Real Estate Investing in Wright, Wyoming (82732)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 82732 (Wright, 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: 38.0% 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 Wright, WY (82732)?
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Market Analysis: 82732 Wright
The 82732 ZIP in Wright, WY is a local-operator market. Outside capital chasing a $279K entry has to pair deep knowledge with the discount.
The 82732 ZIP can work — but only with a tight operating hand. Remote landlords and passive investors tend to struggle here more than the underwriting suggests.
In the broader WY picture, 82732 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
Who lives in 82732 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
The 82732 ZIP fits a narrow investor profile — hands-on, patient, and willing to accept that the cap rate on paper is not the cap rate in reality.
Here's what matters if you're considering buying a home in Wright:
Property Strategy for 82732
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $272,017 | $1,510 | 4.0% | +6.8% | $90,672 |
| 4BR | $296,901 | $1,920 | 4.7% | +6.3% | $74,225 |
Market Trends
Home Value History (with trend line)
📊 How Does 82732 Compare?
| Metric | 82732 | Wright | Gillette, WY | Wyoming |
|---|---|---|---|---|
| Home Value | $279,099 | $279,099 | N/A | $359,462 |
| 5-Year CAGR | 4.9% | 4.9% | N/A | 6.2% |
| Avg Rent | $1,035 | $1,035 | N/A | - |
| Cap Rate | 2.9% | 2.9% | - | - |
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 82732 (Wright, WY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $279,099 |
| Monthly Rent | $1,035 |
| Price-to-Rent | 22.5:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.5% |
| Cap Rate | 2.9% |
| 5-Year IRR | 7.8% |
📈 Home Appreciation
| 1-Year | -2.2% ▼ |
| 3-Year CAGR | +5.0% ▲ |
| 5-Year CAGR | +4.9% ▲ |
| 10-Year CAGR | +3.7% ▲ |
🏠 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 82732
Population: 1,559
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 82732
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 should investors approach Wright, WY?
Most investors in Wright, 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.
Should investors worry about vacancy in Wright, WY?
Wright, WY sees elevated vacancy, which is reasonable relative to the broader WY rental market.
How expensive is real estate in Wright, WY?
Median home price in Wright, WY is near $279K, with a 5-year CAGR of 0.0%. Prices have been steady and supportive of buy-and-hold strategies.
Is Wright, WY good for landlords?
Wright, WY falls under WY landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
How much is rent in Wright, WY?
Rents in Wright, WY run near $1,035/mo. Compared with median home prices of $279K that produces solid gross yields for typical rentals.
You know 82732 now. You don’t know where it ranks.
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How 82732 ranks in Gillette, WY
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