Wyoming Real Estate Market Trends & Analysis

The Wyoming real estate market is currently supported by one of the most stable economies in the country. In particular, Wyoming has been less sensitive to the decline in oil prices than other energy-intensive states, and revenues from mineral extraction taxes placed more money in the hands of residents across the state. As a result, the demand for housing has only increased in conjunction with home prices. Much like everywhere else, real estate in Wyoming continues to increase in value. That said, it’s still relatively affordable, and holds plenty of potential as more and more people are moving to Wyoming.

Wyoming Real Estate Fees & Regulations

Real Estate

Closing Conducted by: Real Estate Agents
Conveyance: Warranty Deed

Foreclosure Procedure

Primary Foreclosure Method: Non-Judicial
Process Period: 2 - 3 months
Notice of Sale: Sheriff
Redemption Period: 3 Months

Taxes

Income Tax: None
Corporate Tax: None
Sales Tax: 4.00%
Estate Tax: No
Inheritance Tax: No
Median Property Tax: 0.58%
Property Taxes by County: http://www.tax-rates.org/wyoming/property-tax#Counties

Average Transactional Costs

Closing Cost: $2,518.00
Transfer Fee: No Fees
Origination Fee: $1,890.00

Overview

  • Median Home Value: $232,000
  • 1-Year Appreciation Rate: +5.0%
  • Median Home Value (1-Year Forecast): +3.7%
  • Median Rent Price: $1,250
  • Price-To-Rent Ratio: 15.46
  • Average Days On Market: 58
  • Unemployment Rate: 3.7% (latest estimate by the Bureau Of Labor Statistics)
  • Population: 577,737 (latest estimate by the U.S. Census Bureau)
  • Median Household Income: $60,938 (latest estimate by the U.S. Census Bureau)
  • Percentage Of Vacant Homes: 14.66%
  • Foreclosure Rate: 1 in every 4,138

Wyoming Foreclosure Trends & Statistics

Tax Lien Investing

  • Tax Lien or Deed: Tax Lien state
  • Interest Rate: 18%
  • Redemption Period: 4 years