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