Laramie County, Wyoming Housing Market Prices
Laramie 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 25% above the Wyoming median More expensive than 77% of counties in Wyoming$328,512
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Median rent 17% above the Wyoming median Among the 3 most expensive counties in Wyoming$1,159
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Laramie County | Wyoming Avg | US Average |
|---|---|---|---|
| Median Home Price | $328,512 | $262,084 | $248,835 |
| Price Trend (Annual %) | 10.2% | 6.9% | 7.5% |
| Median Gross Rent | $1,159 | $991 | $1,407 |
| Rent Trend (Annual %) | 4.0% | 2.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Laramie County is about 25% higher than in Wyoming. Rent is about 17% higher 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 Laramie County, up about 10.2% and 4.0% a year respectively. Home prices are changing faster.
Median rent in Laramie County rose about 40.3% between 2015 and 2024, from $827 to $1,159. Over the same span, rent in Wyoming rose about 25.7%.
Affordability
On average, housing unit costs 4.1 yearly household incomes in Laramie County.
Buying the median-priced home in Laramie County costs roughly 23.6 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 Laramie County. The price-to-rent ratio in Wyoming is about 22.0.
| Metric | Laramie County | Wyoming Avg | US Average |
|---|---|---|---|
| Median Home Price | $328,512 | $262,084 | $248,835 |
| Median Household Income | $80,795 | $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 Laramie County rose about 102.0%, while median household income rose about 52.1% 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 | Laramie County | Wyoming Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 66.9% | 63.0% | 58.5% |
| Rental Rate | 27.9% | 24.8% | 31.2% |
| Vacancy Rate | 5.2% | 12.2% | 10.2% |
| Median Tenure (years) | 13.0 | 14.0 | 15.0 |
| Median Year Moved In | 2013 | 2012 | 2011 |
Laramie County has a homeownership rate of 66.9%, higher than the Wyoming average of 63.0%. Its housing vacancy rate is 5.2%, compared with 12.2% in Wyoming.
Housing Stock
| Metric | Laramie County | Wyoming Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.30 people | 2.34 people | 2.53 people |
| Median Structure Built Year | 1979 | 1980 | 1978 |
| Median Number of Rooms | 6.3 | 5.8 | 5.5 |
The typical housing unit in Laramie County was built around 1979. On average, 2.3 people live in a home with about 6.3 rooms, staying for about 13.0 years on average.
Laramie County, WY Housing Compared With Nearby Counties
How Laramie County, WY compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Laramie County, WY | 101,060 | $328,512 #3/3 | $1,159 #3/3 | 70.6% #2/3 |
| Weld County, CO | 350,361 | $413,521 | $1,539 | 76.0% |
| Larimer County, CO | 367,243 | $530,686 | $1,715 | 64.0% |
Frequently Asked Questions
Common questions about the housing market in Laramie County, Wyoming.
What is the median home price in Laramie County, Wyoming?
The median home price in Laramie County, Wyoming is $328,512, higher than the Wyoming average of $262,084.
What is the average home price in Laramie County, Wyoming?
The typical home price in Laramie County, Wyoming, reported as the median sale price, is $328,512. 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 Laramie County, Wyoming?
The median gross rent in Laramie County, Wyoming is $1,159 per month, higher than the Wyoming average of $991.
What was the median gross rent in Laramie County in 2020?
In 2020, the median gross rent in Laramie County, Wyoming was $933 per month.
What is the price-to-rent ratio in Laramie County, Wyoming?
The price-to-rent ratio in Laramie County, Wyoming is about 23.6, meaning it would take roughly 23.6 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 Laramie County.
Are home prices or rent rising faster in Laramie County, Wyoming?
Both home prices and rent are rising in Laramie County, up about 10.2% and 4.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Laramie County, Wyoming?
66.9% of households in Laramie County, Wyoming own their home, higher than the Wyoming average of 63.0%.
What is the vacancy rate in Laramie County, Wyoming?
The housing vacancy rate in Laramie County, Wyoming is 5.2%, lower than the Wyoming average of 12.2%.
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