Real Estate Investing in Newcastle, Wyoming (82701)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 82701 (Newcastle, 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: 24.9% 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 Newcastle, WY (82701)?
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Market Analysis: 82701 Newcastle
This part of Weston County is not an easy win. The 82701 ZIP records softness in key indicators, and the playbook that works in cleaner markets often stalls here.
Rent of $936/mo on a $249K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 82701 sits below the stated 0.0% once reality is priced in.
In the broader WY picture, 82701 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Stepping back, 5,411 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.
New investors are better served looking at Newcastle's stable or hybrid ZIPs before stepping into 82701. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Newcastle:
Property Strategy for 82701
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $168,362 | $1,040 | 4.4% | +6.1% | $84,181 |
| 3BR | $263,043 | $1,430 | 3.9% | +6.1% | $87,681 |
| 4BR | $304,697 | $1,720 | 4.1% | +6.1% | $76,174 |
Market Trends
Home Value History (with trend line)
📊 How Does 82701 Compare?
| Metric | 82701 | Newcastle | Gillette, WY | Wyoming |
|---|---|---|---|---|
| Home Value | $249,328 | $249,328 | N/A | $359,462 |
| 5-Year CAGR | 5.0% | 5.0% | N/A | 6.2% |
| Avg Rent | $936 | $936 | N/A | - |
| Cap Rate | 2.9% | 2.9% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 82701 (Newcastle, WY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $249,328 |
| Monthly Rent | $936 |
| Price-to-Rent | 22.2:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.5% |
| Cap Rate | 2.9% |
| 5-Year IRR | 7.9% |
📈 Home Appreciation
| 1-Year | +2.6% ▲ |
| 3-Year CAGR | +3.6% ▲ |
| 5-Year CAGR | +5.0% ▲ |
| 10-Year CAGR | +4.0% ▲ |
🏠 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 (2.9%). 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 82701
Population: 5,411
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 82701
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
How expensive is real estate in Newcastle, WY?
Median home price in Newcastle, WY is near $249K, with a 5-year CAGR of 0.0%. Prices have been reliable and supportive of buy-and-hold strategies.
Are landlord laws favorable in Newcastle, WY?
Rental owners in Newcastle, WY deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
How qualified is the tenant pool in Newcastle, WY?
Expect a solid tenant pool in Newcastle, WY. The rental market absorbs $936/mo rents without meaningful friction.
How high is vacancy risk in Newcastle, WY?
Newcastle, WY carries elevated vacancy risk. Expect even-keeled absorption at market rents of $936/mo.
Are rents high in Newcastle, WY?
Rents in Newcastle, WY run near $936/mo. Compared with median home prices of $249K that produces solid gross yields for typical rentals.
You know 82701 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 82701 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.
How 82701 ranks in Gillette, WY
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