Sublette County, Wyoming Housing Market Prices
Sublette 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 208% above the Wyoming median Among the 3 most expensive counties in Wyoming$806,818
-
Median rent 22% above the Wyoming median Among the 3 most expensive counties in Wyoming$1,209
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Sublette County | Wyoming Avg | US Average |
|---|---|---|---|
| Median Home Price | $806,818 | $262,084 | $248,835 |
| Price Trend (Annual %) | 31.3% | 6.9% | 7.5% |
| Median Gross Rent | $1,209 | $991 | $1,407 |
| Rent Trend (Annual %) | 2.0% | 2.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Sublette County is about 208% higher than in Wyoming. Rent is about 22% 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 Sublette County, up about 31.3% and 2.0% a year respectively. Home prices are changing faster.
Median rent in Sublette County rose about 3.2% between 2015 and 2024, from $1,171 to $1,209. Over the same span, rent in Wyoming rose about 25.7%.
Affordability
On average, housing unit costs 9.6 yearly household incomes in Sublette County.
Buying the median-priced home in Sublette County costs roughly 55.6 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 Sublette County. The price-to-rent ratio in Wyoming is about 22.0.
| Metric | Sublette County | Wyoming Avg | US Average |
|---|---|---|---|
| Median Home Price | $806,818 | $262,084 | $248,835 |
| Median Household Income | $83,716 | $76,390 | $80,455 |
| Price-to-Income Ratio | 9.6 | 3.4 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Sublette County rose about 162.3%, while median household income rose about 11.2% 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 | Sublette County | Wyoming Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 58.4% | 63.0% | 58.5% |
| Rental Rate | 11.5% | 24.8% | 31.2% |
| Vacancy Rate | 30.1% | 12.2% | 10.2% |
| Median Tenure (years) | 16.0 | 14.0 | 15.0 |
| Median Year Moved In | 2010 | 2012 | 2011 |
Sublette County has a homeownership rate of 58.4%, lower than the Wyoming average of 63.0%. Its housing vacancy rate is 30.1%, compared with 12.2% in Wyoming.
Housing Stock
| Metric | Sublette County | Wyoming Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.38 people | 2.34 people | 2.53 people |
| Median Structure Built Year | 1987 | 1980 | 1978 |
| Median Number of Rooms | 5.1 | 5.8 | 5.5 |
The typical housing unit in Sublette County was built around 1987. On average, 2.4 people live in a home with about 5.1 rooms, staying for about 16.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Sublette County, Wyoming.
What is the median home price in Sublette County, Wyoming?
The median home price in Sublette County, Wyoming is $806,818, higher than the Wyoming average of $262,084.
What is the average home price in Sublette County, Wyoming?
The typical home price in Sublette County, Wyoming, reported as the median sale price, is $806,818. 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 Sublette County, Wyoming?
The median gross rent in Sublette County, Wyoming is $1,209 per month, higher than the Wyoming average of $991.
What was the median gross rent in Sublette County in 2020?
In 2020, the median gross rent in Sublette County, Wyoming was $876 per month.
What is the price-to-rent ratio in Sublette County, Wyoming?
The price-to-rent ratio in Sublette County, Wyoming is about 55.6, meaning it would take roughly 55.6 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 Sublette County.
Are home prices or rent rising faster in Sublette County, Wyoming?
Both home prices and rent are rising in Sublette County, up about 31.3% and 2.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Sublette County, Wyoming?
58.4% of households in Sublette County, Wyoming own their home, lower than the Wyoming average of 63.0%.
What is the vacancy rate in Sublette County, Wyoming?
The housing vacancy rate in Sublette County, Wyoming is 30.1%, 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 →