Real Estate Investing in Parkman, Wyoming (82838)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 82838 (Parkman, 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: 23.9% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 49.7 — 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 Parkman, WY (82838)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 82838 Parkman
Not every below-median market is a bargain. Parkman's 82838 ZIP registers signals that favor experienced operators who can absorb the risk $569K pricing implies.
Distressed markets are won on execution, not on spreadsheets. ZIP 82838 stands at the profile where tenant screening, deferred maintenance, and local relationships determine the outcome.
ZIP 82838's metrics run below Sheridan County's averages on price growth and tenant stability. Investors who ignore that regional gap tend to relearn it the hard way.
Who lives in 82838 is part of why the ZIP is priced as it is. The demographic profile requires hands-on management, tight screening, and local knowledge.
Experienced landlords with local relationships tend to find 82838 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 Parkman:
Market Trends
Home Value History (with trend line)
📊 How Does 82838 Compare?
| Metric | 82838 | Parkman | Sheridan, WY | Wyoming |
|---|---|---|---|---|
| Home Value | $569,265 | $569,265 | N/A | $359,462 |
| 5-Year CAGR | 7.3% | 7.3% | N/A | 6.2% |
| Avg Rent | $954 | $954 | N/A | - |
| Cap Rate | 1.3% | 1.3% | - | - |
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 82838 (Parkman, WY). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 82838 (Parkman, WY)?
~25 seconds · no account needed · your report is anonymous
📊 Market Snapshot
| Home Value | $569,265 |
| Monthly Rent | $954 |
| Price-to-Rent | 49.7:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.0% |
| Cap Rate | 1.3% |
| 5-Year IRR | 8.6% |
📈 Home Appreciation
| 1-Year | +11.5% ▲ |
| 3-Year CAGR | +6.2% ▲ |
| 5-Year CAGR | +7.3% ▲ |
| 10-Year CAGR | N/A |
🏠 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 (1.3%). 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 82838
Population: 442
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
Frequently Asked Questions
What investment strategy works best in Parkman, WY?
Investors usually favor careful cash-flow rentals with hands-on management in Parkman, WY. With home values at $569K and rents near $954/mo, other strategies can work but produce predictable rather than outsized returns.
Where do home prices stand in Parkman, WY?
Expect median prices around $569K in Parkman, WY. The market has run at a 0.0% 5-year CAGR, so entry costs have been steady.
Does Parkman, WY make sense for an investment property?
Parkman, WY comes in at an investability rating of 3.0/5, with median home values near $569K and average rents around $954/mo. That combination puts it in the impressive tier for investor interest.
Should investors worry about vacancy in Parkman, WY?
Vacancy risk in Parkman, WY is elevated. That supports consistent cash flow for typical rental holds.
How landlord-friendly is Parkman, WY?
WY law landlord-friendly for landlords, and Parkman inherits those rules. Investors should still review local ordinances for rental licensing.
You know 82838 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 82838 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 82838 ranks in Sheridan, WY
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 82838 (Parkman)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 82838 (Parkman, WY).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.