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 | Crook County | Wyoming Avg | US Average |
|---|---|---|---|
| Median Home Price | $325,000 | $235,717 | $242,182 |
| Price Trend (Annual %) | 26.6% | 6.3% | 8.2% |
| Median Gross Rent | $880 | $967 | $1,342 |
| Rent Trend (Annual %) | 2.9% | 2.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Crook County is about 38% higher than in Wyoming. Rent is about 9% 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 Crook County, up about 26.6% and 2.9% a year respectively. Home prices are changing faster.
Median rent in Crook County rose about 18.6% between 2015 and 2023, from $742 to $880. Over the same span, rent in Wyoming rose about 22.7%.
Affordability
On average, housing unit costs 4.6 yearly household incomes in Crook County.
Buying the median-priced home in Crook County costs roughly 30.8 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 Crook County. The price-to-rent ratio in Wyoming is about 20.3.
| Metric | Crook County | Wyoming Avg | US Average |
|---|---|---|---|
| Median Home Price | $325,000 | $235,717 | $242,182 |
| Median Household Income | $70,264 | $74,833 | $78,145 |
| Price-to-Income Ratio | 4.6 | 3.1 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Crook County rose about 167.0%, while median household income rose about 45.3% 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 | Crook County | Wyoming Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 59.8% | 62.3% | 58.2% |
| Rental Rate | 18.9% | 24.3% | 31.3% |
| Vacancy Rate | 21.3% | 13.4% | 10.6% |
| Median Tenure (years) | 16.0 | 14.0 | 15.0 |
| Median Year Moved In | 2010 | 2012 | 2011 |
Crook County has a homeownership rate of 59.8%, lower than the Wyoming average of 62.3%. Its housing vacancy rate is 21.3%, compared with 13.4% in Wyoming.
Housing Stock
| Metric | Crook County | Wyoming Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.52 people | 2.38 people | 2.54 people |
| Median Structure Built Year | 1987 | 1979 | 1978 |
| Median Number of Rooms | 5.4 | 5.8 | 5.5 |
The typical housing unit in Crook County was built around 1987. On average, 2.5 people live in a home with about 5.4 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Crook County, Wyoming.
What is the median home price in Crook County, Wyoming?
The median home price in Crook County, Wyoming is $325,000, higher than the Wyoming average of $235,717.
What is the average home price in Crook 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 Crook County, Wyoming?
The median gross rent in Crook County, Wyoming is $880 per month, lower than the Wyoming average of $967.
What was the median gross rent in Crook County in 2020?
In 2020, the median gross rent in Crook County, Wyoming was $688 per month.
What is the price-to-rent ratio in Crook County, Wyoming?
The price-to-rent ratio in Crook County, Wyoming is about 30.8, meaning it would take roughly 30.8 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 Crook County.
Are home prices or rent rising faster in Crook County, Wyoming?
Both home prices and rent are rising in Crook County, up about 26.6% and 2.9% a year respectively. Home prices are changing faster.
What is the homeownership rate in Crook County, Wyoming?
59.8% of households in Crook County, Wyoming own their home, lower than the Wyoming average of 62.3%.
What is the vacancy rate in Crook County, Wyoming?
The housing vacancy rate in Crook County, Wyoming is 21.3%, higher than the Wyoming average of 13.4%.