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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.



Wright, 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 2024. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2023 (latest available). Updated annually.

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

Wright, WY Housing Market Trends

With 1,653 people, 593 houses or apartments, and a median cost of homes of $252,686, house prices in Wright are solidly below the national average.

Single-family detached homes are the single most common housing type in Wright, accounting for 48.19% of the town's housing units. Other types of housing that are prevalent in Wright include mobile homes or trailers ( 38.33%), large apartment complexes or high rise apartments ( 4.87%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 4.87%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Wright. Owner-occupied housing accounts for 83.98% of Wright's homes, and 72.66% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Wright 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 Wright built between 2000 and later ( 32.46%). A lesser amount of the housing stock also hails from between 1940-1969 ( 0.00%).

Vacant housing appears to be an issue in Wright. Fully 25.97% of the housing stock is classified as vacant. Left unchecked, vacant Wright homes and apartments can be a drag on the real estate market, holding Wright 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.

Wright Home Appreciation Rates

Some of the lowest real estate appreciation rates in America over the last ten years have been in Wright, where house values have increased just 53.20%, which is annualized rate of 4.36%. This rate is lower than the appreciation rate found in 90% of the cities and towns in America.

Over the last year, Wright appreciation rates have trailed the rest of the nation. In the last twelve months, Wright's appreciation rate has been 4.87%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Wright were at 2.26%, which equates to an annual appreciation rate of 9.33%.

Relative to Wyoming, our data show that Wright's latest annual appreciation rate is higher than 70% of the other cities and towns in Wyoming.

Average Home Values

Median Home Value

$252,686

Wright, WY Home Prices
> $1,107,000
$830,001 - $1,107,000
$553,001 - $830,000
$443,001 - $553,000
$332,001 - $443,000
$221,001 - $332,000
$111,001 - $221,000
$55,001 - $111,000
$0 - $55,000
0.0%
0.0%
0.0%
0.0%
5.6%
5.6%
9.4%
9.4%
2.3%
2.3%
52.2%
52.2%
5.9%
5.9%
3.8%
3.8%
20.8%
20.8%
0% 100.0%
% of Homes
Very Low

for Wyoming

Average

for nation

Number of Homes And Apartments:

593

Wright Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,339 / per month

Homeownership Rate

Owners
Renters
84.0%
84.0%
16.0%
16.0%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
26.0%
26.0%
74.0%
74.0%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
32.5%
32.5%
67.5%
67.5%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
48.2%
48.2%
0.0%
0.0%
4.9%
4.9%
4.9%
4.9%
38.3%
38.3%
3.7%
3.7%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.9%
1.9%
3.0%
3.0%
19.7%
19.7%
50.6%
50.6%
22.1%
22.1%
2.7%
2.7%
0% 100.0%
% of Homes

Popular Neighborhoods in Wright

Popular Communities Near Wright, WY

Zip Codes in Wright, WY