Wyoming Housing Market Trends

Real-time market data powered by Zillow Research. Last updated: 2026-04-02

Wyoming's housing market reflects its diverse economic base. Jackson Hole operates in a world of its own — one of the most exclusive and expensive resort markets in North America, with limited inventory and extraordinary demand from wealthy out-of-state buyers. Cheyenne's market benefits from state government employment and proximity to the Colorado Front Range. Casper and Gillette's markets are influenced by energy-sector activity, with prices rising and falling with oil, gas, and coal markets. Laramie (University of Wyoming) maintains a steady, affordable market. The state's overall housing challenge is not price (outside Jackson) but availability — limited inventory and sparse construction in many communities means buyers have fewer choices.

By BuyAHomeIn Editorial | Updated 2026-03-02 | Sources: Zillow Research, U.S. Census

Is Now a Good Time to Buy in Wyoming?

The Wyoming housing market is showing balanced conditions.

home values have grown a moderate 1.3% year-over-year. there are currently 195 homes on the market.

Median Home Value

$355,667

Zillow Home Value Index

Year-over-Year

+1.3%

Home value change

5-Year Change

+30.2%

Since 2021

Median Rent

$1,217/mo

Zillow Observed Rent Index

Active Listings

195

Homes for sale

Home Value Trends

5-year Zillow Home Value Index (ZHVI) for Wyoming vs. national average. ZHVI reflects the typical home value in the 35th-65th percentile range.

Rent Trends

Average rent in Wyoming: $1,217/mo (+3% YoY)

Rent vs. Buy Analysis

With a median home value of $355,667 and average rent of $1,217/mo, the price-to-rent ratio in Wyoming is 24.4. A ratio above 21 suggests renting may be more cost-effective.

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