Casper, WY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA



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Casper, WY Real Estate Data

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 Q3 2018. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2016 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

Casper Housing Market Information

With 57,814 people, 23,780 houses or apartments, and a median cost of homes of $193,466, 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 67.51% of the city's housing units. Other types of housing that are prevalent in Casper include large apartment complexes or high rise apartments ( 16.28%), duplexes, homes converted to apartments or other small apartment buildings ( 8.62%), and a few mobile homes or trailers ( 4.68%).

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 61.44% owning and 38.56% 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 ( 33.50%). A lesser amount of the housing stock also hails from between 2000 and later ( 15.56%). There's also some housing in Casper built before 1939 ( 11.68%).

Casper Home Appreciation Rates

Appreciation rates for homes in Casper have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 13.11%, which ranks in the top 50% nationwide. This equates to an annual average Casper house appreciation rate of 1.24%.

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 9.05%, which is higher than appreciation rates in 88.73% 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 3.08%, which equates to an annual appreciation rate of 12.91%.

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 90% 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:
$193,466

Casper, WY HOME PRICES

Value Range
> $1,092,000 0.9
$819,001 - $1,092,000 0.2
$546,001 - $819,000 2.2
$437,001 - $546,000 2.7
$328,001 - $437,000 9.1
$218,001 - $328,000 26.8
$109,001 - $218,000 45.6
$55,001 - $109,000 4.2
$0 - $55,000 8.3

Low for WY
High for Nation

Value Relative to Nation Value Relative to State
39.170802919708 71.6981132075472

Number Of Homes And Apartments:
23,780

Casper Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WY*
Compared To
America*
Latest Quarter:
2018 Q2 - 2018 Q3
Last 12 Months:
2017 Q3 - 2018 Q3
Last 2 Years:
2016 Q3 - 2018 Q3
Last 5 Years:
2013 Q3 - 2018 Q3
Last 10 Years:
2008 Q3 - 2018 Q3
Since 2000:
2000 Q1 - 2018 Q3
116.28% 4.20%
8
10
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,086 / per month

Homeownership Rate

Homeownership
Owners 61.44
Renters 38.56
Vacant 7.85

Housing Market Details

 

Age of Homes

AGE OF Casper HOMES
2000 or Newer 15.6
1970 - 1999 39.3
1940 - 1969 33.5
1939 or Older 11.7

Types of Homes

TYPE OF Casper HOMES
Single-Family 67.5
Townhomes 2.9
Small Apt. Buildings 8.6
Apt. Complexes 16.3
Mobile Homes 4.7
Other 0.0

Home Size

SIZE OF Casper HOMES
No Bedroom 1.71
1 Bedroom 9.84
2 Bedrooms 26.21
3 Bedrooms 34.42
4 Bedrooms 20.12
5 or more bedrooms 7.70