State rental market analysis · WY
Wyoming rental markets
5 tracked cities over 20,000 population, 5 ranked and summarized by their median Overall. Every number traces to Census, Zillow and BLS. All states ranked →
Browse every Wyoming ZIP Code area → · the full server-rendered index for this state.
Part of the Mountain Census division (West region).
The honest read
Wyoming ranks #46 of 51 states for rental investing, with a median Overall of 35.7/100 across its ranked cities, below the national median. 5 ranked cities roll up into this grade.
A state grade is the median of its ranked cities, a screen for where to look, not underwriting. Open any city below for its full shown-math breakdown, or run a specific deal through the cap rate and cash-flow calculators.
Where it ranks, factor by factor
Every value is the median across the 5 ranked cities in this state. The national rank compares all 51 states on that one factor; the engine already flips inverted factors (affordability, low unemployment) so a better rank always means a better market. Each factor sits in one of the model’s three categories (Cash Flow, Growth, or Stability); this is a representative summary, and the full thirteen-factor breakdown is on each city’s page. Full methodology.
| Factor | Category | State value | National rank |
|---|---|---|---|
| Gross rent yield | Cash Flow | 4.7% | not measured |
| Rent growth | Growth | 3.5% | not measured |
| Home value growth | Growth | 3.4% | not measured |
| Population growth | Growth | 0.2% | not measured |
| Job growth | Growth | 0.0% | not measured |
| Price-to-income | Cash Flow | 4.9× | not measured |
| Unemployment | Stability | 2.9% | not measured |
| Rental demand | Stability | 34% renters · 822.3% vacancy | not measured |
| Income growth | Growth | 3.0% | not measured |
Every city in Wyoming, ranked
Led by Cheyenne at 50/100. Click any column to re-sort; every city links to its full shown-math breakdown.
| WY rank | City | Grade | Cash Flow | Growth | Stability | Typical home value | Gross yield | National rank |
|---|---|---|---|---|---|---|---|---|
| 1 | Cheyenne | 50 | C | D | A | $392,827 | 4.7% | #768 |
| 2 | Laramie | 40 | F | C | B | $383,404 | 3.6% | #1286 |
| 3 | Casper | 36 | C | F | C | $313,759 | 5.4% | #1472 |
| 4 | Gillette | 35 | C | D | C | $339,551 | 4.7% | #1490 |
| 5 | Rock Springs | 21 | C | F | C | $292,813 | 4.7% | #1795 |
Data as of: Zillow ZHVI/ZORI through the latest monthly release · Census ACS 5-yr 2019–2023 · Census PEP July 2024 · BLS LAUS county 2023 annual. Generated 2026-09-01. Methodology & limitations · underwrite any specific deal with the free calculators.
ZIP markets in Wyoming
176 Census ZIP Codes (ZCTAs) in Wyoming · 54 data-eligible for subscores. These are sub-city government areas ranked separately from the Wyoming city table. The overall Rental Investor ZIP Score leaderboard leads; the two component subscores (affordability, rental-market context) follow as independent percentiles. ZIP ranks are shown within the ZIP universe only, never mixed with, and not directly comparable to, city ranks. Vintage: the Key metric column is Census ACS 2020–2024 (5-year), a newer release than the ACS 2019–2023 figures the city table above uses; the same measure can legitimately disagree between the two.
Best overall ZIP Codes in Wyoming
Ranked by the overall Rental Investor ZIP Score. The # is each ZIP Code's canonical WY state rank; the smaller figure is its national rank. Separate from the Wyoming city table and not directly comparable to it.
| WY rank | ZIP Code | Overallgrade · national | Key metric |
|---|---|---|---|
| #1 | 82070Laramie | A 65#1,595 nat | 3.3%Survey yield |
| #2 | 82072Laramie | A 64#1,934 nat | 3.4%Survey yield |
| #3 | 82801Sheridan | B 63#2,231 nat | 2.9%Survey yield |
| #4 | 82007Cheyenne | B 60#3,661 nat | 6.3%Survey yield |
| #5 | 82001Cheyenne | B 59#3,908 nat | 4.3%Survey yield |
| #6 | 82009Ranchettes | B 57#4,891 nat | 3.1%Survey yield |
| #7 | 82721Pine Haven | B 57#5,107 nat | 4.1%Survey yield |
| #8 | 82414Cody | B 56#5,373 nat | 2.8%Survey yield |
| #9 | 82501Arapahoe | B 55#5,747 nat | 4.7%Survey yield |
| #10 | 83128Alpine Northeast | C 55#6,072 nat | 1.9%Survey yield |
| #11 | 83110Afton | C 54#6,232 nat | 2.5%Survey yield |
| #12 | 83101Kemmerer | C 54#6,654 nat | 5.2%Survey yield |
Top affordability ZIP Codes in Wyoming
State-scoped leaders on the affordability subscore only (national rank shown is within that subscore’s data-eligible universe). Substantially an inverse housing-cost signal: a component of the overall score, not a predicted return.
| # | ZIP Code | Affordability | Key metric |
|---|---|---|---|
| 1 | 82334Sinclair | 88#512 nat | 7.8%Survey yield |
| 2 | 82212Fort Laramie | 82#1,013 nat | 6.9%Survey yield |
| 3 | 82644Mills | 79#1,457 nat | 7.0%Survey yield |
| 4 | 82649Shoshoni | 78#1,628 nat | 6.2%Survey yield |
| 5 | 82007Cheyenne | 73#2,430 nat | 6.3%Survey yield |
| 6 | 82937Urie | 73#2,444 nat | 5.7%Survey yield |
| 7 | 82325Encampment | 70#2,919 nat | 5.6%Survey yield |
| 8 | 82639Kaycee | 70#2,960 nat | 6.8%Survey yield |
| 9 | 82523Pavillion | 68#3,548 nat | 5.4%Survey yield |
| 10 | 83101Kemmerer | 67#3,706 nat | 5.2%Survey yield |
| 11 | 82941Pinedale | 65#4,118 nat | 4.7%Survey yield |
| 12 | 82716Gillette | 62#4,875 nat | 4.9%Survey yield |
Deepest rental-market ZIP Codes in Wyoming
State-scoped leaders on the rental-market-context subscore only (national rank shown is within that subscore’s data-eligible universe). Rental depth/tightness: a separate component, never combined here with affordability.
| # | ZIP Code | Rental market | Key metric |
|---|---|---|---|
| 1 | 82433Meeteetse | 75#916 nat | 4.1%Survey yield |
| 2 | 83001Hoback | 74#1,100 nat | 1.5%Survey yield |
| 3 | 82070Laramie | 74#1,143 nat | 3.3%Survey yield |
| 4 | 82001Cheyenne | 71#1,738 nat | 4.3%Survey yield |
| 5 | 82442Ten Sleep | 69#2,178 nat | 2.5%Survey yield |
| 6 | 82609Casper | 67#2,946 nat | 4.6%Survey yield |
| 7 | 82072Laramie | 66#3,209 nat | 3.4%Survey yield |
| 8 | 82801Sheridan | 65#3,565 nat | 2.9%Survey yield |
| 9 | 82007Cheyenne | 65#3,665 nat | 6.3%Survey yield |
| 10 | 82501Arapahoe | 64#3,772 nat | 4.7%Survey yield |
| 11 | 82225Lance Creek | 63#4,098 nat | 3.1%Survey yield |
| 12 | 82644Mills | 63#4,168 nat | 7.0%Survey yield |