Real Estate Investing in Gillette, Wyoming

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

2 ZIP codes • Population: 43,288 • Campbell County

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Should you buy in Gillette, WY? Our answer, based on the numbers below.

🏠 For Homebuyers
MIXED
Grade C (66/100)

Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.

📈 For Investors
MIXED
3.0 / 5 (47/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
1 flag
  • Elevated vacancy: 10.6% vacancy may signal weakening demand.

What’s happening in Gillette, WY?

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3.0/ 5

Investability

Citywide average

3.0/ 5

Appreciation

4.8% 5yr CAGR

5.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS
Avg Investability
Avg Home Value $334,438
Avg Monthly Rent $1,270
ZIP Codes 2

Investing in Gillette Real Estate

This is a distressed-leaning corner of Wyoming: Gillette has 2 ZIPs and a sizable population, and the investment math only works for investors who truly understand the market.

Investors considering Gillette, WY should understand what the ★★★☆☆ rating represents — a market with material structural headwinds, not a temporary rough patch.

Transaction volume in Gillette has thinned in a way that amplifies price discovery risk. In practical terms, investors without local context should treat every number on the page with skepticism.

Distressed-leaning demographics in Gillette — soft income growth, high rent burden, population shifts — are among the reasons the ★★★☆☆ rating sits where it does.

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Best ZIP codes in Gillette, WY

Gillette is part of this metro. Every ZIP in it, ranked. Free.

Cash Flow → Appreciation → Affordable →

Landlord Ground Truth

Real numbers from people who own or manage rentals in Gillette, WY. Anonymous, moderated, never written by AI.

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Avg Home Value
$334,438
Avg Monthly Rent
$1,270
1% Rule
✗ Below
Landlord Friendly (WY)

📉 Market Crash Risk Index

Based on Gillette, WY metro

1/10
Low Risk
Price YoY
0/3
N/A
Rent YoY
0/2
N/A
Below List
1/3
51%
Days Pending
0/2
0 days

View all metro crash risk rankings →

☀️ Warm Market — Gillette, WY metro
0
Days to pending
8.0%
Listings with price cuts
0.0%
Sale-to-list ratio
📅 Data as of August 29, 2026 — updated weekly

ZIP Codes in Gillette, WY

Screen every ZIP in Gillette

Filter Gillette’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo).

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Frequently Asked Questions About Gillette, WY

Is Gillette, WY a good market for buy-and-hold investors?

Gillette, WY rates 3.0/5 for investability. With median values at $334K and rents near $1,270/mo, the market offers reasonable fundamentals for rental investors.

How deep is the rental pool in Gillette, WY?

Gillette, WY draws a consistent base of working renters. Demand at the $1,270/mo rent level is reasonable for standard single-family and small multi rentals.

How much rent can I charge in Gillette, WY?

Average rent in Gillette, WY is approximately $1,270/mo per month. Against $334K home values that yields a reasonable rent-to-price ratio.

What approach is best for Gillette, WY real estate?

For Gillette, WY, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.

Are there empty rentals in Gillette, WY?

Vacancy risk in Gillette, WY is elevated. That supports steady cash flow for typical rental holds.

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