Casper, WY—82601
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 $281,000, with a year-over-year change of 5.1%. 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 | $281,000 | 5.1% |
| Single Family | $284,000 | 4.4% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $159,000 | 6.7% |
2 Bed | $220,000 | 5.8% |
3 Bed | $299,000 | 3.8% |
4 Bed | $340,000 | 4.0% |
| 5 Bed | $446,000 | 3.5% |
% of Housing Stock
Rental Trends — Casper, WY
As of July '25, Rentcast reports the average rent in Casper, WY is $1,120, with a year-over-year rent change of 10.9%. Per bedroom, the median rent as of July '25 in Casper, WY is studios: $748, 1-bedrooms: $797, 2-bedrooms: $1,050, 3-bedrooms: $1,860. The most common rental property sizes in Casper, WY are 1-bedroom and 2-bedroom, accounting for 39.0% and 31.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $875 | $1,120 |
| Studio Rent | $698 | $748 |
| 1 Bed Rent | $750 | $797 |
| 2 Bed Rent | $950 | $1,050 |
| 3 Bed Rent | $1,500 | $1,860 |
| 4 Bed Rent | N/A | N/A |
% 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 43. This is a decrease of -8.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 23.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $327,000 | -7.0% |
Listing Count | 77 | 9.0% |
| Listings as % of Homes | 0.4% | 9.0% |
Days on Market | 43 | -8.0% |
Demographics — Casper, WY
As of the latest ACS Survey released in 2023, Casper, WY has a population of 26,900, which has decreased by -6.5% over the past 5 years. Casper, WY is a moderately popular place for families, as children make up 22.2% 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 8.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 26,900 | -6.5% |
% Under 18 | 22.2% | 0.0% |
% Seniors | 15.7% | 27.6% |
% WFH | 8.9% | 178.1% |
% w/ College Degree | 27.0% | 28.0% |
As of the latest ACS Survey released in 2023, Casper, WY is a predominantly white area, with 83.7% of the population identifying as white. The white population has shrunk by 0.9% in the last 5 years. The second most common race or ethnicity in Casper, WY is hispanic, making up 11.5% of the population. Foreign-born residents account for 2.5% of the population in Casper, WY, and this percentage has decreased by 13.8% 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 | 83.7% | -0.9% |
% Black | 0.1% | -95.7% |
% Hispanic | 11.5% | 32.2% |
% Asian | 0.6% | -14.3% |
% Foreign Born | 2.5% | -13.8% |
Mortgage and Risk — Casper, WY
According to HUD data as of 2023, there were 583 mortgage originations in Casper, WY, of which 61.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 36.0% above 90% LTV (very high). This implies large mortgage risk in Casper, WY. Investor activity is low, as 2.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 583 |
% Conventional Loans | 61.0% |
% Government Loans | 39.0% |
% Investor Loans | 2.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Casper, WY
Casper, WY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 665 |
Total Units Section 8 | 648 |
% Rentals under Section 8 | 20.7% |
% Occupied Section 8 | 91.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $60 | $750 | $810 |
| 2 Bedroom | $20 | $950 | $970 |
| 3 Bedroom | -$140 | $1,500 | $1,360 |
| 4 Bedroom | N/A | N/A | $1,620 |
Affordability — Casper, WY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.6 |
| Median Home Price | $281,000 |
| Median Household Income | $68,500 |