Real Estate Investing in Lander, Wyoming (82520)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 82520 (Lander, WY)? Our answer, based on the numbers below.
Mixed — home prices are stretched relative to local incomes. Run the math on your specific situation.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
- High vacancy: 13.6% of homes vacant — above national norms.
What’s happening in Lander, WY (82520)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 82520 Lander
Stepping back, ZIP 82520 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $388K median. It rewards specialists, not generalists.
If the plan assumes clean turnover, on-time rent, and low maintenance on a $388K asset, 82520 is the wrong submarket. If the plan prices in friction, the yield can still work.
In practical terms, 82520 offers a low basis, the region around Lander has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
A sturdy renter share of 26% in 82520 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
seems to the ZIP is not uninvestable, but it is unforgiving. Section 8 landlords, local operators, and specialized value-add funds are the investor types that tend to succeed.
Here's what matters if you're considering buying a home in Lander:
Property Strategy for 82520
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $243,938 | $770 | 2.3% | — | $243,938 |
| 2BR | $306,547 | $980 | 2.3% | +8.9% | $153,274 |
| 3BR | $399,026 | $1,340 | 2.4% | +8.5% | $133,009 |
| 4BR | $442,145 | $1,640 | 2.7% | +8.3% | $110,536 |
| 5BR | $499,103 | — | — | +8.1% | $99,821 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 82520 Compare?
| Metric | 82520 | Lander | Riverton, WY | Wyoming |
|---|---|---|---|---|
| Home Value | $387,974 | $387,974 | N/A | $359,462 |
| 5-Year CAGR | 7.3% | 7.3% | N/A | 6.2% |
| Avg Rent | $1,413 | $1,413 | N/A | - |
| Cap Rate | 2.8% | 2.8% | - | - |
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 82520 (Lander, WY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $387,974 |
| Monthly Rent | $1,413 |
| Price-to-Rent | 22.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.4% |
| Cap Rate | 2.8% |
| 5-Year IRR | 10.1% |
📈 Home Appreciation
| 1-Year | +5.4% ▲ |
| 3-Year CAGR | +3.7% ▲ |
| 5-Year CAGR | +7.3% ▲ |
| 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 (2.8%). 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 82520
Population: 13,385
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 82520
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 monthly rent in Lander, WY?
Expect rents around $1,413/mo per month in Lander, WY. With home values at $388K, the yield math works out to reasonable levels for rental investors.
Are renters plentiful in Lander, WY?
Working renters make up the core of the Lander, WY tenant base. The pool is reasonable for investors targeting long-term holds.
What price range are homes in Lander, WY?
The median home value in Lander, WY is roughly $388K. That puts it reasonable relative to the WY statewide average.
What is it like being a landlord in Lander, WY?
WY law landlord-friendly for landlords, and Lander inherits those rules. Investors should still review local ordinances for rental licensing.
Can I live-in-and-rent in Lander, WY?
The house hack math a challenging in Lander, WY. Owner-occupant buyers benefit from the $1,413/mo rents and $388K home values.
You know 82520 now. You don’t know where it ranks.
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How 82520 ranks in Riverton, WY
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