Real Estate Investing in Hulett, Wyoming (82720)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 82720 (Hulett, 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: 18.7% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 44.5 — hard to cash-flow at these prices.
• Limited market data — this is a very small market; averages are built from few observations and can swing widely. • Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Hulett, WY (82720)?
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Market Analysis: 82720 Hulett
This part of Crook County is not an easy win. The 82720 ZIP comes in at softness in key indicators, and the playbook that works in cleaner markets often stalls here.
The 82720 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
Nearby ZIPs in Hulett have seen price recovery that 82720 has not matched. Crook County data supports the view that the spread is structural rather than temporary.
A impressive renter share of 16% in 82720 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Distressed ZIPs reward experience. robust returns are possible in 82720, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Hulett:
Market Trends
Home Value History (with trend line)
📊 How Does 82720 Compare?
| Metric | 82720 | Hulett | Gillette, WY | Wyoming |
|---|---|---|---|---|
| Home Value | $460,847 | $460,847 | N/A | $359,462 |
| 5-Year CAGR | 10.2% | 10.2% | N/A | 6.2% |
| Avg Rent | $864 | $864 | N/A | - |
| Cap Rate | 1.5% | 1.5% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 82720 (Hulett, WY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $460,847 |
| Monthly Rent | $864 |
| Price-to-Rent | 44.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.3% |
| Cap Rate | 1.5% |
| 5-Year IRR | 11.7% |
📈 Home Appreciation
| 1-Year | +12.2% ▲ |
| 3-Year CAGR | +9.8% ▲ |
| 5-Year CAGR | +10.2% ▲ |
| 10-Year CAGR | +8.3% ▲ |
🏠 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 (1.5%). 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 82720
Population: 952
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 82720
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
Is it easy to find good tenants in Hulett, WY?
Hulett, WY offers a consistent renter base at the $864/mo rent level. Tenant turnover is reasonable for well-managed properties.
How quickly do rentals get leased in Hulett, WY?
Hulett, WY sees elevated vacancy, which is reasonable relative to the broader WY rental market.
What price range are homes in Hulett, WY?
In Hulett, WY the median home value sits at $461K. Against the broader WY market, that reads as reasonable for most investors.
Which investment style suits Hulett, WY?
Most investors in Hulett, 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 rental property easy to operate in Hulett, WY?
WY ranks as a landlord-friendly state for landlord-tenant law. Hulett generally follows the statewide framework, so landlords face reasonable operating rules.
You know 82720 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 82720 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 82720 ranks in Gillette, WY
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