Gillette, WY—82716
Real Estate Data & Market Trends
Key Metrics at a Glance
Other Zip Codes in Gillette, WY
Home Price Trends — Gillette, WY
As of Oct '25, the median home price in Gillette, WY is $290,000, with a year-over-year change of 5.6%. This indicates that home prices in Gillette, WY are increasing. According to Zillow, the 1-year price projection is -1.7%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $290,000 | 5.6% |
| Single Family | $290,000 | 2.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $218,000 | 4.8% |
3 Bed | $288,000 | 2.5% |
4 Bed | $323,000 | 1.9% |
| 5 Bed | $368,000 | 1.4% |
% of Housing Stock
Rental Trends — Gillette, WY
As of July '25, Rentcast reports the average rent in Gillette, WY is $1,400, with a year-over-year rent change of 20.7%. Per bedroom, the median rent as of July '25 in Gillette, WY is 1-bedrooms: $895, 2-bedrooms: $996, 3-bedrooms: $2,450. The most common rental property sizes in Gillette, WY are 2-bedroom and 3-bedroom, accounting for 38.7% and 26.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,030 | $1,400 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $895 | $895 |
| 2 Bed Rent | $1,000 | $996 |
| 3 Bed Rent | $1,700 | $2,450 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Gillette, WY
As of Oct '25, Realtor.com reports that the median days on market for a home in Gillette, WY is 56. This is a increase of 3.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $297,000 | -3.0% |
Listing Count | 51 | 3.0% |
| Listings as % of Homes | 0.3% | 3.0% |
Days on Market | 56 | 3.0% |
Demographics — Gillette, WY
As of the latest ACS Survey released in 2023, Gillette, WY has a population of 17,100, which has decreased by -4.1% over the past 5 years. Gillette, WY is a moderately popular place for families, as children make up 24.5% of the population. The area has a poorly educated workforce, with 15.6% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 17,100 | -4.1% |
% Under 18 | 24.5% | -3.5% |
% Seniors | 16.5% | 51.4% |
% WFH | 3.9% | 550.0% |
% w/ College Degree | 15.6% | 21.9% |
As of the latest ACS Survey released in 2023, Gillette, WY is a predominantly white area, with 85.7% of the population identifying as white. The white population has shrunk by 4.0% in the last 5 years. The second most common race or ethnicity in Gillette, WY is hispanic, making up 9.0% of the population. Foreign-born residents account for 4.1% of the population in Gillette, WY, and this percentage has increased by 28.1% 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 | 85.7% | -4.0% |
% Black | 0.1% | -80.0% |
% Hispanic | 9.0% | 7.1% |
% Asian | 0.5% | 150.0% |
% Foreign Born | 4.1% | 28.1% |
Mortgage and Risk — Gillette, WY
According to HUD data as of 2023, there were 169 mortgage originations in Gillette, WY, of which 49.0% of loans were conventional mortgages. The average loan-to-value was 79.0%, with 50.0% above 90% LTV (very high). This implies large mortgage risk in Gillette, WY. Investor activity is low, as 2.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 169 |
% Conventional Loans | 49.0% |
% Government Loans | 51.0% |
% Investor Loans | 2.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 15.0% |
Loan Activity
Rentals and Section 8 — Gillette, WY
Gillette, WY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 153 |
Total Units Section 8 | 131 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 98.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$45 | $895 | $850 |
| 2 Bedroom | -$30 | $1,000 | $970 |
| 3 Bedroom | -$410 | $1,700 | $1,290 |
| 4 Bedroom | N/A | N/A | $1,630 |
Affordability — Gillette, WY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.3 |
| Median Home Price | $290,000 |
| Median Household Income | $77,200 |