Real Estate Investing in Thermopolis, Wyoming (82443)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 82443 (Thermopolis, 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: 17.0% of homes vacant — above national norms.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Thermopolis, WY (82443)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 82443 Thermopolis
Investors eyeing 82443 need to respect the fundamentals at play. Home values of $248K come alongside slower price movement and elevated management overhead.
Distressed markets are won on execution, not on spreadsheets. ZIP 82443 records the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
In the broader WY picture, 82443 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
From an investor standpoint, 4,534 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 82443 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 Thermopolis:
Property Strategy for 82443
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $176,880 | $960 | 3.9% | +10.4% | $88,440 |
| 3BR | $260,936 | $1,340 | 3.7% | +9.0% | $86,979 |
| 4BR | $279,298 | $1,580 | 4.1% | +8.1% | $69,825 |
| 5BR | $362,519 | — | — | +7.1% | $72,504 |
Market Trends
Home Value History (with trend line)
📊 How Does 82443 Compare?
| Metric | 82443 | Thermopolis | Wyoming |
|---|---|---|---|
| Home Value | $247,978 | $247,978 | $359,462 |
| 5-Year CAGR | 7.9% | 7.9% | 6.2% |
| Avg Rent | $864 | $864 | - |
| Cap Rate | 2.7% | 2.7% | - |
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 82443 (Thermopolis, WY). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 82443 (Thermopolis, WY)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $247,978 |
| Monthly Rent | $864 |
| Price-to-Rent | 23.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.2% |
| Cap Rate | 2.7% |
| 5-Year IRR | 10.6% |
📈 Home Appreciation
| 1-Year | +5.4% ▲ |
| 3-Year CAGR | +5.6% ▲ |
| 5-Year CAGR | +7.9% ▲ |
| 10-Year CAGR | +5.9% ▲ |
🏠 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 (2.7%). 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 82443
Population: 4,534
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 82443
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.
Frequently Asked Questions
What is the average home sale price in Thermopolis, WY?
Typical homes in Thermopolis, WY go for around $248K. The 5-year CAGR of 0.0% even-keeled price movement.
Is Thermopolis, WY a friendly market for rental owners?
For rental operators, Thermopolis, WY rates as landlord-friendly. The regulatory environment standard buy-and-hold operations.
How should investors approach Thermopolis, WY?
In Thermopolis, WY the solid play is typically careful cash-flow rentals with hands-on management. The combination of $248K prices and $864/mo rents suits that approach.
Does house hacking work in Thermopolis, WY?
House hacking works a challenging in Thermopolis, WY. Rents of $864/mo against $248K acquisition make the strategy solid for owner-occupants.
How deep is the rental pool in Thermopolis, WY?
Expect a solid tenant pool in Thermopolis, WY. The rental market absorbs $864/mo rents without meaningful friction.
You know 82443 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 82443 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.
AI Market Advisor
Ask questions about investing in 82443 (Thermopolis)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 82443 (Thermopolis, WY).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.