Home prices across Wyoming have continued to climb, fueled by limited housing inventory and sustained demand, according to a recent analysis by Stacker based on Zillow data. Wyoming News Now reports.
This review ranks 50 Wyoming cities by their year-over-year increases in the Zillow Home Values Index (ZHVI), reflecting a changing real estate landscape. As the national housing market begins to cool due to higher mortgage rates, some Wyoming locales are still seeing marked price gains, particularly in high-demand areas around Jackson and Casper.
While the typical US home value stood at $360,999 in September—up 2.4% from the previous year—Wyoming’s housing market has its own unique variations. For example, Wilson and Alta in Teton County, both close to Jackson, experienced some of the highest increases. Here, price increases surpassed $87,000, with Wilson’s typical home value reaching over $3.2 million. In the Jackson metro area, home price growth in towns like Wilson (+4.3%) and Jackson (+2.3%) reflects the enduring appeal of these communities despite broader national cooling trends.
Cities such as Rock Springs, Moorcroft, and Clearmont also saw significant increases in home values. For instance, Rock Springs, with a typical home value of $278,310, experienced a 3.9% increase over the past year. Nearby communities in the Casper and Gillette metro areas, like Evansville and Sleepy Hollow, saw similar trends, with increases of 5% and 4.6% respectively, underscoring growing demand in Wyoming’s larger towns.
Some smaller towns are experiencing a surge in value over the longer term. Places like Dubois and Lovell, both outside major metro areas, saw five-year home value increases of over 60%, revealing a trend of growth in both urban and rural locations. These rising prices align with a broader national pattern where affordable housing options are highly sought after.
