Platte County, Wyoming Housing Market Prices
Platte 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 79% below the Wyoming median Among the top 5 cheapest counties in Wyoming$56,071
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Median rent 21% below the Wyoming median Among the top 5 cheapest counties in Wyoming$780
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Platte County | Wyoming Avg | US Average |
|---|---|---|---|
| Median Home Price | $56,071 | $262,084 | $248,835 |
| Price Trend (Annual %) | 34.0% | 6.9% | 7.5% |
| Median Gross Rent | $780 | $991 | $1,407 |
| Rent Trend (Annual %) | 2.8% | 2.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Platte County is about 79% lower than in Wyoming. Rent is about 21% 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 Platte County, up about 34.0% and 2.8% a year respectively. Home prices are changing faster.
Median rent in Platte County rose about 31.8% between 2015 and 2024, from $592 to $780. Over the same span, rent in Wyoming rose about 25.7%.
Affordability
On average, housing unit costs 0.8 yearly household incomes in Platte County.
Buying the median-priced home in Platte County costs roughly 6.0 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 Platte County. The price-to-rent ratio in Wyoming is about 22.0.
| Metric | Platte County | Wyoming Avg | US Average |
|---|---|---|---|
| Median Home Price | $56,071 | $262,084 | $248,835 |
| Median Household Income | $67,844 | $76,390 | $80,455 |
| Price-to-Income Ratio | 0.8 | 3.4 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Platte County fell about 66.1%, while median household income rose about 68.2% 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 | Platte County | Wyoming Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 62.4% | 63.0% | 58.5% |
| Rental Rate | 19.6% | 24.8% | 31.2% |
| Vacancy Rate | 17.9% | 12.2% | 10.2% |
| Median Tenure (years) | 15.0 | 14.0 | 15.0 |
| Median Year Moved In | 2011 | 2012 | 2011 |
Platte County has a homeownership rate of 62.4%, lower than the Wyoming average of 63.0%. Its housing vacancy rate is 17.9%, compared with 12.2% in Wyoming.
Housing Stock
| Metric | Platte County | Wyoming Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.21 people | 2.34 people | 2.53 people |
| Median Structure Built Year | 1973 | 1980 | 1978 |
| Median Number of Rooms | 6.2 | 5.8 | 5.5 |
The typical housing unit in Platte County was built around 1973. On average, 2.2 people live in a home with about 6.2 rooms, staying for about 15.0 years on average.
Platte County, WY Housing Compared With Nearby Counties
How Platte County, WY compares with the 1 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Platte County, WY | 8,612 | $56,071 #2/2 | $780 #2/2 | 76.1% #1/2 |
| Laramie County, WY | 101,060 | $328,512 | $1,159 | 70.6% |
Frequently Asked Questions
Common questions about the housing market in Platte County, Wyoming.
What is the median home price in Platte County, Wyoming?
The median home price in Platte County, Wyoming is $56,071, lower than the Wyoming average of $262,084.
What is the average home price in Platte County, Wyoming?
The typical home price in Platte County, Wyoming, reported as the median sale price, is $56,071. 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 Platte County, Wyoming?
The median gross rent in Platte County, Wyoming is $780 per month, lower than the Wyoming average of $991.
What was the median gross rent in Platte County in 2020?
In 2020, the median gross rent in Platte County, Wyoming was $783 per month.
What is the price-to-rent ratio in Platte County, Wyoming?
The price-to-rent ratio in Platte County, Wyoming is about 6.0, meaning it would take roughly 6.0 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 Platte County.
Are home prices or rent rising faster in Platte County, Wyoming?
Both home prices and rent are rising in Platte County, up about 34.0% and 2.8% a year respectively. Home prices are changing faster.
What is the homeownership rate in Platte County, Wyoming?
62.4% of households in Platte County, Wyoming own their home, lower than the Wyoming average of 63.0%.
What is the vacancy rate in Platte County, Wyoming?
The housing vacancy rate in Platte County, Wyoming is 17.9%, higher than the Wyoming average of 12.2%.
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