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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.



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 Q2 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (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 a population of 10,224, 4,503 total housing units (homes and apartments), and a median house value of $491,713, 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 68.31% of the city's housing units. Other types of housing that are prevalent in Cody include duplexes, homes converted to apartments or other small apartment buildings ( 9.92%), row houses and other attached homes ( 8.35%), and a few mobile homes or trailers ( 8.14%).

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 68.71% of Cody's homes, and 57.51% 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 ( 26.78%). A lesser amount of the housing stock also hails from between 2000 and later ( 23.58%). There's also some housing in Cody built before 1939 ( 9.41%).

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 98.73%, which ranks in the top 40% nationwide. This equates to an annual average Cody house appreciation rate of 7.11%.

NeighborhoodScout's data show that during the latest twelve months, Cody's appreciation rate, at 5.88%, has been at or slightly above the national average. In the latest quarter, Cody's appreciation rate has been 4.60%, which annualizes to a rate of 19.69%.

Importantly, this makes Cody 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 Cody's latest annual appreciation rate is higher than 80% of the other cities and towns in Wyoming.

Average Home Values

Median Home Value

$491,713

Cody, WY Home Prices
> $1,435,000
$1,076,001 - $1,435,000
$718,001 - $1,076,000
$574,001 - $718,000
$430,001 - $574,000
$287,001 - $430,000
$144,001 - $287,000
$72,001 - $144,000
$0 - $72,000
0.5%
0.5%
5.0%
5.0%
13.3%
13.3%
15.3%
15.3%
20.3%
20.3%
31.9%
31.9%
8.7%
8.7%
2.0%
2.0%
3.0%
3.0%
0% 100.0%
% of Homes
High

for Wyoming

Very High

for nation

Number of Homes And Apartments:

4,503

Cody Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,394 / per month

Homeownership Rate

Owners
Renters
68.7%
68.7%
31.3%
31.3%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
5.8%
5.8%
94.2%
94.2%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
23.6%
23.6%
40.2%
40.2%
26.8%
26.8%
9.4%
9.4%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
68.3%
68.3%
8.3%
8.3%
9.9%
9.9%
5.3%
5.3%
8.1%
8.1%
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
1.3%
1.3%
5.2%
5.2%
26.9%
26.9%
38.7%
38.7%
18.8%
18.8%
9.1%
9.1%
0% 100.0%
% of Homes

Popular Communities Near Cody, WY

Zip Codes in Cody, WY