Gillette, WY—82718
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 $364,000, with a year-over-year change of 4.7%. This indicates that home prices in Gillette, WY are increasing. According to Zillow, the 1-year price projection is -1.8%, suggesting a decrease housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $364,000 | 4.7% |
| Single Family | $367,000 | 2.2% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $265,000 | 5.6% |
3 Bed | $329,000 | 3.1% |
4 Bed | $400,000 | 2.0% |
| 5 Bed | $499,000 | 1.8% |
% of Housing Stock
Rental Trends — Gillette, WY
As of July '25, Rentcast reports the average rent in Gillette, WY is $1,530, with a year-over-year rent change of 35.4%. Per bedroom, the median rent as of July '25 in Gillette, WY is 1-bedrooms: $1,070, 2-bedrooms: $1,270, 3-bedrooms: $1,990, 4-bedrooms: $2,050. The most common rental property sizes in Gillette, WY are 2-bedroom and 3-bedroom, accounting for 50.8% and 33.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,300 | $1,530 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,070 | $1,070 |
| 2 Bed Rent | $1,180 | $1,270 |
| 3 Bed Rent | $1,850 | $1,990 |
| 4 Bed Rent | $1,600 | $2,050 |
% 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 69. This is a increase of 64.0% 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 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $400,000 | 4.0% |
Listing Count | 113 | 8.0% |
| Listings as % of Homes | 0.6% | 8.0% |
Days on Market | 69 | 64.0% |
Demographics — Gillette, WY
As of the latest ACS Survey released in 2023, Gillette, WY has a population of 26,200, which has remained stable by -0.5% over the past 5 years. Gillette, WY is a popular place for families, as children make up 29.3% of the population. The area has a moderately educated workforce, with 26.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 26,200 | -0.5% |
% Under 18 | 29.3% | -2.7% |
% Seniors | 9.0% | 52.5% |
% WFH | 5.1% | -29.2% |
% w/ College Degree | 26.9% | 10.2% |
As of the latest ACS Survey released in 2023, Gillette, WY is a predominantly white area, with 84.6% of the population identifying as white. The white population has shrunk by 1.9% in the last 5 years. The second most common race or ethnicity in Gillette, WY is hispanic, making up 9.7% of the population. Foreign-born residents account for 3.0% of the population in Gillette, WY, and this percentage has increased by 3.4% 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 | 84.6% | -1.9% |
% Black | 0.5% | 150.0% |
% Hispanic | 9.7% | 9.0% |
% Asian | 0.0% | -100.0% |
% Foreign Born | 3.0% | 3.4% |
Mortgage and Risk — Gillette, WY
According to HUD data as of 2023, there were 348 mortgage originations in Gillette, WY, of which 52.0% of loans were conventional mortgages. The average loan-to-value was 74.0%, with 42.0% above 90% LTV (very high). This implies large mortgage risk in Gillette, WY. Investor activity is low, as 4.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 348 |
% Conventional Loans | 52.0% |
% Government Loans | 48.0% |
% Investor Loans | 4.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 16.0% |
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 | 229 |
Total Units Section 8 | 229 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 96.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$150 | $1,070 | $920 |
| 2 Bedroom | -$150 | $1,180 | $1,030 |
| 3 Bedroom | -$500 | $1,850 | $1,350 |
| 4 Bedroom | $130 | $1,600 | $1,730 |
Affordability — Gillette, WY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.1 |
| Median Home Price | $364,000 |
| Median Household Income | $104,000 |