menu
Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Rock Springs, 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 Q3 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2021 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Rock Springs, WY Housing Market Trends

With 23,021 people, 8,564 houses or apartments, and a median cost of homes of $297,001, Rock Springs real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Rock Springs, accounting for 63.45% of the city's housing units. Other types of housing that are prevalent in Rock Springs include mobile homes or trailers ( 11.78%), large apartment complexes or high rise apartments ( 11.03%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 7.05%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Rock Springs. Owner-occupied housing accounts for 71.96% of Rock Springs's homes, and 56.18% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Rock Springs 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 Rock Springs built between 2000 and later ( 26.42%). A lesser amount of the housing stock also hails from between 1940-1969 ( 15.47%). There's also some housing in Rock Springs built before 1939 ( 14.57%).

Vacant housing appears to be an issue in Rock Springs. Fully 19.87% of the housing stock is classified as vacant. Left unchecked, vacant Rock Springs homes and apartments can be a drag on the real estate market, holding Rock Springs 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.

Rock Springs Home Appreciation Rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in Rock Springs, where house values have increased just 33.76%, which is annualized rate of 2.95%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.

Over the last year, Rock Springs appreciation rates have trailed the rest of the nation. In the last twelve months, Rock Springs's appreciation rate has been -2.10%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Rock Springs were at 1.00%, which equates to an annual appreciation rate of 4.05%.

Notably, Rock Springs's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Wyoming, our data show that Rock Springs'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 Rock Springs differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Rock Springs - 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 Rock Springs real estate investment or home purchase decisions.

Average Home Values

Median Home Value

$297,001

Rock Springs, WY Home Prices
> $1,224,000
$918,001 - $1,224,000
$612,001 - $918,000
$490,001 - $612,000
$368,001 - $490,000
$245,001 - $368,000
$123,001 - $245,000
$61,001 - $123,000
$0 - $61,000
1.1%
1.1%
0.0%
0.0%
1.8%
1.8%
4.2%
4.2%
14.5%
14.5%
32.7%
32.7%
30.4%
30.4%
2.7%
2.7%
12.5%
12.5%
0% 100.0%
% of Homes
Low

for Wyoming

High

for nation

Number of Homes And Apartments:

8,564

Rock Springs Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,457 / per month

Homeownership Rate

Owners
Renters
Vacant
72.0%
72.0%
28.0%
28.0%
19.9%
19.9%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
26.4%
26.4%
43.5%
43.5%
15.5%
15.5%
14.6%
14.6%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
63.4%
63.4%
6.7%
6.7%
7.1%
7.1%
11.0%
11.0%
11.8%
11.8%
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%
8.6%
8.6%
25.8%
25.8%
41.2%
41.2%
15.0%
15.0%
8.7%
8.7%
0% 100.0%
% of Homes

Popular Communities Near Rock Springs, WY

Zip Codes in Rock Springs, WY