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:$251,667
Avg Rent:$1,150/mo
Avg Price/Rent:18.3

Wyoming Housing Market Summary

6

Cities Analyzed

2

Favor Buying

0

Favor Renting

4

Toss-Up

Across Wyoming's 6 analyzed cities, the results are mixed with no clear winner statewide. Your decision depends heavily on which city you're considering.

The average home price in Wyoming is $251,667, with average rents at $1,150/month. This gives an average price-to-rent ratio of 18.3.

$Most Affordable Cities

1

Sheridan

$230,000

Buy
2

Rock Springs

$240,000

Toss-up
3

Cheyenne

$250,000

Buy

$$Most Expensive Cities

1

Casper

$285,000

Toss-up
2

Gillette

$255,000

Toss-up
3

Laramie

$250,000

Toss-up

All Wyoming Cities

Sorted by population. Click any city for detailed analysis.

CityMedian PriceMedian RentPrice/RentBreak-evenVerdict
Cheyenne$250,000$1,25016.75 yrsBuy
Casper$285,000$1,20019.87 yrsToss-up
Gillette$255,000$1,10019.38 yrsToss-up
Laramie$250,000$1,05019.88 yrsToss-up
Rock Springs$240,000$1,15017.46 yrsToss-up
Sheridan$230,000$1,15016.73 yrsBuy

Compare Other States

AlabamaAlaskaArizonaArkansasCaliforniaColoradoConnecticutDelawareDistrict of ColumbiaFloridaGeorgiaHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineView all states →

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.

Open Full Calculator