The State of Wyoming Area Home Supply Charts

This page looks at a variety of Wyoming housing market data taken from the most recent 2022 American Community Survey census data. Housing units are structures such as a single family home, apartment community, mobile home park, public housing, etc. where a person or family live and live separately from other residents of the building. Figure 1 shows the total number of housing units for each city. Wyoming depicts it has a Housing Units of 271,818 which is in the center range of other states in the greater region.

Figure 2 illustrates the housing density in the Wyoming housing market as measured by housing units per square land mile (includes single family homes, apartments, etc.) the state of shows it has a Housing Density of 2.8 which is in the mid range of other states in the metro area. The state with the highest housing density in the group is Arizona which depicts a density of 26.9 ( very much bigger).

In Figure 4, Wyoming area change in the number of housing units and is a forward gauge (along with population change) for any potential housing shortage. the state of depicts it has a Housing Unit Change of 3.8% which is in the middle range of other states in the greater region. The state with the highest change in the housing units in the group is Utah which depicts a housing units of 15.7% (approximately 4.1 times bigger).

Figure 5 shows the percentage of rental property based on that they are occupied by renters as a percent of the total number of households in the community (including homes, apartments, etc.) the state of depicts it has a Renter Percent of 28.3% which is in the mid point range of other states in the metro area. Figure 6 illustrates the total number of housing units that are occupied by owners. it has a Owner Percent of 71.7% which is more than all other states in the metro area.

The State of Wyoming Home Cost Charts

Looking at the housing data provided in Figure 7, the average Wyoming home price is illustrated for this community and a useful analysis of affordable housing. Wyoming indicates it has a Median Home Value of $237,900 which is the smallest as measured by median home price of all the other states in the greater region. The state with the highest median home price in the group is Colorado which depicts a home price of $397,500 (67.1% larger). Figure 8 provides aggregate comparative data for the Wyoming metro area in terms of the median housing rental rate, apartment rent, etc. the state of shows it has a Median Gross Rent of $878 which is in the mid point range of other states in the metropolitan area. The state with the highest rental rates in the group is Colorado which depicts a rental rates of $1,437 (63.7% larger).

Figure 9 provides the frequency distribution of home prices for the area and is useful for understanding affordable housing fund. Wyoming has one of the largest proportions of home price worth between $50,000 to $100,000 at 26% of the total and is ranked #2. The only larger state being New Mexico with 33%. Second, it has the largest proportion of home price worth between $100,000 to $200,000 at 29% of the total and is ranked #1.

Median owner costs for the real estate market are shown in Figure 10 and include the costs associated with any mortgage, utility expenses, insurance, and other miscellaneous costs. the state of depicts it has a Median Owner Cost of $1,051 which is less than most other states in the local area. Figure 11 shows the median amount of cost as a percent of total household income for people who own homes in the Wyoming metro area. it has a Owner Cost as % of HH Income of 16% which is the smallest when sorted by cost as a percent of household income of all the other states in the greater region. The next chart, Figure 12, provides a comparison chart of the median home cost as a percent of a median worker take home earnings and is thus a valuable measure of affordable housing. the state of depicts it has a Median Home Value as Percent of Median Earnings of 456% which is the smallest when sorted by median home value as a percent of median worker earnings of all the other states in the area.

Figure 14 depicts the median cost of housing for owners with also have a mortgages (versus those who do not have a mortgage because mortgage cost is included.) the state of shows it has a Median Owner Costs-With Mortgage of $1,536 which is the second smallest when sorted by median housing cost of all the other states in the surrounding region. Figure 15 is a chart that shows the median housing costs for owners who do not have mortgages (and therefore the cost of home ownership does not include mortgage cost.) it has a Median Owner Costs-Without Mortgage of $451 which is less than most other states in the local area.

Figure 16 shows the distribution in total housing cost for owners of property (so not renters.) This cost includes mortgages, lines of credit interest, utilities, taxes, insurance, etc. Wyoming has one of the largest proportions of owner cost less than $300 at 18% of the total and is ranked #2. The only larger state being New Mexico with 21%.

Next shown in Figure 17 is the housing cost as a percent of household income for people who own their homes and have a mortgages (thus the cost of financing the home is included.) the state of depicts it has a % of Income Owner Costs-With Mortgage of 20% which is in the center range of other states in the metro area. The state with the highest cost as a percent of household income in the group is Nevada which shows a cost as a percent of household income of 22% (9.4% larger). Housing cost as a percent of household income for owners who do not have a mortgage is shown in Figure 18. This analysis can be useful for understanding the affordable housing for home ownership excluding any financing cost in the area shown. the state of depicts it has a % of Income Owner Costs-No Mortgage of 9% which is the second most cost as a percent of household income of all the states in the greater Wyoming region. The state with the highest cost as a percent of household income in the group is Montana which shows a cost as a percent of household income of 11% (20.0% larger).

Figure 19 looks at the cost of rent for rental property using the percent of total household income which is a valuable measure of financial health for the area. (The higher the proportion of rent payments to total household income is a sign of greater financial stress. Also, rent can be covered by rent assistance and rent assistance programs in the form of rent assistance.) Wyoming has one of the largest proportions of rent as a percent of income is less than 10 pct at 23% of the total and is ranked #2. The only larger state being Utah with 23%. Second, it has the smallest proportion of rent as a percent of income is between 20pct to 30pct at 13% of the total. Third, it has the smallest as measured by rent as a percent of income is less than 10 pct of all the other states in the metro area as measured by rent as a percent of income is between 40pct to 50pct at 18% of the total.

Figure 21 shows median amount of real estate taxes paid for home owners in the region. it has a Median Real Estate Taxes Paid of $1,442 which is in the middle range of other states in the area. The state with the highest median real estate taxes paid in the group is Montana which depicts a taxes paid of $2,189 (51.8% larger).

Figure 22 shows the percentage of renters who pay for utilities in Wyoming. This is calculated as the percent of renters who pay separately for utilities versus the people who have utilities included as part of amenities. Wyoming has the largest proportion of pay extra for utilities at 21% of the total and is ranked #1.

Figure 23 shows the rental rate distribution for this area. Wyoming has the largest proportion of rent between 300 and 500 dollars at 22% of the total and is ranked #1. Second, it has the largest proportion of rent between 500 and 750 dollars at 25% of the total and is ranked #1. Third, it has the smallest proportion of rent between 750 and 1000 dollars at 24% of the total. Also, it has the smallest proportion of rent between 1000 and 1500 dollars at 9% of the total.

The State of Wyoming Home Financing Charts

The analysis in Figure 25 shows the detailed distribution of owned homes by mortgage status. Wyoming has one of the largest proportions of With HELOC no Primary Mortgage at 41% of the total and is ranked #3. Only #2 Montana (44%), and #1 New Mexico (47%) are larger.

The State of Wyoming Home Characteristics Charts

Figure 28 shows the household size for families living in the area and it has a Family size of 3.1 which is the smallest as measured by family members per housing unit of all the other states in the surrounding region. The state with the highest family members per housing unit in the group is Utah which depicts a family members per housing unit of 3.7 (17.1% larger).

Figure 29 show the median number of rooms in a typical home for each location in this area. it has a Median Number of Rooms of 5.8 which is the third most of all other states in the greater region. The state with the highest average number of rooms in a house in the group is Utah which shows an average number of rooms in a house of 6.4 (10.3% larger). Figure 30 shows, for the average house in each location, the median year that a house was built. This can be useful for understanding the relative age of one neighborhood versus another for a real estate investor. it has a Median Year Built of 1979 which is the smallest when ranked by year built of all the other states in the greater region. The state with the highest year built in the group is Nevada which shows a year built of 1995 ( about the same size).

Figure 31 looks at the distribution of housing units by the median age that the homes were built. has the percentage of homes built in 2020 or later the smallest when sorted by homes built in 2020 or later of all the other states in the local area at 8% of the total. Second, it has the smallest as measured by homes built in 2020 or later of all the other states in the metro area when sorted by homes built between 2010 to 2019 at 14% of the total. Third, it has the smallest proportion of homes built between 2000 to 2009 at 12% of the total. Also, it has the largest proportion of homes built between 1980 to 1989 at 19% of the total and is ranked #1. In addition, it has the largest proportion of homes built between 1950 to 1959 at 5% of the total and is ranked #1. Furthermore, it has one of the largest proportions of homes built between 1940 to 1949 at 11% of the total and is ranked #2. The only larger state being Montana with 13%.

Figure 32 shows the difference in the number of housing units based on whether they are occupied by owners versus occupied by renters. has the smallest proportion of owner housing units at 65,294 of the total.

Figure 33 shows the difference in the number of housing units based on whether they are occupied by owners or renters. has the smallest proportion of 20 to 49 units at 1% of the total. Second, it has one of the largest proportions of 50 or more units at 13% of the total and is ranked #2. The only larger state being New Mexico with 16%.

Figure 34 shows the median value of homes broken down by the median year that the homes were built. has the percentage of value of homes built 2020 or later the smallest when sorted by value of homes built 2020 or later of all the other states in the surrounding region at $339,300 of the total. Second, it has the second smallest in terms of value of homes built 2020 or later of all the other states in the metro area in terms of value of homes built 2010 to 2019 at $294,600 of the total. Third, it has the second smallest as measured by value of homes built 2020 or later of all the other states in the metro area when sorted by value of homes built 2000 to 2009 at $292,600 of the total. Also, it has the second smallest when sorted by value of homes built 2020 or later of all the other states in the local area as measured by value of homes built 1990 to 1999 at $240,500 of the total. In addition, it has less than most other states in the greater region when sorted by value of homes built 1980 to 1989 at $217,200 of the total. Furthermore, it has the second smallest when sorted by value of homes built 2020 or later of all the other states in the surrounding region in order of value of homes built 1960 to 1969 at $187,600 of the total. Next it has the smallest in order of value of homes built 2020 or later of all the other states in the area when ranked by value of homes built 1950 to 1959 at $167,900 of the total. Additionally, it has the smallest in order of value of homes built 2020 or later of all the other states in the greater region as measured by value of homes built 1940 to 1949 at $179,300 of the total.

Figure 35 compares the total number of occupied housing units to vacant housing units. This analysis can be used to understand any housing shortage in the community. it has the largest proportion of occupied housing units at 15% of the total and is ranked #1.

The next two charts show both the average household size of homeowners versus the average household size of renters. Starting with Figure 36 we see the household size of homeowners for Wyoming residents. it has a Owner-Household Size of 2.5 which is the smallest in order of homeowner household size of all the other states in the metro area. The state with the highest homeowner household size in the group is Utah which depicts a homeowner household size of 3.2 (27.6% larger).

Figure 37 shows the household size for renters. the state of depicts it has a Renter-Household Size of 2.2 which is the smallest when ranked by renter household size of all the other states in the local area. The state with the highest renter household size in the group is Utah which shows a renter household sizes of 2.7 (23.2% larger). Figure 38 shows the year that people who own homes moved into this region. has the percentage of owners moved in 2019 or later the second smallest when sorted by owners moved in 2019 or later of all the other states in the greater region at 24% of the total. Figure 39 shows the year that people who rent moved into the area. Wyoming has the smallest proportion of renters moved in 2015 to 2018 at 15% of the total.

Figure 40 compares the median year that home owners moved into their home. it has a Owner Median Year Moved In of 2009 which is the second smallest when sorted by median year that a home owner moved in of all the other states in the surrounding region. Figure 41 compares the median year that renters moved into their home. the state of shows it has a Renter Median Year Moved In of 2017 which is ranked #1 of all states in the greater Wyoming region.

Figure 42 shows the frequency distribution of various types of energy sources used for homes in the community. has the percentage of home using bottled, tank, or lp gas the second smallest in terms of homes using natural gas of all the other states in the metro area at 23% of the total. Second, it has the largest proportion of homes using kerosene or other fuel oils at 0% of the total and is ranked #1.

The next two charts show the number of people living in group quarters and includes temporary as well permanent housing which may be run by the Wyoming housing department, department, or other housing authority or public housing agency. beginning with Figure 43 which shows the total number of people. the state of depicts it has a Total In Group Quarters of 13,042 which is in the mid point range of other states in the metro area.