Real Estate Investing in Cody, Wyoming (82414)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 82414 (Cody, 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: 12.4% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 28.3 — hard to cash-flow at these prices.
What’s happening in Cody, WY (82414)?
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Market Analysis: 82414 Cody
Not every below-median market is a bargain. Cody's 82414 ZIP posts signals that favor experienced operators who can absorb the risk $472K pricing implies.
The 82414 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Regionally, 82414 sits on the difficult end of the WY spectrum. The an appealing option for read — for disciplined operators — is that pricing reflects the difficulty.
Resident income in 82414 sits below the county median. That reality colors rent collection, vacancy, and reinvestment math in ways that outside investors often underestimate.
Strategy in 82414 is an operator game, not a passive one. Turning to rents, entry prices of $472K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Cody:
Property Strategy for 82414
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $337,959 | $820 | 1.7% | +7.7% | $337,959 |
| 2BR | $347,912 | $1,070 | 2.2% | +9.9% | $173,956 |
| 3BR | $470,556 | $1,490 | 2.3% | +9.2% | $156,852 |
| 4BR | $567,050 | $1,790 | 2.3% | +9.5% | $141,763 |
| 5BR | $685,312 | — | — | +9.4% | $137,062 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 82414 Compare?
| Metric | 82414 | Cody | Wyoming |
|---|---|---|---|
| Home Value | $472,315 | $472,315 | $359,462 |
| 5-Year CAGR | 6.3% | 6.3% | 6.2% |
| Avg Rent | $1,389 | $1,389 | - |
| Cap Rate | 2.3% | 2.3% | - |
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 82414 (Cody, WY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $472,315 |
| Monthly Rent | $1,389 |
| Price-to-Rent | 28.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.5% |
| Cap Rate | 2.3% |
| 5-Year IRR | 8.6% |
📈 Home Appreciation
| 1-Year | -2.9% ▼ |
| 3-Year CAGR | +3.6% ▲ |
| 5-Year CAGR | +6.3% ▲ |
| 10-Year CAGR | +6.3% ▲ |
🏠 Rent Trends
| 1-Year | -4.7% ▼ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (2.3%). 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 82414
Population: 16,381
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 82414
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 type of investing works in Cody, WY?
Investors usually favor careful cash-flow rentals with hands-on management in Cody, WY. With home values at $472K and rents near $1,389/mo, other strategies can work but produce predictable rather than outsized returns.
Is Cody, WY a friendly market for rental owners?
Cody, WY falls under WY landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
How expensive is real estate in Cody, WY?
The median home value in Cody, WY is roughly $472K. That puts it reasonable relative to the WY statewide average.
How high is vacancy risk in Cody, WY?
Cody, WY carries elevated vacancy risk. Expect predictable absorption at market rents of $1,389/mo.
How viable is house hacking in Cody, WY?
The house hack math a challenging in Cody, WY. Owner-occupant buyers benefit from the $1,389/mo rents and $472K home values.
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