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 Q1 2019. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2017 (latest available). Updated annually.

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

Casper Housing Market Information

With a population of 57,814, 24,178 total housing units (homes and apartments), and a median house value of $188,940, Casper real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Casper, accounting for 67.86% of the city's housing units. Other types of housing that are prevalent in Casper include large apartment complexes or high rise apartments ( 16.27%), duplexes, homes converted to apartments or other small apartment buildings ( 8.21%), and a few mobile homes or trailers ( 4.66%).

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 61.77% owning and 38.23% 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 ( 33.37%). A lesser amount of the housing stock also hails from between 2000 and later ( 17.10%). There's also some housing in Casper built before 1939 ( 11.41%).

Casper Home Appreciation Rates

Casper's appreciation rate notably has been below the national average for the last ten years. The average annual home appreciation rate in Casper during the period has been just 0.23%, which is lower than 70% of US communities.

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 -2.98%, 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 -3.65%, which equates to an annual appreciation rate of -13.83%.

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:
$188,940

Casper, WY HOME PRICES

Value Range
> $966,000 0.6
$724,001 - $966,000 0.2
$483,001 - $724,000 2.2
$386,001 - $483,000 3.9
$290,001 - $386,000 10.5
$193,001 - $290,000 30.7
$97,001 - $193,000 40.6
$48,001 - $97,000 4.1
$0 - $48,000 7.1

Low for WY
Average for Nation

Value Relative to Nation Value Relative to State
41.3547445255474 77.3584905660377

Number Of Homes And Apartments:
24,178

Casper Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WY*
Compared To
America*
Latest Quarter:
2018 Q4 - 2019 Q1
Last 12 Months:
2018 Q1 - 2019 Q1
Last 2 Years:
2017 Q1 - 2019 Q1
Last 5 Years:
2014 Q1 - 2019 Q1
Last 10 Years:
2009 Q1 - 2019 Q1
Since 2000:
2000 Q1 - 2019 Q1
94.52% 3.52%
4
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,012 / per month

Homeownership Rate

Homeownership
Owners 61.77
Renters 38.23
Vacant 7.85

Housing Market Details

 

Age of Homes

AGE OF Casper HOMES
2000 or Newer 17.1
1970 - 1999 38.1
1940 - 1969 33.4
1939 or Older 11.4

Types of Homes

TYPE OF Casper HOMES
Single-Family 67.9
Townhomes 2.9
Small Apt. Buildings 8.2
Apt. Complexes 16.3
Mobile Homes 4.7
Other 0.1

Home Size

SIZE OF Casper HOMES
No Bedroom 1.56
1 Bedroom 10.07
2 Bedrooms 26.15
3 Bedrooms 32.70
4 Bedrooms 21.26
5 or more bedrooms 8.26