Casper, WY—82609
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 $348,000, with a year-over-year change of 3.4%. This indicates that home prices in Casper, WY are increasing. According to Zillow, the 1-year price projection is 0.5%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $348,000 | 3.4% |
| Single Family | $350,000 | 2.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $245,000 | 3.8% |
3 Bed | $330,000 | 2.5% |
4 Bed | $389,000 | 1.8% |
| 5 Bed | $518,000 | 2.2% |
% of Housing Stock
Rental Trends — Casper, WY
As of July '25, Rentcast reports the average rent in Casper, WY is $1,440, with a year-over-year rent change of 39.8%. Per bedroom, the median rent as of July '25 in Casper, WY is 1-bedrooms: $1,050, 2-bedrooms: $1,090, 3-bedrooms: $1,670, 4-bedrooms: $2,880. The most common rental property sizes in Casper, WY are 2-bedroom and 1-bedroom, accounting for 53.8% and 18.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,220 | $1,440 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $870 | $1,050 |
| 2 Bed Rent | $875 | $1,090 |
| 3 Bed Rent | $1,550 | $1,670 |
| 4 Bed Rent | $3,000 | $2,880 |
% 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 50. This is a increase of 82.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $505,000 | 14.0% |
Listing Count | 69 | 67.0% |
| Listings as % of Homes | 0.4% | 67.0% |
Days on Market | 50 | 82.0% |
Demographics — Casper, WY
As of the latest ACS Survey released in 2023, Casper, WY has a population of 18,800, which has increased by 6.2% over the past 5 years. Casper, WY is a moderately popular place for families, as children make up 23.5% of the population. The area has a moderately educated workforce, with 33.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 18,800 | 6.2% |
% Under 18 | 23.5% | -7.1% |
% Seniors | 17.7% | 27.3% |
% WFH | 11.7% | 192.5% |
% w/ College Degree | 33.2% | 11.0% |
As of the latest ACS Survey released in 2023, Casper, WY is a predominantly white area, with 86.3% of the population identifying as white. The white population has shrunk by 3.8% in the last 5 years. The second most common race or ethnicity in Casper, WY is hispanic, making up 8.3% of the population. Foreign-born residents account for 2.0% of the population in Casper, WY, and this percentage has increased by 25.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 86.3% | -3.8% |
% Black | 0.9% | 12.5% |
% Hispanic | 8.3% | 5.1% |
% Asian | 0.6% | 20.0% |
% Foreign Born | 2.0% | 25.0% |
Mortgage and Risk — Casper, WY
According to HUD data as of 2023, there were 407 mortgage originations in Casper, WY, of which 69.0% of loans were conventional mortgages. The average loan-to-value was 76.0%, 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 | 407 |
% Conventional Loans | 69.0% |
% Government Loans | 31.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% 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 10.9%. 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. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Casper, WY, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 337 |
Total Units Section 8 | 331 |
% Rentals under Section 8 | 10.9% |
% Occupied Section 8 | 86.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $20 | $870 | $890 |
| 2 Bedroom | $215 | $875 | $1,090 |
| 3 Bedroom | -$20 | $1,550 | $1,530 |
| 4 Bedroom | -$1,190 | $3,000 | $1,810 |
Affordability — Casper, WY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.4 |
| Median Home Price | $348,000 |
| Median Household Income | $70,900 |