Carbon County, Wyoming Housing Market Prices
Carbon 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 4% below the Wyoming median$252,419
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Median rent 15% below the Wyoming median Cheaper than 73% of counties in Wyoming$841
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Carbon County | Wyoming Avg | US Average |
|---|---|---|---|
| Median Home Price | $252,419 | $262,084 | $248,835 |
| Price Trend (Annual %) | 10.6% | 6.9% | 7.5% |
| Median Gross Rent | $841 | $991 | $1,407 |
| Rent Trend (Annual %) | 0.4% | 2.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Carbon County is about 4% lower than in Wyoming. Rent is about 15% lower than the Wyoming average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Carbon County, up about 10.6% and 0.4% a year respectively. Home prices are changing faster.
Median rent in Carbon County rose about 6.1% between 2015 and 2024, from $793 to $841. Over the same span, rent in Wyoming rose about 25.7%.
Affordability
On average, housing unit costs 3.6 yearly household incomes in Carbon County.
Buying the median-priced home in Carbon County costs roughly 25.0 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 Carbon County. The price-to-rent ratio in Wyoming is about 22.0.
| Metric | Carbon County | Wyoming Avg | US Average |
|---|---|---|---|
| Median Home Price | $252,419 | $262,084 | $248,835 |
| Median Household Income | $70,555 | $76,390 | $80,455 |
| Price-to-Income Ratio | 3.6 | 3.4 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Carbon County rose about 135.8%, while median household income rose about 28.6% between 2009 and 2025 — 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 | Carbon County | Wyoming Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 56.6% | 63.0% | 58.5% |
| Rental Rate | 17.6% | 24.8% | 31.2% |
| Vacancy Rate | 25.7% | 12.2% | 10.2% |
| Median Tenure (years) | 16.0 | 14.0 | 15.0 |
| Median Year Moved In | 2010 | 2012 | 2011 |
Carbon County has a homeownership rate of 56.6%, lower than the Wyoming average of 63.0%. Its housing vacancy rate is 25.7%, compared with 12.2% in Wyoming.
Housing Stock
| Metric | Carbon County | Wyoming Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.27 people | 2.34 people | 2.53 people |
| Median Structure Built Year | 1969 | 1980 | 1978 |
| Median Number of Rooms | 5.7 | 5.8 | 5.5 |
The typical housing unit in Carbon County was built around 1969. On average, 2.3 people live in a home with about 5.7 rooms, staying for about 16.0 years on average.
Carbon County, WY Housing Compared With Nearby Counties
How Carbon County, WY compares with the 1 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Carbon County, WY | 14,463 | $252,419 #2/2 | $841 #2/2 | 76.3% #1/2 |
| Natrona County, WY | 79,975 | $271,456 | $1,016 | 73.7% |
Frequently Asked Questions
Common questions about the housing market in Carbon County, Wyoming.
What is the median home price in Carbon County, Wyoming?
The median home price in Carbon County, Wyoming is $252,419, lower than the Wyoming average of $262,084.
What is the average home price in Carbon County, Wyoming?
The typical home price in Carbon County, Wyoming, reported as the median sale price, is $252,419. 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 Carbon County, Wyoming?
The median gross rent in Carbon County, Wyoming is $841 per month, lower than the Wyoming average of $991.
What was the median gross rent in Carbon County in 2020?
In 2020, the median gross rent in Carbon County, Wyoming was $767 per month.
What is the price-to-rent ratio in Carbon County, Wyoming?
The price-to-rent ratio in Carbon County, Wyoming is about 25.0, meaning it would take roughly 25.0 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 Carbon County.
Are home prices or rent rising faster in Carbon County, Wyoming?
Both home prices and rent are rising in Carbon County, up about 10.6% and 0.4% a year respectively. Home prices are changing faster.
What is the homeownership rate in Carbon County, Wyoming?
56.6% of households in Carbon County, Wyoming own their home, lower than the Wyoming average of 63.0%.
What is the vacancy rate in Carbon County, Wyoming?
The housing vacancy rate in Carbon County, Wyoming is 25.7%, higher than the Wyoming average of 12.2%.
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