Evanston, 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

Evanston, WY Housing Market Trends

With 11,747 people, 4,627 houses or apartments, and a median cost of homes of $251,166, Evanston real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Evanston, accounting for 54.29% of the city's housing units. Other types of housing that are prevalent in Evanston include large apartment complexes or high rise apartments ( 17.16%), mobile homes or trailers ( 14.88%), and a few row houses and other attached homes ( 8.18%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Evanston. Owner-occupied housing accounts for 68.76% of Evanston's homes, and 54.04% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Evanston 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 Evanston built between 1940-1969 ( 10.88%). A lesser amount of the housing stock also hails from before 1939 ( 10.81%). There's also some housing in Evanston built between 2000 and later ( 9.64%).

Vacant housing appears to be an issue in Evanston. Fully 14.35% of the housing stock is classified as vacant. Left unchecked, vacant Evanston homes and apartments can be a drag on the real estate market, holding Evanston real estate prices below levels they could achieve if vacant housing was absorbed into the market and became occupied. Housing vacancy rates are a useful measure to consider, along with other things, if you are a home buyer or a real estate investor.

Evanston Home Appreciation Rates

Real estate appreciation rates in Evanston's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 4.38% during the period.

Appreciation rates are so strong in Evanston that despite a nationwide downturn in the housing market, Evanston real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Evanston appreciation rates continue to be some of the highest in America, at 19.70%, which is higher than appreciation rates in 77.38% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Evanston. Evanston appreciation rates in the latest quarter were at 2.75%, which equates to an annual appreciation rate of 11.46%.

Relative to Wyoming, our data show that Evanston's latest annual appreciation rate is higher than 80% of the other cities and towns in Wyoming.

Average Home Values

 

Median Home Value:
$251,166

Evanston, WY HOME PRICES

> $1,401,000
$1,051,001 - $1,401,000
$701,001 - $1,051,000
$560,001 - $701,000
$420,001 - $560,000
$281,001 - $420,000
$140,001 - $281,000
$70,001 - $140,000
$0 - $70,000
1.4%
1.4%
0.3%
0.3%
1.2%
1.2%
4.1%
4.1%
8.2%
8.2%
24.7%
24.7%
37.0%
37.0%
12.6%
12.6%
10.5%
10.5%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

Low for WY

Value Relative To Nation

Number Of Homes And Apartments:
4,627

Evanston 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
163.50% 4.45%
6
9
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$989 / per month

Homeownership Rate

Owners
Renters
Vacant
68.8%
68.8%
31.2%
31.2%
14.3%
14.3%
0.0% 100.0%
% OF HOMES

Housing Market Details

 

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
9.6%
9.6%
68.7%
68.7%
10.9%
10.9%
10.8%
10.8%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
54.3%
54.3%
8.2%
8.2%
4.9%
4.9%
17.2%
17.2%
14.9%
14.9%
0.6%
0.6%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.3%
0.3%
8.8%
8.8%
30.0%
30.0%
36.6%
36.6%
17.5%
17.5%
6.9%
6.9%
0.0% 100.0%
% OF HOMES

Popular Neighborhoods in Evanston

Popular Communities Near Evanston, WY

Zip Codes in Evanston, WY