Niobrara County, Wyoming Housing Market Prices
Niobrara 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 43% below the Wyoming median Cheaper than 77% of counties in Wyoming$148,610
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Median rent 39% below the Wyoming median Cheapest county in Wyoming$605
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Niobrara County | Wyoming Avg | US Average |
|---|---|---|---|
| Median Home Price | $148,610 | $262,084 | $248,835 |
| Price Trend (Annual %) | -4.1% | 6.9% | 7.5% |
| Median Gross Rent | $605 | $991 | $1,407 |
| Rent Trend (Annual %) | 1.5% | 2.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Niobrara County is about 43% lower than in Wyoming. Rent is about 39% lower than the Wyoming average.
Median Home and Rent Price Trends
Median Home Prices, 2016-2021
Median Rent Prices, 2015-2024
Home prices and rent are moving in opposite directions in Niobrara County: home prices fell about 4.1% a year while rent rose about 1.5% a year. That is an unusual pattern worth watching.
Median rent in Niobrara County rose about 3.1% between 2015 and 2024, from $587 to $605. Over the same span, rent in Wyoming rose about 25.7%.
Affordability
On average, housing unit costs 2.4 yearly household incomes in Niobrara County.
Buying the median-priced home in Niobrara County costs roughly 20.5 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 Niobrara County. The price-to-rent ratio in Wyoming is about 22.0.
| Metric | Niobrara County | Wyoming Avg | US Average |
|---|---|---|---|
| Median Home Price | $148,610 | $262,084 | $248,835 |
| Median Household Income | $62,579 | $76,390 | $80,455 |
| Price-to-Income Ratio | 2.4 | 3.4 | 3.1 |
Home Prices vs Income Over Time
Between 2016 and 2021, the median home price in Niobrara County fell about 20.7%, while median household income rose about 24.1% 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 | Niobrara County | Wyoming Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 51.5% | 63.0% | 58.5% |
| Rental Rate | 31.9% | 24.8% | 31.2% |
| Vacancy Rate | 16.6% | 12.2% | 10.2% |
| Median Tenure (years) | 14.0 | 14.0 | 15.0 |
| Median Year Moved In | 2012 | 2012 | 2011 |
Niobrara County has a homeownership rate of 51.5%, lower than the Wyoming average of 63.0%. Its housing vacancy rate is 16.6%, compared with 12.2% in Wyoming.
Housing Stock
| Metric | Niobrara County | Wyoming Avg | US Average |
|---|---|---|---|
| Average Household Size | 1.81 people | 2.34 people | 2.53 people |
| Median Structure Built Year | 1972 | 1980 | 1978 |
| Median Number of Rooms | 5.9 | 5.8 | 5.5 |
The typical housing unit in Niobrara County was built around 1972. On average, 1.8 people live in a home with about 5.9 rooms, staying for about 14.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Niobrara County, Wyoming.
What is the median home price in Niobrara County, Wyoming?
The median home price in Niobrara County, Wyoming is $148,610, lower than the Wyoming average of $262,084.
What is the average home price in Niobrara County, Wyoming?
The typical home price in Niobrara County, Wyoming, reported as the median sale price, is $148,610. 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 Niobrara County, Wyoming?
The median gross rent in Niobrara County, Wyoming is $605 per month, lower than the Wyoming average of $991.
What was the median gross rent in Niobrara County in 2020?
In 2020, the median gross rent in Niobrara County, Wyoming was $823 per month.
What is the price-to-rent ratio in Niobrara County, Wyoming?
The price-to-rent ratio in Niobrara County, Wyoming is about 20.5, meaning it would take roughly 20.5 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 Niobrara County.
Are home prices or rent rising faster in Niobrara County, Wyoming?
Home prices and rent are moving in opposite directions in Niobrara County: home prices fell about 4.1% a year while rent rose about 1.5% a year. That is an unusual pattern worth watching.
What is the homeownership rate in Niobrara County, Wyoming?
51.5% of households in Niobrara County, Wyoming own their home, lower than the Wyoming average of 63.0%.
What is the vacancy rate in Niobrara County, Wyoming?
The housing vacancy rate in Niobrara County, Wyoming is 16.6%, higher than the Wyoming average of 12.2%.
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