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Sarah Mitchell
Compass Real Estate · ZIP 82716
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82716 ZIP Code Housing Market
$359,900median sale price
What is the 82716 housing market like right now?
The median home sale price in ZIP code 82716 is $359,900. Homes sell in an average of 9 days with 28 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of October 2025 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is the 82716 ZIP code a buyer's or seller's market?
ZIP code 82716 is currently a balanced market and homes selling in about 9 days. How we determine this →
What are the latest 82716 housing market stats?
| Metric | Value |
|---|---|
| Median sale price | $359,900 |
| Median list price | $279,900 |
| Average days on market | 9 days |
| Active inventory | 28 listings |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
The 82716 zip code, located in Gillette, WY, is currently classified as a balanced market. The median sale price stands at $359,900. Homes in this area spend an average of 9 days on the market before going under contract. There are currently 28 active listings in the area, which influences how much negotiating power buyers and sellers have.
ZIP 82716 sits in the Gillette, WY area, roughly 19.5 miles from downtown Gillette. Because home prices are set street by street, this ZIP can move differently from Gillette's citywide averages. The figures below reflect 82716 specifically — drawn from Redfin transactions, U.S. Census data for its 16,817 residents, and Zillow value estimates.
Homes sold
1
Last 12 weeks
Days on market
9
Fast-moving
Active listings
28
Sale-to-list
—
Below asking
What is driving the 82716 housing market?
The 82716 real estate market is shaped by a combination of local demand, housing supply, and broader economic trends. As a balanced market, market dynamics influence how quickly homes sell and at what price relative to their listing.
Year-over-year price trends are one of the most important indicators for both homebuyers and investors. Prices in 82716 have remained relatively stable compared to last year. For context, it's valuable to compare this trend against neighboring zip codes and the broader metro area to determine whether this performance is localized or part of a regional pattern.
The Zillow Home Value Index (ZHVI) for 82716 stands at $295,083, which represents Zillow's estimate of the typical home value in the area. The Zillow Observed Rent Index (ZORI) indicates typical rents of $1,166 per month. This gives a price-to-rent ratio of approximately 21.1, which indicates that renting may be more cost-effective than buying in the short term, though long-term appreciation could shift that calculus. Use our mortgage calculator to estimate monthly payments based on current home values and interest rates.
Who lives in 82716?
Population
16,817
Median income
$73,155/yr
Median age
37.1 years
Owner-occupied
72.5%
College grads
18.0%
Avg commute
20.59 min
What is it like living in 82716?
Zip code 82716 is home to approximately 16,817 residents. The median household income is $73,155 per year, which shapes the types of homes and amenities available in the area. With a median age of 37.1 years, the community's age profile influences everything from school enrollment to local business types and recreational offerings. Approximately 72.5% of housing units are owner-occupied, indicating a stable, ownership-oriented community where residents have a vested interest in maintaining property values and neighborhood quality.
About 18.0% of residents hold a bachelor's degree or higher, which often correlates with access to knowledge-economy jobs and higher earning potential in the area. The average commute time is 20.59 minutes, which is close to the national average. These demographic factors, combined with the market data above, help paint a complete picture of what it's like to live and own property in 82716.
Which public schools serve ZIP 82716?
10 schools tracked · 3,747 students
The largest public schools serving ZIP code 82716 by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Campbell County High School
Grades 9-12 · 1,169 students
Twin Spruce Junior High School
Grades 7-8 · 673 students
Stocktrail Elementary
Grades K-6 · 560 students
Lakeview Elementary
Grades K-6 · 375 students
Hillcrest Elementary
Grades K-6 · 372 students
Wagonwheel Elementary
Grades PK-6 · 263 students
Meadowlark Elementary
Grades K-6 · 224 students
Rawhide Elementary
Grades K-6 · 111 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Frequently asked questions about 82716
What is the median home price in 82716?
The current median sale price in 82716 is $359,900, based on recent Redfin transaction data. For the most up-to-date pricing and to see how this compares to nearby areas, use our comparison tool.
Is 82716 a buyer's or seller's market?
The 82716 zip code is currently classified as a balanced market. This assessment is based on key indicators including months of supply, sale-to-list price ratios, and average days on market.
What is the population of zip code 82716?
Zip code 82716 has a population of approximately 16,817 residents. The median household income is $73,155 per year. About 72.5% of homes are owner-occupied. This data is sourced from the U.S. Census Bureau and is updated annually.
How do I research neighborhoods in 82716?
Properties Incorporated provides comprehensive data for 82716 including median home prices, price history charts, days on market, active inventory, and Census Bureau demographics. To compare this area with other zip codes or cities, use our comparison tool. For mortgage planning, our mortgage calculator estimates monthly payments based on current prices and interest rates.
How often is the data for 82716 updated?
Market data on Properties Incorporated is updated regularly as new information becomes available. Redfin sales data is typically refreshed monthly, Zillow home value and rent estimates update monthly, and Census Bureau demographics are updated annually.
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