Douglas, WY

Population: 6,172
Average annual home appreciation rate: 12.83%
Total of homes for sale in this market:
Median home price: $183,753
Median Rent: $602 per room
Home price range: 43.56% of homes are between $99,001 – $198,000
Median sales price: NO DATA
Number of homes: 14
Median foreclosure sales price: NO DATA
Foreclosure discount: NO DATA
Most common home type: 58.08% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 8.96%
Number of renters: 34.76%
Number of owner occupied: 65.24%
Number people living below poverty level: 9.63%
Unemployment rate: 3.00%
Is this area perfect for real estate deals going on right now? With the history of positive appreciation in the Douglas area, a rental property (based on the much higher than average rental rates) could be a profitable investment for the savvy buy and hold investor.

Laramie, WY

Population: 31,767
Average annual home appreciation rate: 6.36%
Total of homes for sale in this market: 9
Median home price: $187,924
Median Rent: $685 per room
Home price range: 41.34% of homes are between $99,001 – $198,000
Median sales price: Still Computing Data
Number of homes: 26
Median foreclosure sales price: Still Computing Data
Foreclosure discount: Still Computing Data
Most common home type: 43.23% of homes are single family detached
Number of vacant homes: 12.62%
Number of renters: 51.32%
Number of owner occupied: 48.68%
Number people living below poverty level: 29.31%
Unemployment rate: 3.60%
Is this area perfect for real estate deals going on right now? There are some great things going on in the Laramie market that could be advantageous for the savvy investor. Even though Laramie is not the highest in appreciation in Wyoming, it’s doing very well overall in comparison to the US as a whole. For instance… 1. Higher renter vs. owner rate. 2. Lower overall home prices 3. Higher than average rental rates. 4. High rate of folks living below poverty level. (Leads to the fact that many of these people can’t afford homes of their own, they have to rent, which means they will need to live in rental properties available in the market.) 5. Multiple vacant (zombie) properties available on the market (great for cash deals with motivated sellers.) There could be some great opportunity in Laramie at this time. As a matter of fact, Laramie is trending up in home appreciation as we speak.

Cheyenne, WY

Population: 62,448
Average annual home appreciation rate: -2.92%
Total of homes for sale in this market: 118
Median home price: $184,693
Median Rent: $785 per room
Home price range: 54.14% of homes are between $105,001 – $211,000
Median sales price: NO DATA
Number of homes: 65
Median foreclosure sales price: NO DATA
Foreclosure discount: NO DATA
Most common home type: 61.86% of homes are single family detached
Number of vacant homes: 9.67%
Number of renters: 39.05%
Number of owner occupied: 60.95%
Number people living below poverty level: 12.19%
Unemployment rate: 4.40%
Is this area perfect for real estate deals going on right now? There are some great things going on in Cheyenne right now…but they are in a bit of a slump based on home appreciation… also, it’s important to state that many real estate investors make their money in a ‘down’ market if they understand what to do with their investment capital. With the overall prices of homes in Cheyenne, and the rental rates, there could be some great opportunities in Cheyenne.

Gillette, WY

Population: 29,816
Average annual home appreciation rate: 0.47%
Total of homes for sale in this market:
Median home price: $185,367
Median Rent: $825 per room
Home price range: 34.05% of homes are between $193,001 – $290,000
Median sales price:
Number of homes:
Median foreclosure sales price:
Foreclosure discount:
Most common home type: 48.00% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 10.05%
Number of renters: 31.42%
Number of owner occupied: 68.58%
Number people living below poverty level: 8.80%
Unemployment rate: 2.70%
Is this area perfect for real estate deals going on right now? When one looks at the success of real estate investors overall, you will find that many of them have found their success when investing in properties in areas such as Gillette when the economy is down, and then benefiting from the recovery when it begins to move up, and the appreciation rates climb with the economic bounce back.

Casper, WY

Population: 59,628
Average annual home appreciation rate: 11.03%
Total of homes for sale in this market: 448
Median home price: $205,431
Median Rent: $913 per room
Home price range: 52.24% of homes are between $115,001 – $229,000
Median sales price: NO DATA
Number of homes: 35
Median foreclosure sales price: NO DATA
Foreclosure discount: NO DATA
Most common home type: 72.37% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 8.79%
Number of renters: 34.03%
Number of owner occupied: 65.97%
Number people living below poverty level: 9.11%
Unemployment rate: 3.70%
Is this area perfect for real estate deals going on right now? Data shows, this makes Casper one of the highest appreciating communities in the nation for the latest quarter, and may signal the city’s near-future real estate investment strength. There could be some great opportunities for the savvy investor in Casper’s market.

Sheridan, WY

Population: 17,771
Average annual home appreciation rate: 3.57%
Total of homes for sale in this market:
Median home price: $185,175
Median Rent: $625 per room
Home price range: 40.06% of homes are between $97,001 – $193,000
Median sales price:
Number of homes:
Median foreclosure sales price:
Foreclosure discount:
Most common home type: 64.92% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 5.98%
Number of renters: 36.13%
Number of owner occupied: 63.87%
Number people living below poverty level: 12.38%
Unemployment rate: 4.40%
Is this area perfect for real estate deals going on right now? With the history of positive appreciation in the Sheridan area, a rental property (based on the much higher than average rental rates) could be a profitable investment for the savvy buy and hold investor.