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 | Goshen County | Wyoming Avg | US Average |
|---|---|---|---|
| Median Home Price | $172,618 | $235,717 | $242,182 |
| Price Trend (Annual %) | 19.7% | 6.3% | 8.2% |
| Median Gross Rent | $759 | $967 | $1,342 |
| Rent Trend (Annual %) | 2.1% | 2.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Goshen County is about 27% lower than in Wyoming. Rent is about 22% 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 Goshen County, up about 19.7% and 2.1% a year respectively. Home prices are changing faster.
Median rent in Goshen County rose about 13.4% between 2015 and 2023, from $669 to $759. Over the same span, rent in Wyoming rose about 22.7%.
Affordability
On average, housing unit costs 2.7 yearly household incomes in Goshen County.
Buying the median-priced home in Goshen County costs roughly 19.0 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Goshen County. The price-to-rent ratio in Wyoming is about 20.3.
| Metric | Goshen County | Wyoming Avg | US Average |
|---|---|---|---|
| Median Home Price | $172,618 | $235,717 | $242,182 |
| Median Household Income | $63,275 | $74,833 | $78,145 |
| Price-to-Income Ratio | 2.7 | 3.1 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Goshen County rose about 158.5%, while median household income rose about 59.9% 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 | Goshen County | Wyoming Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 63.9% | 62.3% | 58.2% |
| Rental Rate | 22.4% | 24.3% | 31.3% |
| Vacancy Rate | 13.8% | 13.4% | 10.6% |
| Median Tenure (years) | 15.0 | 14.0 | 15.0 |
| Median Year Moved In | 2011 | 2012 | 2011 |
Goshen County has a homeownership rate of 63.9%, higher than the Wyoming average of 62.3%. Its housing vacancy rate is 13.8%, compared with 13.4% in Wyoming.
Housing Stock
| Metric | Goshen County | Wyoming Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.30 people | 2.38 people | 2.54 people |
| Median Structure Built Year | 1967 | 1979 | 1978 |
| Median Number of Rooms | 6.5 | 5.8 | 5.5 |
The typical housing unit in Goshen County was built around 1967. On average, 2.3 people live in a home with about 6.5 rooms, staying for about 15.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Goshen County, Wyoming.
What is the median home price in Goshen County, Wyoming?
The median home price in Goshen County, Wyoming is $172,618, lower than the Wyoming average of $235,717.
What is the average home price in Goshen 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 Goshen County, Wyoming?
The median gross rent in Goshen County, Wyoming is $759 per month, lower than the Wyoming average of $967.
What was the median gross rent in Goshen County in 2020?
In 2020, the median gross rent in Goshen County, Wyoming was $661 per month.
What is the price-to-rent ratio in Goshen County, Wyoming?
The price-to-rent ratio in Goshen County, Wyoming is about 19.0, meaning it would take roughly 19.0 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Goshen County.
Are home prices or rent rising faster in Goshen County, Wyoming?
Both home prices and rent are rising in Goshen County, up about 19.7% and 2.1% a year respectively. Home prices are changing faster.
What is the homeownership rate in Goshen County, Wyoming?
63.9% of households in Goshen County, Wyoming own their home, higher than the Wyoming average of 62.3%.
What is the vacancy rate in Goshen County, Wyoming?
The housing vacancy rate in Goshen County, Wyoming is 13.8%, higher than the Wyoming average of 13.4%.