Real Estate Investing in Casper, Wyoming (82601)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 82601 (Casper, 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: 14.1% of homes vacant — above national norms.
What’s happening in Casper, WY (82601)?
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Market Analysis: 82601 Casper
In practical terms, ZIP 82601 has challenges — vacancy pressure, softer price growth, and tenant stability concerns sit alongside the $291K median. It rewards specialists, not generalists.
For an experienced owner, 82601 can be a worth a close look for hunting ground — but the discount at $291K reflects genuine risk that outside investors often underestimate.
Statewide comparisons place 82601 among WY's softer markets. That context does not make the ZIP uninvestable, but it does raise the bar for due diligence.
From an investor standpoint, 26,945 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.
Experienced landlords with local relationships tend to find 82601 workable. Turnkey investors from out of state usually find the numbers do not hold up in practice.
Here's what matters if you're considering buying a home in Casper:
Property Strategy for 82601
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $158,603 | $790 | 3.6% | +5.7% | $158,603 |
| 2BR | $219,536 | $970 | 3.2% | +7.1% | $109,768 |
| 3BR | $298,668 | $1,350 | 3.3% | +6.6% | $99,556 |
| 4BR | $339,887 | $1,630 | 3.5% | +6.6% | $84,972 |
| 5BR | $446,240 | — | — | +6.9% | $89,248 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 82601 Compare?
| Metric | 82601 | Casper | Casper, WY | Wyoming |
|---|---|---|---|---|
| Home Value | $290,863 | $194,526 | N/A | $359,462 |
| 5-Year CAGR | 5.5% | 5.3% | N/A | 6.2% |
| Avg Rent | $1,126 | $1,369 | N/A | - |
| Cap Rate | 3.0% | 3.3% | - | - |
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 82601 (Casper, WY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $290,863 |
| Monthly Rent | $1,126 |
| Price-to-Rent | 21.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.7% |
| Cap Rate | 3.0% |
| 5-Year IRR | 8.6% |
📈 Home Appreciation
| 1-Year | +3.1% ▲ |
| 3-Year CAGR | +4.7% ▲ |
| 5-Year CAGR | +5.5% ▲ |
| 10-Year CAGR | +4.2% ▲ |
🏠 Rent Trends
| 1-Year | +3.5% ▲ |
| 3-Year CAGR | +6.2% ▲ |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.0%). 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 82601
Population: 26,945
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 82601
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 approach is best for Casper, WY real estate?
Most investors in Casper, WY run a careful cash-flow rentals with hands-on management strategy. It aligns with the 3.0/5 investability profile and the market fundamentals.
Is the tenant base reliable in Casper, WY?
Working renters make up the core of the Casper, WY tenant base. The pool is reasonable for investors targeting long-term holds.
Where do home prices stand in Casper, WY?
Homes in Casper, WY typically sell near $291K. Prices have moved at a 0.0% 5-year CAGR, which measured long-term demand.
Is Casper, WY suited for a house hack?
Casper, WY offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $1,126/mo rent level.
Should investors consider Casper, WY?
Our data puts Casper, WY at 3.0/5 for investability. Home prices of $291K and rents around $1,126/mo create a solid backdrop for investor activity.
You know 82601 now. You don’t know where it ranks.
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How 82601 ranks in Casper, WY
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