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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 2022. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2020 (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 59,038 people, 24,850 houses or apartments, and a median cost of homes of $258,533, 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 69.66% of the city's housing units. Other types of housing that are prevalent in Casper include large apartment complexes or high rise apartments ( 16.40%), duplexes, homes converted to apartments or other small apartment buildings ( 6.46%), and a few mobile homes or trailers ( 4.05%).

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 65.90% of Casper's homes, and 55.24% 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 ( 32.15%). A lesser amount of the housing stock also hails from between 2000 and later ( 20.51%). There's also some housing in Casper built before 1939 ( 10.89%).

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 3.61%, which is lower than 80% 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 11.43%, 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 3.82%, which equates to an annual appreciation rate of 16.19%.

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:
$258,533

Casper, WY HOME PRICES

> $1,252,000
$939,001 - $1,252,000
$626,001 - $939,000
$501,001 - $626,000
$376,001 - $501,000
$250,001 - $376,000
$125,001 - $250,000
$63,001 - $125,000
$0 - $63,000
1.0%
1.0%
0.5%
0.5%
3.5%
3.5%
4.8%
4.8%
13.0%
13.0%
32.1%
32.1%
36.6%
36.6%
3.0%
3.0%
5.5%
5.5%
0.0% 100.0%
% OF HOMES
Value Relative To State

Average for Nation

Low for WY

Value Relative To Nation

Number Of Homes And Apartments:
24,850

Casper Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WY*
Compared To
America*
Latest Quarter:
2022 Q1 - 2022 Q2
Last 12 Months:
2021 Q2 - 2022 Q2
Last 2 Years:
2020 Q2 - 2022 Q2
Last 5 Years:
2017 Q2 - 2022 Q2
Last 10 Years:
2012 Q2 - 2022 Q2
Since 2000:
2000 Q1 - 2022 Q2
161.88% 4.37%
4
8
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,299 / per month

Homeownership Rate

Owners
Renters
Vacant
65.9%
65.9%
34.1%
34.1%
9.4%
9.4%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
20.5%
20.5%
36.5%
36.5%
32.1%
32.1%
10.9%
10.9%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
69.7%
69.7%
3.4%
3.4%
6.5%
6.5%
16.4%
16.4%
4.1%
4.1%
0.1%
0.1%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.3%
1.3%
8.9%
8.9%
25.0%
25.0%
35.0%
35.0%
20.2%
20.2%
9.5%
9.5%
0.0% 100.0%
% OF HOMES

Popular Communities Near Casper, WY

Zip Codes in Casper, WY