Casper, WY Real Estate Market

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q2 2021. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2019 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Casper, WY Housing Market Trends

With 57,931 people, 24,219 houses or apartments, and a median cost of homes of $227,910, 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 67.25% of the city's housing units. Other types of housing that are prevalent in Casper include large apartment complexes or high rise apartments ( 16.94%), duplexes, homes converted to apartments or other small apartment buildings ( 8.23%), and a few mobile homes or trailers ( 3.80%).

The most prevalent building size and type in Casper are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 63.05% owning and 36.95% renting.

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 ( 32.28%). A lesser amount of the housing stock also hails from between 2000 and later ( 20.03%). There's also some housing in Casper built before 1939 ( 10.85%).

Casper Home Appreciation Rates

Real estate appreciation rates in Casper's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 2.95% during the period.

Over the last year, Casper appreciation rates have trailed the rest of the nation. In the last twelve months, Casper's appreciation rate has been 7.48%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Casper were at 1.11%, which equates to an annual appreciation rate of 4.53%.

Notably, Casper's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Wyoming, our data show that Casper's latest annual appreciation rate is lower than 50% 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 2000, to assist you in making the best Casper real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$227,910

Casper, WY HOME PRICES

> $1,157,000
1.0%
1.0%
$868,001 - $1,157,000
0.3%
0.3%
$579,001 - $868,000
2.4%
2.4%
$463,001 - $579,000
4.0%
4.0%
$347,001 - $463,000
9.4%
9.4%
$232,001 - $347,000
31.2%
31.2%
$116,001 - $232,000
40.0%
40.0%
$58,001 - $116,000
4.9%
4.9%
$0 - $58,000
6.9%
6.9%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Average for WY

Value Relative To Nation

Number Of Homes And Apartments:
24,219

Casper Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WY*
Compared To
America*
Latest Quarter:
2021 Q1 - 2021 Q2
Last 12 Months:
2020 Q2 - 2021 Q2
Last 2 Years:
2019 Q2 - 2021 Q2
Last 5 Years:
2016 Q2 - 2021 Q2
Last 10 Years:
2011 Q2 - 2021 Q2
Since 2000:
2000 Q1 - 2021 Q2
136.06% 4.08%
7
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,096 / per month

Homeownership Rate

Owners
63.0%
63.0%
Renters
37.0%
37.0%
Vacant
9.9%
9.9%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
20.0%
20.0%
1970 - 1999
36.8%
36.8%
1940 - 1969
32.3%
32.3%
1939 or Older
10.9%
10.9%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
67.3%
67.3%
Townhomes
3.7%
3.7%
Small Apt. Buildings
8.2%
8.2%
Apt. Complexes
16.9%
16.9%
Mobile Homes
3.8%
3.8%
Other
0.1%
0.1%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1.2%
1.2%
1 Bedroom
8.9%
8.9%
2 Bedrooms
26.6%
26.6%
3 Bedrooms
33.1%
33.1%
4 Bedrooms
21.3%
21.3%
5 or more bedrooms
8.9%
8.9%
0.0% 100.0%
% OF HOMES