Albany County, Wyoming Housing Market Prices
Albany County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 93% below the Wyoming median Among the top 3 cheapest counties in Wyoming$18,194
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Median rent 6% below the Wyoming median$931
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Albany County | Wyoming Avg | US Average |
|---|---|---|---|
| Median Home Price | $18,194 | $262,084 | $248,835 |
| Price Trend (Annual %) | -11.0% | 6.9% | 7.5% |
| Median Gross Rent | $931 | $991 | $1,407 |
| Rent Trend (Annual %) | 3.1% | 2.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Albany County is about 93% lower than in Wyoming. Rent is about 6% lower than the Wyoming average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Home prices and rent are moving in opposite directions in Albany County: home prices fell about 11.0% a year while rent rose about 3.1% a year. That is an unusual pattern worth watching.
Median rent in Albany County rose about 28.1% between 2015 and 2024, from $726 to $931. Over the same span, rent in Wyoming rose about 25.7%.
Affordability
On average, housing unit costs 0.3 yearly household incomes in Albany County.
Buying the median-priced home in Albany County costs roughly 1.6 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Albany County. The price-to-rent ratio in Wyoming is about 22.0.
| Metric | Albany County | Wyoming Avg | US Average |
|---|---|---|---|
| Median Home Price | $18,194 | $262,084 | $248,835 |
| Median Household Income | $61,953 | $76,390 | $80,455 |
| Price-to-Income Ratio | 0.3 | 3.4 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Albany County fell about 84.4%, while median household income rose about 44.2% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Albany County | Wyoming Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 45.3% | 63.0% | 58.5% |
| Rental Rate | 45.3% | 24.8% | 31.2% |
| Vacancy Rate | 9.4% | 12.2% | 10.2% |
| Median Tenure (years) | 10.0 | 14.0 | 15.0 |
| Median Year Moved In | 2016 | 2012 | 2011 |
Albany County has a homeownership rate of 45.3%, lower than the Wyoming average of 63.0%. Its housing vacancy rate is 9.4%, compared with 12.2% in Wyoming.
Housing Stock
| Metric | Albany County | Wyoming Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.08 people | 2.34 people | 2.53 people |
| Median Structure Built Year | 1976 | 1980 | 1978 |
| Median Number of Rooms | 5.3 | 5.8 | 5.5 |
The typical housing unit in Albany County was built around 1976. On average, 2.1 people live in a home with about 5.3 rooms, staying for about 10.0 years on average.
Albany County, WY Housing Compared With Nearby Counties
Albany County, WY is the 3rd largest of the 4 counties compared here, 38,249 residents against a local median of 101,060. Albany County, WY's median home price, at $18,194, runs 94% below the $328,512 typical of the counties around it.
Homeownership tells the same story from another angle: 50.0% against a local median of 70.6%, 29% below it. The one measure here that carries a verdict is homeownership, and at 29% below the local median it puts Albany County, WY at the weaker end of the local range. The counties themselves spread $278,267 on median home price, so Albany County, WY sits at one end of an already wide local range rather than apart from it. Albany County, WY has the 4th highest median home price of the 4 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Albany County, WY | 38,249 | $18,194 #4/4 | $931 #3/4 | 50.0% #4/4 |
| Larimer County, CO | 367,243 | $530,686 | $1,715 | 64.0% |
| Laramie County, WY | 101,060 | $328,512 | $1,159 | 70.6% |
| Carbon County, WY | 14,463 | $252,419 | $841 | 76.3% |
Frequently Asked Questions
Common questions about the housing market in Albany County, Wyoming.
What is the median home price in Albany County, Wyoming?
The median home price in Albany County, Wyoming is $18,194, lower than the Wyoming average of $262,084.
What is the average home price in Albany County, Wyoming?
The typical home price in Albany County, Wyoming, reported as the median sale price, is $18,194. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Albany County, Wyoming?
The median gross rent in Albany County, Wyoming is $931 per month, lower than the Wyoming average of $991.
What was the median gross rent in Albany County in 2020?
In 2020, the median gross rent in Albany County, Wyoming was $818 per month.
What is the price-to-rent ratio in Albany County, Wyoming?
The price-to-rent ratio in Albany County, Wyoming is about 1.6, meaning it would take roughly 1.6 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Albany County.
Are home prices or rent rising faster in Albany County, Wyoming?
Home prices and rent are moving in opposite directions in Albany County: home prices fell about 11.0% a year while rent rose about 3.1% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Albany County, Wyoming?
45.3% of households in Albany County, Wyoming own their home, lower than the Wyoming average of 63.0%.
What is the vacancy rate in Albany County, Wyoming?
The housing vacancy rate in Albany County, Wyoming is 9.4%, lower than the Wyoming average of 12.2%.
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