Housing Market Overview
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 Map: Nearby Counties
Housing Market Overview
| Metric | Weston County | Wyoming Avg | US Average |
|---|---|---|---|
| Median Home Price | $12,916 | $235,717 | $242,182 |
| Price Trend (Annual %) | -14.3% | 6.3% | 8.2% |
| Median Gross Rent | $693 | $967 | $1,342 |
| Rent Trend (Annual %) | -1.2% | 2.7% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Weston County is about 95% lower than in Wyoming. Rent is about 28% lower than the Wyoming average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2023
Median Rent Prices, 2015-2023
Both home prices and rent are falling in Weston County, down about 14.3% and 1.2% a year respectively. Home prices are changing faster.
Median rent in Weston County fell about 6.3% between 2015 and 2023, from $739 to $693. Over the same span, rent in Wyoming rose about 22.7%.
Affordability
On average, housing unit costs 0.2 yearly household incomes in Weston County.
Buying the median-priced home in Weston County costs roughly 1.6 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 Weston County. The price-to-rent ratio in Wyoming is about 20.3.
| Metric | Weston County | Wyoming Avg | US Average |
|---|---|---|---|
| Median Home Price | $12,916 | $235,717 | $242,182 |
| Median Household Income | $84,986 | $74,833 | $78,145 |
| Price-to-Income Ratio | 0.2 | 3.1 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2023, the median home price in Weston County fell about 97.0%, while median household income rose about 60.4% between 2009 and 2023 — 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 | Weston County | Wyoming Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 71.7% | 62.3% | 58.2% |
| Rental Rate | 8.9% | 24.3% | 31.3% |
| Vacancy Rate | 19.4% | 13.4% | 10.6% |
| Median Tenure (years) | 17.0 | 14.0 | 15.0 |
| Median Year Moved In | 2009 | 2012 | 2011 |
Weston County has a homeownership rate of 71.7%, higher than the Wyoming average of 62.3%. Its housing vacancy rate is 19.4%, compared with 13.4% in Wyoming.
Housing Stock
| Metric | Weston County | Wyoming Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.35 people | 2.38 people | 2.54 people |
| Median Structure Built Year | 1977 | 1979 | 1978 |
| Median Number of Rooms | 5.9 | 5.8 | 5.5 |
The typical housing unit in Weston County was built around 1977. On average, 2.3 people live in a home with about 5.9 rooms, staying for about 17.0 years on average.
Frequently Asked Questions
Common questions about the housing market in Weston County, Wyoming.
What is the median home price in Weston County, Wyoming?
The median home price in Weston County, Wyoming is $12,916, lower than the Wyoming average of $235,717.
What is the average home price in Weston County, Wyoming?
The typical home price in %s, reported as the median sale price, is %s. 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 Weston County, Wyoming?
The median gross rent in Weston County, Wyoming is $693 per month, lower than the Wyoming average of $967.
What was the median gross rent in Weston County in 2020?
In 2020, the median gross rent in Weston County, Wyoming was $761 per month.
What is the price-to-rent ratio in Weston County, Wyoming?
The price-to-rent ratio in Weston County, Wyoming is about 1.6, meaning it would take roughly 1.6 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 Weston County.
Are home prices or rent rising faster in Weston County, Wyoming?
Both home prices and rent are falling in Weston County, down about 14.3% and 1.2% a year respectively. Home prices are changing faster.
What is the homeownership rate in Weston County, Wyoming?
71.7% of households in Weston County, Wyoming own their home, higher than the Wyoming average of 62.3%.
What is the vacancy rate in Weston County, Wyoming?
The housing vacancy rate in Weston County, Wyoming is 19.4%, higher than the Wyoming average of 13.4%.