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Home Values Heating Up in Wyoming

Doug Whiteman
Home Values Heating Up in Wyoming

Thanks to low mortgage rates, it's an excellent time to buy or sell a home across the U.S. But what about in Wyoming?

Is the state's housing market too pricey for buyers? Not-so-great if you've got a home you want to sell? Or just right — for everybody?

Home values provide some answers. They indicate that the market in Wyoming is heating up, according to Zillow, though you might find vast differences from one city or one corner of the state to the next.

Current home values in Wyoming

Home values have been rising throughout Wyoming and are up 5.02% from a year ago.

Statewide, the median value for a single-family home — meaning half are worth more, half are worth less — is currently $232,000 , Zillow says.

Could you afford that? Let's say you want to buy that mid-priced home using a 30-year fixed-rate mortgage at this week's average interest rate, which is a low 3.69%, says mortgage company Freddie Mac.

With the 30-year mortgage rate at 3.69% and the median home price for Wyoming at $232,000 , a representative monthly mortgage payment would be $1,066.54.

How the Wyoming housing market stacks up

Chase Dekker / Shutterstock
The sun sets behind the Teton Range and Snake River in Grand Teton National Park, Wyoming.

Property values in Wyoming are high by historical standards and are higher than what the typical house is worth nationwide.

The median home value throughout the U.S. is $229,600, which is up 4.88% from a year ago.

Zillow predicts U.S. home values will rise 2.2% over the next year, while in Wyoming, they're expected to fall 0.00%.

Homes are going on the market in Wyoming at a median price of $177 per square foot, versus $155 per square foot nationwide.

Are you looking to buy? Take a look at today's best mortgage rates where you live.

Wyoming home prices over the last 10 years

Year Avg. Price
2019* $228,338
2018 $220,433
2017 $210,917
2016 $208,333
2015 $201,408
2014 $192,783
2013 $189,108
2012 $184,275
2011 $181,950
2010 $182,592
2009 $182,583

*2019 price average through August 2019.

How much for an average-sized home?

Here's what a 2,500-square-foot home in Wyoming is worth now, and how that's changed over the last decade, based on the Zillow Home Value Index.

Year Avg. Price
2019* $442,500
2018 $425,000
2017 $405,000
2016 $400,000
2015 $390,000
2014 $372,500
2013 $360,000
2012 $352,500
2011 $347,500
2010 $350,000
2009 $350,000

*2019 price average through August 2019.