Casper, WY—82604
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Casper, WY
As of Oct '25, the median home price in Casper, WY is $315,000, with a year-over-year change of 3.8%. This indicates that home prices in Casper, WY are increasing. According to Zillow, the 1-year price projection is 0.6%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $315,000 | 3.8% |
| Single Family | $317,000 | 2.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $203,000 | 6.3% |
2 Bed | $237,000 | 4.9% |
3 Bed | $312,000 | 3.0% |
4 Bed | $370,000 | 2.8% |
| 5 Bed | $462,000 | 2.4% |
% of Housing Stock
Rental Trends — Casper, WY
As of July '25, Rentcast reports the average rent in Casper, WY is $1,280, with a year-over-year rent change of 6.7%. Per bedroom, the median rent as of July '25 in Casper, WY is 1-bedrooms: $869, 2-bedrooms: $1,120, 3-bedrooms: $1,240, 4-bedrooms: $1,900. The most common rental property sizes in Casper, WY are 2-bedroom and 3-bedroom, accounting for 38.1% and 37.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,180 | $1,280 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $869 | $869 |
| 2 Bed Rent | $1,100 | $1,120 |
| 3 Bed Rent | $1,250 | $1,240 |
| 4 Bed Rent | $1,900 | $1,900 |
% of Rental Stock
Property Listings — Casper, WY
As of Oct '25, Realtor.com reports that the median days on market for a home in Casper, WY is 62. This is a increase of 31.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 40.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $350,000 | -13.0% |
Listing Count | 100 | 47.0% |
| Listings as % of Homes | 0.4% | 47.0% |
Days on Market | 62 | 31.0% |
Demographics — Casper, WY
As of the latest ACS Survey released in 2023, Casper, WY has a population of 27,600, which has increased by 1.6% over the past 5 years. Casper, WY is a popular place for families, as children make up 26.5% of the population. The area has a moderately educated workforce, with 27.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 27,600 | 1.6% |
% Under 18 | 26.5% | 3.5% |
% Seniors | 16.9% | 11.2% |
% WFH | 8.1% | 80.0% |
% w/ College Degree | 27.0% | 23.3% |
As of the latest ACS Survey released in 2023, Casper, WY is a predominantly white area, with 86.6% of the population identifying as white. The white population has grown by 1.3% in the last 5 years. The second most common race or ethnicity in Casper, WY is hispanic, making up 6.7% of the population. Foreign-born residents account for 2.4% of the population in Casper, WY, and this percentage has decreased by 27.3% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 86.6% | 1.3% |
% Black | 0.8% | -27.3% |
% Hispanic | 6.7% | -29.5% |
% Asian | 0.4% | -33.3% |
% Foreign Born | 2.4% | -27.3% |
Mortgage and Risk — Casper, WY
According to HUD data as of 2023, there were 441 mortgage originations in Casper, WY, of which 63.0% of loans were conventional mortgages. The average loan-to-value was 64.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Casper, WY. Investor activity is low, as 1.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 441 |
% Conventional Loans | 63.0% |
% Government Loans | 37.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Casper, WY
As of 2024, the percent of homes in Casper, WY under the Section 8 program is 8.8%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Casper, WY, all tracked home sizes have HUD payment amounts above market rent, suggesting strong Section 8 opportunity across the board.
Section 8 Market Size
Total Units under HUD | 160 |
Total Units Section 8 | 157 |
% Rentals under Section 8 | 8.8% |
% Occupied Section 8 | 100.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $161 | $869 | $1,030 |
| 2 Bedroom | $160 | $1,100 | $1,260 |
| 3 Bedroom | $520 | $1,250 | $1,770 |
| 4 Bedroom | $190 | $1,900 | $2,090 |
Affordability — Casper, WY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.7 |
| Median Home Price | $315,000 |
| Median Household Income | $75,700 |