Real Estate Investing in Lingle, Wyoming (82223)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 82223 (Lingle, 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: 12.1% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 27.1 — 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 Lingle, WY (82223)?
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Market Analysis: 82223 Lingle
The 82223 ZIP covers a section of Lingle that demands careful diligence. Prices near $281K look accessible, but the work to make a deal cash flow is real.
The 82223 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
In the broader WY picture, 82223 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Employment concentration in 82223 leans toward sectors with higher volatility. The demographic consequence is income fluctuation that investors need to factor into their pro forma.
Strategically, 82223 can be a high-return sleeve of a diversified portfolio — but it should not be the whole portfolio, and it should not be someone's first deal.
Here's what matters if you're considering buying a home in Lingle:
Property Strategy for 82223
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $221,024 | $960 | 3.1% | +7.1% | $110,512 |
| 3BR | $337,016 | $1,290 | 2.8% | +6.9% | $112,339 |
Market Trends
Home Value History (with trend line)
📊 How Does 82223 Compare?
| Metric | 82223 | Lingle | Wyoming |
|---|---|---|---|
| Home Value | $280,754 | $280,754 | $359,462 |
| 5-Year CAGR | 5.5% | 5.5% | 6.2% |
| Avg Rent | $864 | $864 | - |
| 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 82223 (Lingle, WY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $280,754 |
| Monthly Rent | $864 |
| Price-to-Rent | 27.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.7% |
| Cap Rate | 2.4% |
| 5-Year IRR | 7.9% |
📈 Home Appreciation
| 1-Year | +4.9% ▲ |
| 3-Year CAGR | +4.4% ▲ |
| 5-Year CAGR | +5.5% ▲ |
| 10-Year CAGR | +5.6% ▲ |
🏠 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 (2.4%). 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 82223
Population: 695
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 82223
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
Investor Insight: With 540 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How strong is Lingle, WY for real estate investors?
Lingle, WY scores 3.0/5 for investability. Home values sit at $281K and rents near $864/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
Is Lingle, WY better for rentals, flips, or BRRRR?
Lingle, WY investors pursuing careful cash-flow rentals with hands-on management. The underlying economics ($281K prices, $864/mo rents) make it a reasonable choice.
What are rental rates like in Lingle, WY?
Rental rates in Lingle, WY average $864/mo. Tenant demand and $281K home values make the yield look reasonable by investor standards.
Are eviction rules reasonable in Lingle, WY?
For rental operators, Lingle, WY rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
Do rentals sit vacant long in Lingle, WY?
Rental vacancy in Lingle, WY is elevated. Investors should budget normal turnover but not chronic empty units.
You know 82223 now. You don’t know where it ranks.
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