Cody, 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 Q1 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

Cody, WY Housing Market Trends

With 10,028 people, 4,337 houses or apartments, and a median cost of homes of $400,606, Cody real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Cody, accounting for 70.07% of the city's housing units. Other types of housing that are prevalent in Cody include row houses and other attached homes ( 11.00%), mobile homes or trailers ( 7.08%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 6.72%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Cody. Owner-occupied housing accounts for 66.81% of Cody's homes, and 60.70% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Cody 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 Cody built between 1940-1969 ( 29.59%). A lesser amount of the housing stock also hails from between 2000 and later ( 23.95%). There's also some housing in Cody built before 1939 ( 7.96%).

Cody Home Appreciation Rates

Appreciation rates for homes in Cody have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 69.06%, which ranks in the top 40% nationwide. This equates to an annual average Cody house appreciation rate of 5.39%.

Appreciation rates are so strong in Cody that despite a nationwide downturn in the housing market, Cody real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Cody appreciation rates continue to be some of the highest in America, at 20.40%, which is higher than appreciation rates in 80.65% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Cody. Cody appreciation rates in the latest quarter were at 2.83%, which equates to an annual appreciation rate of 11.79%.

Relative to Wyoming, our data show that Cody's latest annual appreciation rate is higher than 90% of the other cities and towns in Wyoming.

Average Home Values

 

Median Home Value:
$400,606

Cody, WY HOME PRICES

> $1,396,000
$1,047,001 - $1,396,000
$698,001 - $1,047,000
$559,001 - $698,000
$418,001 - $559,000
$279,001 - $418,000
$140,001 - $279,000
$70,001 - $140,000
$0 - $70,000
0.3%
0.3%
1.5%
1.5%
5.7%
5.7%
11.4%
11.4%
18.7%
18.7%
27.6%
27.6%
28.0%
28.0%
1.4%
1.4%
5.4%
5.4%
0.0% 100.0%
% OF HOMES
Value Relative To State

Very High for Nation

High for WY

Value Relative To Nation

Number Of Homes And Apartments:
4,337

Cody Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
WY*
Compared To
America*
Latest Quarter:
2021 Q4 - 2022 Q1
Last 12 Months:
2021 Q1 - 2022 Q1
Last 2 Years:
2020 Q1 - 2022 Q1
Last 5 Years:
2017 Q1 - 2022 Q1
Last 10 Years:
2012 Q1 - 2022 Q1
Since 2000:
2000 Q1 - 2022 Q1
178.33% 4.71%
7
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$1,396 / per month

Homeownership Rate

Owners
Renters
Vacant
66.8%
66.8%
33.2%
33.2%
8.4%
8.4%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
23.9%
23.9%
38.5%
38.5%
29.6%
29.6%
8.0%
8.0%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
70.1%
70.1%
11.0%
11.0%
6.7%
6.7%
5.1%
5.1%
7.1%
7.1%
0.0%
0.0%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.8%
0.8%
7.9%
7.9%
22.7%
22.7%
41.2%
41.2%
19.5%
19.5%
8.0%
8.0%
0.0% 100.0%
% OF HOMES

Popular Communities Near Cody, WY

Zip Codes in Cody, WY