Historical data
Pick an indicator to see its long-run evolution.
Median home value
1990–2024Census / Zillow ZHVI, nominal dollars.
Home Prices
Home prices in Wyoming rose moderately in 2023-2024, with statewide appreciation tempered outside the booming Teton County luxury market.
FHFA House Price Index
1975–2025FHFA all-transactions index, annual average of quarters. Source: FHFA via FRED (WYSTHPI).
| Indicator | Wyoming | U.S. |
|---|---|---|
| YoY Home Price Change (%) | 3 | 4.5 |
- •Excluding Teton County, Wyoming home prices are far below the national median.
- •Casper and Cheyenne have seen steadier, more moderate price growth than resort towns.
- •Second-home and vacation buyers heavily influence Teton County pricing.
Median Home Value
Wyoming's median home value reached $352,000 in 2023, driven up significantly by ultra-high-end markets like Teton County.
Median value of owner-occupied homes
2008–2024Census American Community Survey 1-year estimates, B25077 (2020 not released).
| Indicator | Wyoming | U.S. |
|---|---|---|
| Median Home Value ($) | 352000 | 359000 |
- •Teton County (Jackson Hole) has the highest median home price in the entire United States.
- •Home values outside Teton County remain far more affordable than the state average suggests.
- •Wyoming's lack of income tax attracts high-net-worth buyers to Jackson Hole.
Rent Prices
The median gross rent in Wyoming is about $1,010 per month, below the national median and reflecting the state's low population density.
Rent of primary residence index (West region)
2006–2025BLS CPI-U, West region, annual average (CUUR0400SEHA).
| Indicator | Wyoming | U.S. |
|---|---|---|
| Median Rent ($/mo) | 1010 | 1348 |
- •Rents in Jackson Hole far exceed the statewide median due to tourism demand.
- •Wyoming's rental market is small, with most residents owning rather than renting.
- •Energy boomtowns occasionally see temporary rent spikes tied to workforce influxes.
Housing Inventory
Wyoming has about 281,000 total housing units, a relatively small stock reflecting its low population and significant seasonal/vacation housing.
Total housing units
2008–2024Census American Community Survey 1-year estimates, B25001 (2020 not released).
Vacant housing units
2008–2024Census American Community Survey 1-year estimates, B25002 (2020 not released).
| Indicator | Wyoming | U.S. |
|---|---|---|
| Housing Units (thousands) | 281 | 144789 |
- •A large share of Wyoming's housing stock in resort areas is seasonal or vacation housing.
- •Wyoming's housing inventory has grown slowly, constrained by federal land ownership.
- •New construction concentrates in growing areas like Cheyenne, Casper, and Jackson.
Building Permits
Wyoming issues roughly 2,600 new residential building permits annually, a modest volume reflecting its small population and construction market.
New private housing units authorized
1988–2025Census Building Permits Survey, sum of 12 months (FRED WYBPPRIV).
| Indicator | Wyoming | U.S. |
|---|---|---|
| Annual Building Permits | 2600 | 1470000 |
- •Jackson Hole's limited buildable land keeps new permit volumes low despite high demand.
- •Cheyenne and Casper account for a large share of Wyoming's annual permitting activity.
- •Wyoming's permit totals are among the smallest of any state due to its low population.
Homeownership Rate
Wyoming has a strong homeownership rate of 72.1%, among the highest in the nation, reflecting its rural, family-oriented housing stock.
Homeownership rate (CPS/HVS)
1984–2025Census Housing Vacancy Survey, annual (FRED WYHOWN).
| Indicator | Wyoming | U.S. |
|---|---|---|
| Homeownership Rate (%) | 72.1 | 65.7 |
- •Wyoming's homeownership rate consistently ranks among the top ten states.
- •Low property taxes (0.55% effective rate) help sustain high ownership levels.
- •Rural land and ranch ownership boosts Wyoming's overall homeownership figures.
Housing Affordability
Despite rising home values, Wyoming remains relatively affordable outside resort areas, aided by no state income tax and low property taxes of 0.55%.
Housing price level vs U.S. (RPP rents)
2008–2024BEA Regional Price Parities, housing services (SARPP line 3).
| Indicator | Wyoming | U.S. |
|---|---|---|
| Housing price level vs U.S. (RPP rents)2024, BEA Regional Price Parities | 71.1 | 100 |
| Effective Property Tax Rate (%) | 0.55 | 0.9 |
- •Wyoming has no state income tax, easing overall housing cost burdens for residents.
- •Teton County dramatically skews statewide affordability statistics.
- •Wyoming's low property tax rate is among the lowest in the country.
Vacancy Rate
Wyoming's overall housing vacancy rate is 13.4%, elevated by large amounts of seasonal and vacation housing in resort communities like Jackson Hole.
Rental vacancy rate
1986–2025Census Housing Vacancy Survey, annual (FRED WYRVAC).
Homeowner vacancy rate
1986–2025Census Housing Vacancy Survey, annual (FRED WYHVAC).
| Indicator | Wyoming | U.S. |
|---|---|---|
| Vacancy Rate (%) | 13.4 | 10.5 |
- •Much of Wyoming's vacant housing is seasonal, used only part of the year by vacation owners.
- •Teton County has one of the highest seasonal vacancy rates in the nation.
- •High vacancy contrasts with tight, low-vacancy markets in Wyoming's main employment centers.