According to the Wyoming MLS, the average price of homes sold in Wyoming in 2023 was $295,318.

According to the Wyoming MLS, as of April 2024, the average listing price of active properties in Wyoming was $456,564.

Certain areas in Wyoming, like Jackson, are popular with both in-state and out-of-state buyers. With demand high and inventory low, housing prices in these areas outpace the prices in other parts of the state. Other cities in close proximity to national parks, like Cody, tend to be more expensive, too.

Jackson, Wyoming, has the highest real estate prices. According to Realtor.com, the median list price for homes in Jackson in February 2024 was $2.4 million.

Casper, Wyoming is one of the least expensive major cities to live in Wyoming. According to SoFi, home prices in Casper are 10 percent lower than the U.S. average.

The rental market is tight in most Wyoming communities. Demand is higher than available units, which has caused a rental shortage in some towns. According to Zillow, the median monthly rent price in Wyoming is $1,049.

Yes. Wyoming has no income tax and low property taxes relative to other states. Demand for rental units is currently high, so purchasing units to rent could be a wise investment. Inventory of homes for sale is low, but if you can find a home to buy and flip, you could stand to make a good profit as move-in-ready properties tend to sell more quickly and for a higher price.

According to SoFi, the average cost of living in Wyoming in 2023 was $47,832. This is the lowest cost of living in the Rocky Mountain region.