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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 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

Casper, WY Housing Market Trends

With 58,656 people, 25,000 houses or apartments, and a median cost of homes of $286,944, Casper real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Casper, accounting for 70.05% of the city's housing units. Other types of housing that are prevalent in Casper include large apartment complexes or high rise apartments ( 17.00%), duplexes, homes converted to apartments or other small apartment buildings ( 5.17%), and a few mobile homes or trailers ( 4.33%).

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 67.26% of Casper's homes, and 53.85% 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 ( 31.25%). A lesser amount of the housing stock also hails from between 2000 and later ( 21.06%). There's also some housing in Casper built before 1939 ( 11.35%).

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 4.22%, which is lower than 80% of US communities.

Appreciation rates are so strong in Casper that despite a nationwide downturn in the housing market, Casper real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Casper appreciation rates continue to be some of the highest in America, at 6.75%, which is higher than appreciation rates in 74.50% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Casper. Casper appreciation rates in the latest quarter were at 4.79%, which equates to an annual appreciation rate of 20.57%.

Importantly, this makes Casper one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength.

Relative to Wyoming, our data show that Casper's latest annual appreciation rate is higher than 80% 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

$286,944

Casper, WY Home Prices
> $1,343,000
$1,007,001 - $1,343,000
$672,001 - $1,007,000
$537,001 - $672,000
$403,001 - $537,000
$268,001 - $403,000
$134,001 - $268,000
$67,001 - $134,000
$0 - $67,000
0.6%
0.6%
0.6%
0.6%
3.6%
3.6%
4.9%
4.9%
15.1%
15.1%
30.9%
30.9%
36.2%
36.2%
2.7%
2.7%
5.4%
5.4%
0% 100.0%
% of Homes
Low

for Wyoming

High

for nation

Number of Homes And Apartments:

25,000

Casper Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,260 / per month

Homeownership Rate

Owners
Renters
Vacant
67.3%
67.3%
32.7%
32.7%
9.7%
9.7%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
21.1%
21.1%
36.3%
36.3%
31.3%
31.3%
11.4%
11.4%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
70.1%
70.1%
3.4%
3.4%
5.2%
5.2%
17.0%
17.0%
4.3%
4.3%
0.1%
0.1%
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%
9.8%
9.8%
24.9%
24.9%
33.4%
33.4%
20.4%
20.4%
10.2%
10.2%
0% 100.0%
% of Homes

Popular Communities Near Casper, WY

Zip Codes in Casper, WY