities are appreciating the fastest?
Over the past 12 months the largest home-value gains among Wyoming cities we track were in Hulett (+9.5%), Burns (+9.2%), Parkman (+9.2%), Clearmont (+8.7%), Pavillion (+6.8%). Fast appreciation usually reflects constrained supply, in-migration, or a small transaction base — check the individual city page before reading it as a trend.
How long do homes take to sell in Wyoming?
Homes in Wyoming spent a median of 51 days on market in the last month Redfin published (Redfin, through May 2026). That is 9 days slower than the same month a year earlier. The quickest market among the state's largest cities was Dayton at 3 days. Redfin stopped publishing public market trackers in June 2026; latest available period is May 2026.
How does Wyoming compare to neighboring states?
Wyoming's typical home value of $371,854 compares with Colorado at $532,748, Utah at $534,582, Montana at $471,746. The U.S. typical home value is $368,697, putting Wyoming 0.9% above the national figure.
Is now a good time to buy in Wyoming?
That depends on your timeline, not the headline. The measurable inputs today: a 30-year fixed rate of 7.03%, 3.3 months of supply statewide (Redfin, through May 2026), active listings -11.4% year over year, and home values +1.4% over the past year. Buyers with a five-year-plus horizon are mostly exposed to the payment, not the price, so the rate you can qualify for matters more than the month you buy. Properties Incorporated is an independent data platform, not a brokerage or lender — this is information, not advice.
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Neighboring state markets
- Colorado housing market — $532,748 typical value
- Utah housing market — $534,582 typical value
- Montana housing market — $471,746 typical value
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