Casper appreciation rates and housing market information
Casper housing market information
With a population of 56,801, 22,794 total housing units (homes and apartments), and a median house value of $191,469, Casper real estate prices are well above average cost compared to national prices.
Single-family detached homes are the single most common housing type in Casper, accounting for 72.48% of the city's housing units. Other types of housing that are prevalent in Casper include large apartment complexes or high rise apartments (12.39%), duplexes, homes converted to apartments or other small apartment buildings (8.37%), and a few mobile homes or trailers (4.02%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Casper. Owner-occupied housing accounts for 67.49% of Casper's homes, and 56.29% have either three or four bedrooms, which is average sized relative to America.
There is a lot of housing in Casper built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Casper built between 1940-1969 (35.18%). A lesser amount of the housing stock also hails from before 1939 (11.78%). There's also some housing in Casper built between 2000 and later (11.35%).
Casper home appreciation rates
In the last 10 years, Casper has experienced some of the highest home appreciation rates of any community in the nation. Casper real estate appreciated 78.47% over the last ten years, which is an average annual home appreciation rate of 5.96%, putting Casper in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Casper definitely has a track record of being one of the best long term real estate investments in America through the last ten years.
Appreciation rates are so strong in Casper that despite a nationwide downturn in the housing market, Casper real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Casper appreciation rates continue to be some of the highest in America, at 8.07%, which is higher than appreciation rates in 84.71% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Casper. Casper appreciation rates in the latest quarter were at 2.94%, which equates to an annual appreciation rate of 12.28%.
Importantly, 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.
Relative to Wyoming, our data show that Casper's latest annual appreciation rate is higher than 80% of the other cities and towns in Wyoming.
One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Casper differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Casper - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 1990, to assist you in making the best Casper real estate investment or home purchase decisions.