$350,000
22851 Pelican Ridge Rd
Alcova, WY
2 bd1 ba907 sqft$386/ft²
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Sarah Mitchell
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Compass Real Estate · Alcova, WY
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Alcova, WY(512) 555-0184TX License #0512847
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Alcova, WY Housing Market
Buyer's market+4.4% YoY
Zillow, August 2026 · Refreshes monthlyRedfin, through November 2022 · No longer updatingFreddie Mac via FRED, September 2026 · Refreshes weekly
The typical home in Alcova, WY is worth $346,819, rose 4.4% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $200,000 (through May 2026). With homes going under contract in about 128 days, Alcova is a buyer's market. At today's 7.03% 30-year fixed rate, 20% down on a $346,819 home is about $1,852/mo in principal and interest.
Key numbers for Alcova, WY
Typical home value
$346,819
+4.4% in 12 months
Zillow, August 2026
Median sale price
$200,000
Last published period
Redfin, through November 2022
Days on market
128
Slow-moving
Redfin, through November 2022
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Sale-to-list ratio
66.7%
Selling below asking
Redfin, through November 2022
Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Alcova a buyer's or seller's market?
Buyer's market128 days on market66.7% of asking
Alcova, WY is a buyer's market and homes selling in about 128 days. We classify markets from months of supply, sale-to-list ratio and days on market together — no single number decides it.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Alcova housing market data show?
Every row below is Redfin's final published month for Alcova, WY. Redfin, through November 2022
| Metric | Value |
|---|---|
| Median sale price | $200,000 |
| Median price per sq ft | $112/sq ft |
| Median days on market | 128 days |
| Sale-to-list price ratio | 66.7% |
| Homes sold (that month) | 1 |
| Market condition | Buyer's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Alcova is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Alcova is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Alcova home prices moved?
We hold fewer than three months of sale history for Alcova, WY, which is not enough to draw a trend line without misleading you. The Zillow value figures above are the current read for this city.
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What does it cost to buy a home in Alcova?
Priced off the typical home value of $346,819 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $69,364 | $277,455 | $1,852/mo |
| 5% | $17,341 | $329,478 | $2,199/mo |
Zillow, August 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $1,852, that implies roughly $79,350 a year before you add taxes and insurance. We do not hold a Census income figure for Alcova, so we cannot compare that threshold to local earnings.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Alcova in the next 12 months?
Tell us your timeline. We send the Alcova market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Alcova?
Zillow does not publish a rent index (ZORI) for Alcova, WY, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Alcova?
We hold fewer than two months of inventory readings for Alcova, WY, so there is no trend to report yet.
How does Alcova compare to Wyoming and the U.S.?
Alcova homes sell for $200,000 — 57% below the Wyoming median of $464,500. Against the national median of $410,700, Alcova runs 51% lower.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Alcova, WY | $200,000 | not published | 128 days |
| Wyoming statewide | $464,500 | +18.0% | 51 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through November 2022 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Alcova
What buyers should watch
- The gap between 5% and 20% down here is $347 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $346,819 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Alcova listing goes under contract in 128 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 66.7% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- Your equity moved +4.4% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Alcova varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Alcova
Explore homes currently listed for sale in Alcova, Wyoming across major real estate platforms.
$659,900
23208 Cedar Dr N
Alcova, WY
2 bd2 ba2,104 sqft$314/ft²
House1.04 acres
View photos & details
$1,175,000
28050 State Highway 220
Alcova, WY
5 bd3 ba
Farm80.00 acres
View photos & details
$1,398,500
23003 Desert Sage Dr
Alcova, WY
3 bd4 ba4,741 sqft$295/ft²
House10.91 acres
View photos & details
Looking to buy in Alcova?
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Sale-to-list:66.7%
Who lives in Alcova?
American Community Survey estimates for Alcova. U.S. Census ACS, 2023
Population
88
Households
43
Median age
35.5 years
Owner-occupied
62.8%
62.8% of occupied homes in Alcova are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market.
Which cities are near Alcova, WY?
Ordered by distance from Alcova, not by size. Compare Alcova side by side with any of them.
Alcova housing market FAQ
Is Alcova a buyer's or seller's market?
Alcova, WY is currently a buyer's market based on the supply, pace-of-sale and sale-to-list data we hold for this city. Redfin's public market tracker last published in May 2026, so this classification will not move until a new source fills that gap.
How much do homes cost in Alcova?
The typical home in Alcova, WY is worth $346,819 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $200,000, about $112 per square foot.
Is Alcova cheaper than the rest of Wyoming?
Alcova's median sale price of $200,000 is 57% lower than the Wyoming statewide median of $464,500, and 51% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Alcova?
Homes in Alcova, WY spent a median of 128 days on market before going under contract, versus 51 days statewide. Over two months means buyers have time to inspect, compare and negotiate. (Redfin, through May 2026.)
What income do you need to buy a home in Alcova?
At the current 30-year fixed rate of 7.03%, 20% down on a $346,819 home is about $1,852 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $79,350 a year before taxes, insurance, HOA dues or mortgage insurance.
Are home prices rising in Alcova?
The typical home value in Alcova, WY rose 4.4% over the last 12 months, from $332,172 to $346,819 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Alcova?
Alcova ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Alcova?
That depends on your timeline, not on a headline. What the data says today: Alcova, WY is a buyer's market, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
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