Real Estate Investing in Farson, Wyoming (82932)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 82932 (Farson, WY)? Our answer, based on the numbers below.
Multiple negative signals. Better options likely exist nearby.
Structural challenges here. The numbers may look cheap but operational risk is high. Only for experienced, hands-on investors.
- High vacancy: 30.3% of homes vacant — above national norms.
- High price-to-rent: Price-to-rent ratio 40.1 — 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 Farson, WY (82932)?
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Market Analysis: 82932 Farson
The 82932 ZIP covers a section of Farson that demands careful diligence. Prices near $433K look accessible, but the work to make a deal cash flow is real.
For an experienced owner, 82932 can be a a credible choice for hunting ground — but the discount at $433K reflects genuine risk that outside investors often underestimate.
ZIP 82932's metrics run below Sweetwater 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 82932 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 82932 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 Farson:
Market Trends
Home Value History (with trend line)
📊 How Does 82932 Compare?
| Metric | 82932 | Farson | Rock Springs, WY | Wyoming |
|---|---|---|---|---|
| Home Value | $432,865 | $432,865 | N/A | $359,462 |
| 5-Year CAGR | 3.2% | 3.2% | N/A | 6.2% |
| Avg Rent | $900 | $900 | N/A | - |
| Cap Rate | 1.6% | 1.6% | - | - |
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 82932 (Farson, WY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $432,865 |
| Monthly Rent | $900 |
| Price-to-Rent | 40.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 2.5% |
| Cap Rate | 1.6% |
| 5-Year IRR | 4.9% |
📈 Home Appreciation
| 1-Year | +5.5% ▲ |
| 3-Year CAGR | +3.3% ▲ |
| 5-Year CAGR | +3.2% ▲ |
| 10-Year CAGR | +2.9% ▲ |
🏠 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 (1.6%). 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 82932
Population: 911
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 82932
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 does Farson, WY rate as a rental market?
Our data puts Farson, WY at 2.0/5 for investability. Home prices of $433K and rents around $900/mo create a solid backdrop for investor activity.
Is it easy to find good tenants in Farson, WY?
Farson, WY offers a even-keeled renter base at the $900/mo rent level. Tenant turnover is reasonable for well-managed properties.
What monthly rent should investors expect in Farson, WY?
Farson, WY rentals go for roughly $900/mo a month. That puts gross yield in solid territory relative to $433K acquisition costs.
Are landlord laws favorable in Farson, WY?
Farson, WY falls under WY landlord-tenant law, which is landlord-friendly. That backdrop makes day-to-day property management reasonable.
How tight is the rental market in Farson, WY?
Farson, WY sees elevated vacancy, which is reasonable relative to the broader WY rental market.
You know 82932 now. You don’t know where it ranks.
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How 82932 ranks in Rock Springs, WY
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