Sweetwater County, Wyoming Housing Market Prices
Sweetwater 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 5% above the Wyoming median$274,568
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Median rent 8% below the Wyoming median$911
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Sweetwater County | Wyoming Avg | US Average |
|---|---|---|---|
| Median Home Price | $274,568 | $262,084 | $248,835 |
| Price Trend (Annual %) | 8.0% | 6.9% | 7.5% |
| Median Gross Rent | $911 | $991 | $1,407 |
| Rent Trend (Annual %) | 0.3% | 2.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Sweetwater County is about 5% higher than in Wyoming. Rent is about 8% 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 Sweetwater County, up about 8.0% and 0.3% a year respectively. Home prices are changing faster.
Median rent in Sweetwater County rose about 2.2% between 2015 and 2024, from $891 to $911. Over the same span, rent in Wyoming rose about 25.7%.
Affordability
On average, housing unit costs 3.7 yearly household incomes in Sweetwater County.
Buying the median-priced home in Sweetwater County costs roughly 25.1 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 Sweetwater County. The price-to-rent ratio in Wyoming is about 22.0.
| Metric | Sweetwater County | Wyoming Avg | US Average |
|---|---|---|---|
| Median Home Price | $274,568 | $262,084 | $248,835 |
| Median Household Income | $75,054 | $76,390 | $80,455 |
| Price-to-Income Ratio | 3.7 | 3.4 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Sweetwater County rose about 98.0%, while median household income rose about 11.6% 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 | Sweetwater County | Wyoming Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 67.6% | 63.0% | 58.5% |
| Rental Rate | 23.1% | 24.8% | 31.2% |
| Vacancy Rate | 9.3% | 12.2% | 10.2% |
| Median Tenure (years) | 14.0 | 14.0 | 15.0 |
| Median Year Moved In | 2012 | 2012 | 2011 |
Sweetwater County has a homeownership rate of 67.6%, higher than the Wyoming average of 63.0%. Its housing vacancy rate is 9.3%, compared with 12.2% in Wyoming.
Housing Stock
| Metric | Sweetwater County | Wyoming Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.34 people | 2.34 people | 2.53 people |
| Median Structure Built Year | 1979 | 1980 | 1978 |
| Median Number of Rooms | 5.9 | 5.8 | 5.5 |
The typical housing unit in Sweetwater County was built around 1979. On average, 2.3 people live in a home with about 5.9 rooms, staying for about 14.0 years on average.
Sweetwater County, WY Housing Compared With Nearby Counties
How Sweetwater County, WY compares with the 2 counties closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Sweetwater County, WY | 41,542 | $274,568 #3/3 | $911 #3/3 | 74.6% #2/3 |
| Sublette County, WY | 8,838 | $806,818 | $1,209 | 83.6% |
| Uintah County, UT | 37,051 | $309,167 | $941 | 73.5% |
Frequently Asked Questions
Common questions about the housing market in Sweetwater County, Wyoming.
What is the median home price in Sweetwater County, Wyoming?
The median home price in Sweetwater County, Wyoming is $274,568, higher than the Wyoming average of $262,084.
What is the average home price in Sweetwater County, Wyoming?
The typical home price in Sweetwater County, Wyoming, reported as the median sale price, is $274,568. 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 Sweetwater County, Wyoming?
The median gross rent in Sweetwater County, Wyoming is $911 per month, lower than the Wyoming average of $991.
What was the median gross rent in Sweetwater County in 2020?
In 2020, the median gross rent in Sweetwater County, Wyoming was $851 per month.
What is the price-to-rent ratio in Sweetwater County, Wyoming?
The price-to-rent ratio in Sweetwater County, Wyoming is about 25.1, meaning it would take roughly 25.1 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 Sweetwater County.
Are home prices or rent rising faster in Sweetwater County, Wyoming?
Both home prices and rent are rising in Sweetwater County, up about 8.0% and 0.3% a year respectively. Home prices are changing faster.
What is the homeownership rate in Sweetwater County, Wyoming?
67.6% of households in Sweetwater County, Wyoming own their home, higher than the Wyoming average of 63.0%.
What is the vacancy rate in Sweetwater County, Wyoming?
The housing vacancy rate in Sweetwater County, Wyoming is 9.3%, lower than the Wyoming average of 12.2%.
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