Real Estate Investing in Laramie, Wyoming (82070)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 82070 (Laramie, 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.
- Elevated vacancy: 10.3% vacancy may signal weakening demand.
- High price-to-rent: Price-to-rent ratio 27.1 — hard to cash-flow at these prices.
What’s happening in Laramie, WY (82070)?
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Market Analysis: 82070 Laramie
Not every below-median market is a bargain. Laramie's 82070 ZIP registers signals that favor experienced operators who can absorb the risk $387K pricing implies.
Distressed markets are won on execution, not on spreadsheets. ZIP 82070 posts the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
ZIP 82070's metrics run below Albany County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
On the rental side, 20,149 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
The right play in 82070 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 Laramie:
Property Strategy for 82070
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $224,935 | $810 | 2.6% | +6.1% | $224,935 |
| 2BR | $290,467 | $990 | 2.5% | +8.3% | $145,234 |
| 3BR | $364,962 | $1,380 | 2.7% | +7.2% | $121,654 |
| 4BR | $434,480 | $1,660 | 2.8% | +7.0% | $108,620 |
| 5BR | $516,584 | — | — | +7.0% | $103,317 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 82070 Compare?
| Metric | 82070 | Laramie | Laramie, WY | Wyoming |
|---|---|---|---|---|
| Home Value | $387,447 | $253,857 | N/A | $359,462 |
| 5-Year CAGR | 5.8% | 5.9% | N/A | 6.2% |
| Avg Rent | $1,193 | $1,188 | N/A | - |
| Cap Rate | 2.4% | 2.4% | - | - |
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 82070 (Laramie, WY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $387,447 |
| Monthly Rent | $1,193 |
| Price-to-Rent | 27.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.7% |
| Cap Rate | 2.4% |
| 5-Year IRR | 8.2% |
📈 Home Appreciation
| 1-Year | +3.3% ▲ |
| 3-Year CAGR | +4.5% ▲ |
| 5-Year CAGR | +5.8% ▲ |
| 10-Year CAGR | +5.6% ▲ |
🏠 Rent Trends
| 1-Year | -11.8% ▼ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.4%). 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 82070
Population: 20,149
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
🎓 Schools in 82070
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Frequently Asked Questions
Where do home prices stand in Laramie, WY?
Laramie, WY median home values land near $387K. That is reasonable territory for investors looking at $1,193/mo-per-month rentals.
Are renters plentiful in Laramie, WY?
Laramie, WY draws a predictable base of working renters. Demand at the $1,193/mo rent level is reasonable for standard single-family and small multi rentals.
Is Laramie in WY worth investing in?
Investors tracking Laramie, WY will find a 3.0/5 rating supported by $387K median home values and $1,193/mo rents. That profile suits long-term holders targeting even-keeled returns.
What is the smart move for investors in Laramie, WY?
In Laramie, WY the sturdy play is typically careful cash-flow rentals with hands-on management. The combination of $387K prices and $1,193/mo rents suits that approach.
What does house hacking look like in Laramie, WY?
For house hackers, Laramie, WY is a challenging. The $1,193/mo rent on a unit helps defray the mortgage on a $387K property.
You know 82070 now. You don’t know where it ranks.
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How 82070 ranks in Laramie, WY
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