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