Hot Springs County, Wyoming Housing Market Prices
Hot Springs 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.
-
Median home price 98% below the Wyoming median Cheapest county in Wyoming$5,000
-
Median rent 11% below the Wyoming median$886
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Hot Springs County | Wyoming Avg | US Average |
|---|---|---|---|
| Median Home Price | $5,000 | $262,084 | $248,835 |
| Price Trend (Annual %) | 15.8% | 6.9% | 7.5% |
| Median Gross Rent | $886 | $991 | $1,407 |
| Rent Trend (Annual %) | 3.5% | 2.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Hot Springs County is about 98% lower than in Wyoming. Rent is about 11% 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 Hot Springs County, up about 15.8% and 3.5% a year respectively. Home prices are changing faster.
Median rent in Hot Springs County rose about 32.6% between 2015 and 2024, from $668 to $886. Over the same span, rent in Wyoming rose about 25.7%.
Affordability
On average, housing unit costs 0.1 yearly household incomes in Hot Springs County.
Buying the median-priced home in Hot Springs County costs roughly 0.5 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Hot Springs County. The price-to-rent ratio in Wyoming is about 22.0.
| Metric | Hot Springs County | Wyoming Avg | US Average |
|---|---|---|---|
| Median Home Price | $5,000 | $262,084 | $248,835 |
| Median Household Income | $60,848 | $76,390 | $80,455 |
| Price-to-Income Ratio | 0.1 | 3.4 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Hot Springs County fell about 79.7%, while median household income rose about 32.2% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Hot Springs County | Wyoming Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 63.2% | 63.0% | 58.5% |
| Rental Rate | 23.8% | 24.8% | 31.2% |
| Vacancy Rate | 13.0% | 12.2% | 10.2% |
| Median Tenure (years) | 13.0 | 14.0 | 15.0 |
| Median Year Moved In | 2013 | 2012 | 2011 |
Hot Springs County has a homeownership rate of 63.2%, about the same as the Wyoming average of 63.0%. Its housing vacancy rate is 13.0%, compared with 12.2% in Wyoming.
Housing Stock
| Metric | Hot Springs County | Wyoming Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.12 people | 2.34 people | 2.53 people |
| Median Structure Built Year | 1972 | 1980 | 1978 |
| Median Number of Rooms | 5.6 | 5.8 | 5.5 |
The typical housing unit in Hot Springs County was built around 1972. On average, 2.1 people live in a home with about 5.6 rooms, staying for about 13.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Hot Springs County, Wyoming.
What is the median home price in Hot Springs County, Wyoming?
The median home price in Hot Springs County, Wyoming is $5,000, lower than the Wyoming average of $262,084.
What is the average home price in Hot Springs County, Wyoming?
The typical home price in Hot Springs County, Wyoming, reported as the median sale price, is $5,000. 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 Hot Springs County, Wyoming?
The median gross rent in Hot Springs County, Wyoming is $886 per month, lower than the Wyoming average of $991.
What was the median gross rent in Hot Springs County in 2020?
In 2020, the median gross rent in Hot Springs County, Wyoming was $739 per month.
What is the price-to-rent ratio in Hot Springs County, Wyoming?
The price-to-rent ratio in Hot Springs County, Wyoming is about 0.5, meaning it would take roughly 0.5 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Hot Springs County.
Are home prices or rent rising faster in Hot Springs County, Wyoming?
Both home prices and rent are rising in Hot Springs County, up about 15.8% and 3.5% a year respectively. Home prices are changing faster.
What is the homeownership rate in Hot Springs County, Wyoming?
63.2% of households in Hot Springs County, Wyoming own their home, about the same as the Wyoming average.
What is the vacancy rate in Hot Springs County, Wyoming?
The housing vacancy rate in Hot Springs County, Wyoming is 13.0%, higher than the Wyoming average of 12.2%.
Analyze any area in the US
Get local demographics for any address, aggregated by drive time or radius, on the interactive map.
Explore the map →