Real Estate Investing in Torrington, Wyoming (82240)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 82240 (Torrington, 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.
- Elevated vacancy: 11.5% vacancy may signal weakening demand.
What’s happening in Torrington, WY (82240)?
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Market Analysis: 82240 Torrington
The 82240 ZIP covers a section of Torrington that demands careful diligence. Prices near $240K look accessible, but the work to make a deal cash flow is real.
For an experienced owner, 82240 can be a a strong candidate for hunting ground — but the discount at $240K reflects genuine risk that outside investors often underestimate.
ZIP 82240's metrics run below Goshen County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Meanwhile, 9,547 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.
Distressed ZIPs reward experience. substantial returns are possible in 82240, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Torrington:
Property Strategy for 82240
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $124,549 | $750 | 4.3% | +6.7% | $124,549 |
| 2BR | $183,986 | $980 | 3.8% | +8.9% | $91,993 |
| 3BR | $264,421 | $1,320 | 3.6% | +8.1% | $88,140 |
| 4BR | $284,709 | $1,640 | 4.1% | +7.9% | $71,177 |
| 5BR | $395,869 | — | — | +7.9% | $79,174 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 82240 Compare?
| Metric | 82240 | Torrington | Wyoming |
|---|---|---|---|
| Home Value | $239,953 | $239,953 | $359,462 |
| 5-Year CAGR | 6.3% | 6.3% | 6.2% |
| Avg Rent | $1,000 | $1,000 | - |
| Cap Rate | 3.3% | 3.3% | - |
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 82240 (Torrington, WY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $239,953 |
| Monthly Rent | $1,000 |
| Price-to-Rent | 20.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.0% |
| Cap Rate | 3.3% |
| 5-Year IRR | 9.5% |
📈 Home Appreciation
| 1-Year | +2.0% ▲ |
| 3-Year CAGR | +3.9% ▲ |
| 5-Year CAGR | +6.3% ▲ |
| 10-Year CAGR | +5.5% ▲ |
🏠 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 (3.3%). 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 82240
Population: 9,547
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 82240
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
Is Torrington, WY better for rentals, flips, or BRRRR?
For Torrington, WY, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
What are vacancy rates like in Torrington, WY?
Vacancy in Torrington, WY is elevated, which keeps landlord downtime on reasonable timelines. Most properties lease within the standard window at $1,000/mo.
What is the tenant pool like in Torrington, WY?
The tenant pool in Torrington, WY is solid, supported by local employment and population fundamentals. Rents of $1,000/mo are well-absorbed by the market.
Are landlord laws favorable in Torrington, WY?
Rental owners in Torrington, WY deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
What are rental rates like in Torrington, WY?
Rental rates in Torrington, WY average $1,000/mo. Tenant demand and $240K home values make the yield look reasonable by investor standards.
You know 82240 now. You don’t know where it ranks.
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