Real Estate Investing in Cody, Wyoming
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Should you buy in Cody, WY? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 12.4% of homes vacant — above national norms.
What’s happening in Cody, WY?
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Market Trends — Cody, WY
Home Value History
Rent History
Investing in Cody Real Estate
Across Cody's 1 ZIPs, the picture is sluggish: $472K median values, $1,389/mo rents, and a population that has faced real economic pressure.
decisively Cody's aggregate rating of ★★★☆☆ reflects modest investor metrics across the board — weak rent growth, weak appreciation, and rising-vacancy pressure in multiple ZIPs.
Rent trends and price trends in Cody are both soft, which is the uncomfortable combination that defines distressed-leaning markets in Wyoming.
Population dynamics in Cody haven't been supportive. less favorable for combined with soft income growth, the demographic backdrop complicates any purely financial underwriting.
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ZIP Codes in Cody, WY
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View PlansFrequently Asked Questions About Cody, WY
Where do home prices stand in Cody, WY?
Expect median prices around $472K in Cody, WY. The market has run at a 0.0% 5-year CAGR, so entry costs have been predictable.
What is the typical vacancy rate in Cody, WY?
Expect elevated vacancy in Cody, WY. Rents at $1,389/mo are absorbed by the tenant base without meaningful lag.
Is house hacking profitable in Cody, WY?
The a challenging house-hack environment in Cody, WY reflects the rent-to-price spread. Expect meaningful PITI offset at market rents.
Is WY a landlord-friendly state?
WY law landlord-friendly for landlords, and Cody inherits those rules. Investors should still review local ordinances for rental licensing.
Is it easy to find good tenants in Cody, WY?
Tenant quality in Cody, WY ranks as solid. Landlords generally report steady occupancy at market rents of $1,389/mo.
Community Ratings
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