Rock Springs, WY—82901
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Rock Springs, WY
As of Oct '25, the median home price in Rock Springs, WY is $291,000, with a year-over-year change of 6.0%. This indicates that home prices in Rock Springs, WY are increasing. According to Zillow, the 1-year price projection is -0.7%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $291,000 | 6.0% |
| Single Family | $292,000 | 5.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $143,000 | 2.1% |
2 Bed | $206,000 | 4.6% |
3 Bed | $309,000 | 5.1% |
4 Bed | $352,000 | 4.5% |
| 5 Bed | $470,000 | 2.6% |
% of Housing Stock
Rental Trends — Rock Springs, WY
As of July '25, Rentcast reports the average rent in Rock Springs, WY is $1,170, with a year-over-year rent change of 15.8%. Per bedroom, the median rent as of July '25 in Rock Springs, WY is 1-bedrooms: $944, 2-bedrooms: $862, 3-bedrooms: $1,490, 4-bedrooms: $1,640. The most common rental property sizes in Rock Springs, WY are 2-bedroom and 3-bedroom, accounting for 40.3% and 28.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,050 | $1,170 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $859 | $944 |
| 2 Bed Rent | $775 | $862 |
| 3 Bed Rent | $1,500 | $1,490 |
| 4 Bed Rent | $1,650 | $1,640 |
% of Rental Stock
Property Listings — Rock Springs, WY
As of Oct '25, Realtor.com reports that the median days on market for a home in Rock Springs, WY is 63. This is a increase of 7.0% 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 30.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $324,000 | 11.0% |
Listing Count | 94 | 88.0% |
| Listings as % of Homes | 0.3% | 88.0% |
Days on Market | 63 | 7.0% |
Demographics — Rock Springs, WY
As of the latest ACS Survey released in 2023, Rock Springs, WY has a population of 27,500, which has decreased by -6.3% over the past 5 years. Rock Springs, WY is a moderately popular place for families, as children make up 24.7% of the population. The area has a poorly educated workforce, with 20.3% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 2.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 27,500 | -6.3% |
% Under 18 | 24.7% | -11.2% |
% Seniors | 13.1% | 42.4% |
% WFH | 2.1% | -30.0% |
% w/ College Degree | 20.3% | -10.6% |
As of the latest ACS Survey released in 2023, Rock Springs, WY is a predominantly white area, with 73.6% of the population identifying as white. The white population has shrunk by 8.1% in the last 5 years. The second most common race or ethnicity in Rock Springs, WY is hispanic, making up 19.0% of the population. Foreign-born residents account for 6.9% of the population in Rock Springs, WY, and this percentage has increased by 21.1% 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 | 73.6% | -8.1% |
% Black | 1.8% | 50.0% |
% Hispanic | 19.0% | 23.4% |
% Asian | 0.8% | 100.0% |
% Foreign Born | 6.9% | 21.1% |
Mortgage and Risk — Rock Springs, WY
According to HUD data as of 2023, there were 312 mortgage originations in Rock Springs, WY, of which 52.0% of loans were conventional mortgages. The average loan-to-value was 75.0%, with 52.0% above 90% LTV (very high). This implies large mortgage risk in Rock Springs, WY. Investor activity is low, as 3.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 312 |
% Conventional Loans | 52.0% |
% Government Loans | 48.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Rock Springs, WY
Rock Springs, WY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 291 |
Total Units Section 8 | 193 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 90.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$39 | $859 | $820 |
| 2 Bedroom | $225 | $775 | $1,000 |
| 3 Bedroom | -$260 | $1,500 | $1,240 |
| 4 Bedroom | -$20 | $1,650 | $1,630 |
Affordability — Rock Springs, WY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $291,000 |
| Median Household Income | $74,100 |