Converse County, Wyoming Housing Market Prices
Converse 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 28% above the Wyoming median Among the 5 most expensive counties in Wyoming$335,897
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Median rent 13% below the Wyoming median$865
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Converse County | Wyoming Avg | US Average |
|---|---|---|---|
| Median Home Price | $335,897 | $262,084 | $248,835 |
| Price Trend (Annual %) | 14.7% | 6.9% | 7.5% |
| Median Gross Rent | $865 | $991 | $1,407 |
| Rent Trend (Annual %) | 3.2% | 2.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Converse County is about 28% higher than in Wyoming. Rent is about 13% 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 Converse County, up about 14.7% and 3.2% a year respectively. Home prices are changing faster.
Median rent in Converse County rose about 33.9% between 2015 and 2024, from $646 to $865. Over the same span, rent in Wyoming rose about 25.7%.
Affordability
On average, housing unit costs 4.1 yearly household incomes in Converse County.
Buying the median-priced home in Converse County costs roughly 32.3 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 Converse County. The price-to-rent ratio in Wyoming is about 22.0.
| Metric | Converse County | Wyoming Avg | US Average |
|---|---|---|---|
| Median Home Price | $335,897 | $262,084 | $248,835 |
| Median Household Income | $81,198 | $76,390 | $80,455 |
| Price-to-Income Ratio | 4.1 | 3.4 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Converse County rose about 130.3%, while median household income rose about 43.0% 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 | Converse County | Wyoming Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 67.1% | 63.0% | 58.5% |
| Rental Rate | 19.7% | 24.8% | 31.2% |
| Vacancy Rate | 13.2% | 12.2% | 10.2% |
| Median Tenure (years) | 15.0 | 14.0 | 15.0 |
| Median Year Moved In | 2011 | 2012 | 2011 |
Converse County has a homeownership rate of 67.1%, higher than the Wyoming average of 63.0%. Its housing vacancy rate is 13.2%, compared with 12.2% in Wyoming.
Housing Stock
| Metric | Converse County | Wyoming Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.37 people | 2.34 people | 2.53 people |
| Median Structure Built Year | 1980 | 1980 | 1978 |
| Median Number of Rooms | 6.1 | 5.8 | 5.5 |
The typical housing unit in Converse County was built around 1980. On average, 2.4 people live in a home with about 6.1 rooms, staying for about 15.0 years on average.
Converse County, WY Housing Compared With Nearby Counties
How Converse County, WY compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Converse County, WY | 13,762 | $335,897 #1/3 | $865 #3/3 | 77.3% #2/3 |
| Campbell County, WY | 47,252 | $226,546 | $1,009 | 77.7% |
| Natrona County, WY | 79,975 | $271,456 | $1,016 | 73.7% |
Frequently Asked Questions
Common questions about the housing market in Converse County, Wyoming.
What is the median home price in Converse County, Wyoming?
The median home price in Converse County, Wyoming is $335,897, higher than the Wyoming average of $262,084.
What is the average home price in Converse County, Wyoming?
The typical home price in Converse County, Wyoming, reported as the median sale price, is $335,897. 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 Converse County, Wyoming?
The median gross rent in Converse County, Wyoming is $865 per month, lower than the Wyoming average of $991.
What was the median gross rent in Converse County in 2020?
In 2020, the median gross rent in Converse County, Wyoming was $737 per month.
What is the price-to-rent ratio in Converse County, Wyoming?
The price-to-rent ratio in Converse County, Wyoming is about 32.3, meaning it would take roughly 32.3 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 Converse County.
Are home prices or rent rising faster in Converse County, Wyoming?
Both home prices and rent are rising in Converse County, up about 14.7% and 3.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Converse County, Wyoming?
67.1% of households in Converse County, Wyoming own their home, higher than the Wyoming average of 63.0%.
What is the vacancy rate in Converse County, Wyoming?
The housing vacancy rate in Converse County, Wyoming is 13.2%, higher than the Wyoming average of 12.2%.
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