Natrona County, Wyoming Housing Market Prices
Natrona 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 4% above the Wyoming median$271,456
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Median rent 3% above the Wyoming median Among the 5 most expensive counties in Wyoming$1,016
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Natrona County | Wyoming Avg | US Average |
|---|---|---|---|
| Median Home Price | $271,456 | $262,084 | $248,835 |
| Price Trend (Annual %) | 5.7% | 6.9% | 7.5% |
| Median Gross Rent | $1,016 | $991 | $1,407 |
| Rent Trend (Annual %) | 2.6% | 2.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Natrona County is about 4% higher than in Wyoming. Rent is about 3% 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 Natrona County, up about 5.7% and 2.6% a year respectively. Home prices are changing faster.
Median rent in Natrona County rose about 23.0% between 2015 and 2024, from $826 to $1,016. Over the same span, rent in Wyoming rose about 25.7%.
Affordability
On average, housing unit costs 3.8 yearly household incomes in Natrona County.
Buying the median-priced home in Natrona County costs roughly 22.3 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 Natrona County. The price-to-rent ratio in Wyoming is about 22.0.
| Metric | Natrona County | Wyoming Avg | US Average |
|---|---|---|---|
| Median Home Price | $271,456 | $262,084 | $248,835 |
| Median Household Income | $72,073 | $76,390 | $80,455 |
| Price-to-Income Ratio | 3.8 | 3.4 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Natrona County rose about 90.0%, while median household income rose about 40.3% 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 | Natrona County | Wyoming Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 66.9% | 63.0% | 58.5% |
| Rental Rate | 23.9% | 24.8% | 31.2% |
| Vacancy Rate | 9.2% | 12.2% | 10.2% |
| Median Tenure (years) | 13.0 | 14.0 | 15.0 |
| Median Year Moved In | 2013 | 2012 | 2011 |
Natrona County has a homeownership rate of 66.9%, higher than the Wyoming average of 63.0%. Its housing vacancy rate is 9.2%, compared with 12.2% in Wyoming.
Housing Stock
| Metric | Natrona County | Wyoming Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.31 people | 2.34 people | 2.53 people |
| Median Structure Built Year | 1978 | 1980 | 1978 |
| Median Number of Rooms | 5.8 | 5.8 | 5.5 |
The typical housing unit in Natrona County was built around 1978. On average, 2.3 people live in a home with about 5.8 rooms, staying for about 13.0 years on average.
Natrona County, WY Housing Compared With Nearby Counties
How Natrona County, WY compares with the 1 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Natrona County, WY | 79,975 | $271,456 #1/2 | $1,016 #1/2 | 73.7% #2/2 |
| Carbon County, WY | 14,463 | $252,419 | $841 | 76.3% |
Frequently Asked Questions
Common questions about the housing market in Natrona County, Wyoming.
What is the median home price in Natrona County, Wyoming?
The median home price in Natrona County, Wyoming is $271,456, higher than the Wyoming average of $262,084.
What is the average home price in Natrona County, Wyoming?
The typical home price in Natrona County, Wyoming, reported as the median sale price, is $271,456. 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 Natrona County, Wyoming?
The median gross rent in Natrona County, Wyoming is $1,016 per month, higher than the Wyoming average of $991.
What was the median gross rent in Natrona County in 2020?
In 2020, the median gross rent in Natrona County, Wyoming was $845 per month.
What is the price-to-rent ratio in Natrona County, Wyoming?
The price-to-rent ratio in Natrona County, Wyoming is about 22.3, meaning it would take roughly 22.3 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 Natrona County.
Are home prices or rent rising faster in Natrona County, Wyoming?
Both home prices and rent are rising in Natrona County, up about 5.7% and 2.6% a year respectively. Home prices are changing faster.
What is the homeownership rate in Natrona County, Wyoming?
66.9% of households in Natrona County, Wyoming own their home, higher than the Wyoming average of 63.0%.
What is the vacancy rate in Natrona County, Wyoming?
The housing vacancy rate in Natrona County, Wyoming is 9.2%, lower than the Wyoming average of 12.2%.
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