Real Estate Investing in Byron, Wyoming (82412)
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Should you buy in 82412 (Byron, 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: 19.9% of homes vacant — above national norms.
• 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 Byron, WY (82412)?
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Market Analysis: 82412 Byron
Investors eyeing 82412 need to respect the fundamentals at play. Home values of $253K come alongside slower price movement and elevated management overhead.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $253K asset, 82412 is the wrong submarket. If the plan prices in friction, the yield can still work.
ZIP 82412's metrics run below Big Horn County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
A significant renter share of 24% in 82412 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
The right play in 82412 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 Byron:
Market Trends
Home Value History (with trend line)
📊 How Does 82412 Compare?
| Metric | 82412 | Byron | Wyoming |
|---|---|---|---|
| Home Value | $252,996 | $252,996 | $359,462 |
| 5-Year CAGR | 6.2% | 6.2% | 6.2% |
| Avg Rent | $1,053 | $1,053 | - |
| Cap Rate | 3.3% | 3.3% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 82412 (Byron, WY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $252,996 |
| Monthly Rent | $1,053 |
| Price-to-Rent | 20.0:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 5.0% |
| Cap Rate | 3.3% |
| 5-Year IRR | 9.4% |
📈 Home Appreciation
| 1-Year | +5.8% ▲ |
| 3-Year CAGR | +3.8% ▲ |
| 5-Year CAGR | +6.2% ▲ |
| 10-Year CAGR | N/A |
🏠 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 82412
Population: 571
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
🎓 Nearby Colleges & Universities
Frequently Asked Questions
What approach is best for Byron, WY real estate?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Byron, WY. The numbers - $253K homes against $1,053/mo rents - support that play.
Is it easy to find good tenants in Byron, WY?
Tenant demand in Byron, WY is solid. The local workforce $1,053/mo rents across most rental classes.
Does Byron, WY make sense for an investment property?
With a 3.0/5 investability score, Byron, WY ranks as a solid market for rental property investors. Median prices of $253K and rents of $1,053/mo drive the underlying numbers.
Do landlords face vacancy issues in Byron, WY?
Expect elevated vacancy in Byron, WY. Rents at $1,053/mo are absorbed by the tenant base without meaningful lag.
Can owner-occupants cash flow in Byron, WY?
Byron, WY is a a challenging market for house hackers. FHA or conventional owner-occupant buyers find the $253K price point reasonable to enter.
You know 82412 now. You don’t know where it ranks.
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