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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.



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 Q4 2023. 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

Evanston, WY Housing Market Trends

With a population of 11,845, 4,628 total housing units (homes and apartments), and a median house value of $340,647, 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 56.42% of the city's housing units. Other types of housing that are prevalent in Evanston include large apartment complexes or high rise apartments ( 14.90%), mobile homes or trailers ( 11.86%), and a few row houses and other attached homes ( 10.73%).

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 71.14% of Evanston's homes, and 55.83% 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 ( 13.47%). A lesser amount of the housing stock also hails from before 1939 ( 13.10%). There's also some housing in Evanston built between 2000 and later ( 8.69%).

Vacant housing appears to be an issue in Evanston. Fully 13.17% 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 5.69% during the period.

Over the last year, Evanston appreciation rates have trailed the rest of the nation. In the last twelve months, Evanston's appreciation rate has been 2.76%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Evanston were at 2.01%, which equates to an annual appreciation rate of 8.28%.

Relative to Wyoming, our data show that Evanston's latest annual appreciation rate is higher than 60% of the other cities and towns in Wyoming.

Average Home Values

Median Home Value

$340,647

Evanston, WY Home Prices
> $1,345,000
$1,009,001 - $1,345,000
$673,001 - $1,009,000
$538,001 - $673,000
$404,001 - $538,000
$269,001 - $404,000
$135,001 - $269,000
$67,001 - $135,000
$0 - $67,000
1.1%
1.1%
0.3%
0.3%
2.5%
2.5%
8.2%
8.2%
17.6%
17.6%
24.2%
24.2%
31.4%
31.4%
6.3%
6.3%
8.5%
8.5%
0% 100.0%
% of Homes
Average

for Wyoming

High

for nation

Number of Homes And Apartments:

4,628

Evanston Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,206 / per month

Homeownership Rate

Owners
Renters
71.1%
71.1%
28.9%
28.9%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
13.2%
13.2%
86.8%
86.8%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
8.7%
8.7%
64.7%
64.7%
13.5%
13.5%
13.1%
13.1%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
56.4%
56.4%
10.7%
10.7%
5.4%
5.4%
14.9%
14.9%
11.9%
11.9%
0.7%
0.7%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
0.7%
0.7%
7.7%
7.7%
29.3%
29.3%
39.5%
39.5%
16.4%
16.4%
6.4%
6.4%
0% 100.0%
% of Homes

Popular Neighborhoods in Evanston

Popular Communities Near Evanston, WY

Zip Codes in Evanston, WY