Housing Market Overview
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Campbell County | Wyoming Avg | US Average |
|---|---|---|---|
| Median Home Price | $235,769 | $235,717 | $242,182 |
| Price Trend (Annual %) | 8.0% | 6.3% | 8.2% |
| Median Gross Rent | $951 | $967 | $1,342 |
| Rent Trend (Annual %) | 0.1% | 2.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Campbell County is about the same as in Wyoming. Rent is about 2% lower than the Wyoming average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are rising in Campbell County, up about 8.0% and 0.1% a year respectively. Home prices are changing faster.
Median rent in Campbell County rose about 1.7% between 2015 and 2023, from $935 to $951. Over the same span, rent in Wyoming rose about 22.7%.
Affordability
On average, housing unit costs 2.5 yearly household incomes in Campbell County.
Buying the median-priced home in Campbell County costs roughly 20.7 years of rent at the median monthly rate. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Campbell County. The price-to-rent ratio in Wyoming is about 20.3.
| Metric | Campbell County | Wyoming Avg | US Average |
|---|---|---|---|
| Median Home Price | $235,769 | $235,717 | $242,182 |
| Median Household Income | $95,275 | $74,833 | $78,145 |
| Price-to-Income Ratio | 2.5 | 3.1 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Campbell County rose about 84.3%, while median household income rose about 27.4% between 2009 and 2023 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Campbell County | Wyoming Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 70.3% | 62.3% | 58.2% |
| Rental Rate | 19.3% | 24.3% | 31.3% |
| Vacancy Rate | 10.4% | 13.4% | 10.6% |
| Median Tenure (years) | 15.0 | 14.0 | 15.0 |
| Median Year Moved In | 2011 | 2012 | 2011 |
Campbell County has a homeownership rate of 70.3%, higher than the Wyoming average of 62.3%. Its housing vacancy rate is 10.4%, compared with 13.4% in Wyoming.
Housing Stock
| Metric | Campbell County | Wyoming Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.60 people | 2.38 people | 2.54 people |
| Median Structure Built Year | 1990 | 1979 | 1978 |
| Median Number of Rooms | 6.1 | 5.8 | 5.5 |
The typical housing unit in Campbell County was built around 1990. On average, 2.6 people live in a home with about 6.1 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Campbell County, Wyoming.
What is the median home price in Campbell County, Wyoming?
The median home price in Campbell County, Wyoming is $235,769, about the same as the Wyoming average.
What is the average home price in Campbell County, Wyoming?
The typical home price in %s, reported as the median sale price, is %s. 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 Campbell County, Wyoming?
The median gross rent in Campbell County, Wyoming is $951 per month, lower than the Wyoming average of $967.
What was the median gross rent in Campbell County in 2020?
In 2020, the median gross rent in Campbell County, Wyoming was $883 per month.
What is the price-to-rent ratio in Campbell County, Wyoming?
The price-to-rent ratio in Campbell County, Wyoming is about 20.7, meaning it would take roughly 20.7 years of rent payments at the median rent to equal the median home price. That is a relatively high price-to-rent ratio, which tends to favor renting over buying in Campbell County.
Are home prices or rent rising faster in Campbell County, Wyoming?
Both home prices and rent are rising in Campbell County, up about 8.0% and 0.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Campbell County, Wyoming?
70.3% of households in Campbell County, Wyoming own their home, higher than the Wyoming average of 62.3%.
What is the vacancy rate in Campbell County, Wyoming?
The housing vacancy rate in Campbell County, Wyoming is 10.4%, lower than the Wyoming average of 13.4%.