Real Estate Investing in Manderson, Wyoming (82432)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 82432 (Manderson, 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: 28.4% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 38.2 — 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 Manderson, WY (82432)?
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Market Analysis: 82432 Manderson
Not every below-median market is a bargain. Manderson's 82432 ZIP posts signals that favor experienced operators who can absorb the risk $396K pricing implies.
Rent of $864/mo on a $396K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 82432 sits below the stated 0.0% once reality is priced in.
Statewide comparisons place 82432 among WY's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
Resident income in 82432 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategically, 82432 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 Manderson:
Market Trends
Home Value History (with trend line)
📊 How Does 82432 Compare?
| Metric | 82432 | Manderson | Wyoming |
|---|---|---|---|
| Home Value | $396,435 | $396,435 | $359,462 |
| 5-Year CAGR | 8.2% | 8.2% | 6.2% |
| Avg Rent | $864 | $864 | - |
| Cap Rate | 1.7% | 1.7% | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 82432 (Manderson, WY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $396,435 |
| Monthly Rent | $864 |
| Price-to-Rent | 38.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.6% |
| Cap Rate | 1.7% |
| 5-Year IRR | 9.9% |
📈 Home Appreciation
| 1-Year | +4.7% ▲ |
| 3-Year CAGR | +6.2% ▲ |
| 5-Year CAGR | +8.2% ▲ |
| 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 (1.7%). 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 82432
Population: 280
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
What is the average home sale price in Manderson, WY?
In Manderson, WY the median home value sits at $396K. Against the broader WY market, that reads as reasonable for most investors.
How tight is the rental market in Manderson, WY?
Expect elevated vacancy in Manderson, WY. Rents at $864/mo are absorbed by the tenant base without meaningful lag.
Is Manderson, WY a good market for buy-and-hold investors?
Manderson, WY stands at an investability rating of 3.0/5, with median home values near $396K and average rents around $864/mo. That combination puts it in the impressive tier for investor interest.
Are eviction rules reasonable in Manderson, WY?
WY law landlord-friendly for landlords, and Manderson inherits those rules. Investors should still review local ordinances for rental licensing.
How strong is the working-renter base in Manderson, WY?
The tenant pool in Manderson, WY is solid, supported by local employment and population fundamentals. Rents of $864/mo are well-absorbed by the market.
You know 82432 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 82432 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
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