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Wyoming Real Estate Market Trends 2026

340000

Median Price
Vacancy Rate %

7

Population

584057

Population Growth %

0.5

Home Price YoY % Change

2

Average Cap Rate %

6.5

Rent Yoy % Growth

2

Median Rent

900

Market Overview

Wyoming's real estate market in 2026 features a median home price of $340,000, reflecting a +2% year-over-year change. The rental market shows stabilizing rents with a median one-bedroom at $900/month and two-bedroom at $1,100/month (+2% YoY). With a population of 0.6M that is steadily growing, Wyoming represents a affordable market with limited rental demand. The vacancy rate of 7% is near the national average (national: 7.2%). Top investment cities include Cheyenne, Casper, Laramie, Gillette, Rock Springs. Wyoming is considered landlord-friendly in terms of rental regulations.

Top Investment Cities

Cheyenne, Casper, Laramie, Gillette, Rock Springs

Investment Outlook

Wyoming's market offers an average cap rate of 6.5%, typical of affordable markets. Investors should focus on value-add opportunities and neighborhoods with above-average rental demand. The low rental demand in Cheyenne and Casper provides the strongest opportunity for consistent occupancy and rent growth.

Key Takeaways for 2026

Median home price: $340,000 (+2% YoY)
Average rent: $900-$1100/mo
Cap rate: 6.5%
Vacancy: 7%
Population growth: +0.5%
Demand: Low
Regulation: Landlord-Friendly

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