Real Estate Investing in Centennial, Wyoming (82055)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 82055 (Centennial, WY)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 52.4% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 32.4 — hard to cash-flow at these prices.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Centennial, WY (82055)?
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Market Analysis: 82055 Centennial
This part of Albany County is not an easy win. The 82055 ZIP stands at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
For an experienced owner, 82055 can be a a credible choice for hunting ground — but the discount at $346K reflects genuine risk that outside investors often underestimate.
Within WY, ZIP 82055 trails on several market indicators that neighboring Albany County submarkets outperform. The gap is real and sturdy enough to shape underwriting.
Resident income in 82055 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
The right play in 82055 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Centennial:
Property Strategy for 82055
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $336,212 | $990 | 2.1% | +9.7% | $168,106 |
| 3BR | $537,817 | $1,380 | 1.8% | — | $179,272 |
Market Trends
Home Value History (with trend line)
📊 How Does 82055 Compare?
| Metric | 82055 | Centennial | Laramie, WY | Wyoming |
|---|---|---|---|---|
| Home Value | $345,977 | $345,977 | N/A | $359,462 |
| 5-Year CAGR | 5.5% | 5.5% | N/A | 6.2% |
| Avg Rent | $891 | $891 | N/A | - |
| Cap Rate | 2.0% | 2.0% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 82055 (Centennial, WY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $345,977 |
| Monthly Rent | $891 |
| Price-to-Rent | 32.4:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.1% |
| Cap Rate | 2.0% |
| 5-Year IRR | 7.5% |
📈 Home Appreciation
| 1-Year | -0.2% ▼ |
| 3-Year CAGR | +3.6% ▲ |
| 5-Year CAGR | +5.5% ▲ |
| 10-Year CAGR | +6.0% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.0%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 82055
Population: 364
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
Frequently Asked Questions
Is Centennial, WY a good market for buy-and-hold investors?
Our data puts Centennial, WY at 3.0/5 for investability. Home prices of $346K and rents around $891/mo create a solid backdrop for investor activity.
Where do rents currently stand in Centennial, WY?
The typical rental in Centennial, WY commands about $891/mo monthly. That rent profile stable cash flow against the $346K purchase basis.
How deep is the rental pool in Centennial, WY?
The tenant pool in Centennial, WY is solid, supported by local employment and population fundamentals. Rents of $891/mo are well-absorbed by the market.
What is it like being a landlord in Centennial, WY?
WY law landlord-friendly for landlords, and Centennial inherits those rules. Investors should still review local ordinances for rental licensing.
Is vacancy a concern in Centennial, WY?
Rental vacancy in Centennial, WY is elevated. Investors should budget normal turnover but not chronic empty units.
You know 82055 now. You don’t know where it ranks.
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How 82055 ranks in Laramie, WY
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