Rent vs Buy in Wyoming

Compare 6 cities across Wyoming. Find out whether renting or buying makes more financial sense in your area.

6cities analyzed
Avg Home:$348,526
Avg Rent:$1,328/mo
Avg Price/Rent:21.8

Wyoming Housing Market Summary

6

Cities Analyzed

0

Favor Buying

6

Favor Renting

0

Toss-Up

Across Wyoming's 6 analyzed cities, the majority (6 cities) favor renting over buying. High home prices relative to rents make renting more financially attractive in much of Wyoming.

The average home price in Wyoming is $348,526, with average rents at $1,328/month. This gives an average price-to-rent ratio of 21.8.

$Most Affordable Cities

1

Rock Springs

$287,105.24

Rent
2

Casper

$303,500.32

Rent
3

Gillette

$329,077.13

Rent

$$Most Expensive Cities

1

Sheridan

$429,693.91

Rent
2

Cheyenne

$376,644.69

Rent
3

Laramie

$365,137.64

Rent

All Wyoming Cities

Sorted by population. Click any city for detailed analysis.

CityMedian PriceMedian RentPrice/RentBreak-evenVerdict
Cheyenne$376,644.69$1,373.4722.9N/ARent
Casper$303,500.32$1,264.6220.0N/ARent
Laramie$365,137.64$1,238.2224.6N/ARent
Gillette$329,077.13$1,360.920.2N/ARent
Rock Springs$287,105.24$1,178.8320.3N/ARent
Sheridan$429,693.91$1,55023.1N/ARent

Compare Other States

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Run Your Own Numbers

These are general analyses based on median values. Use our comprehensive Buy vs Rent calculator to input your specific income, savings, and financial goals.

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