Casper, WY
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




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Casper, WY Real Estate Data


Casper Housing Market Information

With a population of 60,285, 23,814 total housing units (homes and apartments), and a median house value of $200,339, 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 68.63% of the city's housing units. Other types of housing that are prevalent in Casper include large apartment complexes or high rise apartments ( 16.36%), duplexes, homes converted to apartments or other small apartment buildings ( 8.30%), and a few mobile homes or trailers ( 4.28%).

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 62.35% owning and 37.65% 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 ( 32.65%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.51%). There's also some housing in Casper built before 1939 ( 12.95%).

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 12.10%, which ranks in the top 30% nationwide. This equates to an annual average Casper house appreciation rate of 1.15%.

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 -3.68%, 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 -3.04%, which equates to an annual appreciation rate of -11.61%.

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 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:
$200,339

Casper, WY HOME PRICES

Value Range
> $1,040,000 0.3
$780,001 - $1,040,000 0.3
$520,001 - $780,000 1.8
$416,001 - $520,000 2.6
$312,001 - $416,000 8.5
$208,001 - $312,000 25.4
$104,001 - $208,000 47.7
$52,001 - $104,000 5.1
$0 - $52,000 8.0

Average for WY
High for Nation

Value Relative to Nation Value Relative to State
31.8410875424821 58.4905660377358

Number Of Homes And Apartments:
23,814

Rent & Ownership

 

Average Market Rent:
$1,070 / per month

Homeownership Rate

Homeownership
Owners 62.35
Renters 37.65
Vacant 8.24

Housing Market Details

 

Age of Homes

AGE OF Casper HOMES
2000 or Newer 13.5
1970 - 1999 40.9
1940 - 1969 32.7
1939 or Older 13.0

Types of Homes

TYPE OF Casper HOMES
Single-Family 68.6
Townhomes 2.4
Small Apt. Buildings 8.3
Apt. Complexes 16.4
Mobile Homes 4.3
Other 0.0

Home Size

SIZE OF Casper HOMES
No Bedroom 1.43
1 Bedroom 10.40
2 Bedrooms 27.10
3 Bedrooms 34.06
4 Bedrooms 19.11
5 or more bedrooms 7.90

Casper Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WY*
Compared To
America*
Latest Quarter:
2016 Q3 - 2016 Q4
Last 12 Months:
2015 Q4 - 2016 Q4
Last 2 Years:
2014 Q4 - 2016 Q4
Last 5 Years:
2011 Q4 - 2016 Q4
Last 10 Years:
2006 Q4 - 2016 Q4
Since 2000:
2000 Q1 - 2016 Q4
101.24% 4.14% 8 10
* 10 is highest