Real Estate Investing in Buffalo, Wyoming (82834)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 82834 (Buffalo, 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.
- Elevated vacancy: 11.1% vacancy may signal weakening demand.
- High price-to-rent: Price-to-rent ratio 34.9 — hard to cash-flow at these prices.
• Modeled rent — no observed market rent for this ZIP; the figure is estimated from HUD fair-market rent.
What’s happening in Buffalo, WY (82834)?
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Market Analysis: 82834 Buffalo
The 82834 ZIP covers a section of Buffalo that demands careful diligence. Prices near $418K look accessible, but the work to make a deal cash flow is real.
Distressed markets are won on execution, not on spreadsheets. ZIP 82834 sits at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
In the broader WY picture, 82834 is a reminder that not every low-priced ZIP is a value-add opportunity — some are simply distressed, and the difference matters.
A notable renter share of 31% in 82834 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
New investors are better served looking at Buffalo's stable or hybrid ZIPs before stepping into 82834. The learning curve here is expensive when the lesson is wrong.
Here's what matters if you're considering buying a home in Buffalo:
Property Strategy for 82834
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $262,531 | $850 | 2.3% | — | $262,531 |
| 2BR | $310,322 | $1,110 | 2.6% | +8.6% | $155,161 |
| 3BR | $418,289 | $1,360 | 2.3% | +8.0% | $139,430 |
| 4BR | $468,519 | $1,830 | 2.8% | +7.9% | $117,130 |
| 5BR | $598,370 | — | — | +8.1% | $119,674 |
Market Trends
Home Value History (with trend line)
📊 How Does 82834 Compare?
| Metric | 82834 | Buffalo | Wyoming |
|---|---|---|---|
| Home Value | $418,283 | $418,283 | $359,462 |
| 5-Year CAGR | 6.1% | 6.1% | 6.2% |
| Avg Rent | $999 | $999 | - |
| Cap Rate | 1.9% | 1.9% | - |
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 82834 (Buffalo, WY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $418,283 |
| Monthly Rent | $999 |
| Price-to-Rent | 34.9:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.9% |
| Cap Rate | 1.9% |
| 5-Year IRR | 7.9% |
📈 Home Appreciation
| 1-Year | +5.6% ▲ |
| 3-Year CAGR | +4.2% ▲ |
| 5-Year CAGR | +6.1% ▲ |
| 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 (1.9%). 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 82834
Population: 7,699
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 82834
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 much do tenants pay in Buffalo, WY?
Investors in Buffalo, WY typically see rents near $999/mo per month against $418K home values - a solid setup for rental cash flow.
How strong is the working-renter base in Buffalo, WY?
Buffalo, WY offers a measured renter base at the $999/mo rent level. Tenant turnover is reasonable for well-managed properties.
How does Buffalo, WY rate as a rental market?
Our data puts Buffalo, WY at 3.0/5 for investability. Home prices of $418K and rents around $999/mo create a solid backdrop for investor activity.
Are there empty rentals in Buffalo, WY?
Vacancy risk in Buffalo, WY is elevated. That supports steady cash flow for typical rental holds.
How much does a house cost in Buffalo, WY?
Median home price in Buffalo, WY is near $418K, with a 5-year CAGR of 0.0%. Prices have been measured and supportive of buy-and-hold strategies.
You know 82834 now. You don’t know where it ranks.
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