Real Estate Investing in Lyman, Wyoming (82937)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 82937 (Lyman, 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.
- Elevated vacancy: 10.3% vacancy may signal weakening demand.
- High price-to-rent: Price-to-rent ratio 26.8 — 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 Lyman, WY (82937)?
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Market Analysis: 82937 Lyman
This part of Uinta County is not an easy win. The 82937 ZIP reports softness in key indicators, and the playbook that works in cleaner markets often stalls here.
On balance, the numbers look inviting — $321K purchase price, 0.0% nominal cap — the work to hit that pro forma in 82937 is substantial and deserves full respect.
From an investor standpoint, 82937 offers a low basis, the region around Lyman has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
The 82937 ZIP's population of 3,236 has faced economic pressure over the last decade. That pressure shows up in rent delinquency patterns that stands at the need for careful underwriting.
The right play in 82937 usually involves deep tenant screening, aggressive delinquency response, and a conservative capex buffer. Anything less, and the discount can turn into a trap.
Here's what matters if you're considering buying a home in Lyman:
Property Strategy for 82937
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 3BR | $301,212 | $1,540 | 3.7% | +8.0% | $100,404 |
| 4BR | $375,698 | $1,690 | 3.2% | +8.0% | $93,925 |
Market Trends
Home Value History (with trend line)
📊 How Does 82937 Compare?
| Metric | 82937 | Lyman | Evanston, WY | Wyoming |
|---|---|---|---|---|
| Home Value | $320,809 | $320,809 | N/A | $359,462 |
| 5-Year CAGR | 6.8% | 6.8% | N/A | 6.2% |
| Avg Rent | $999 | $999 | N/A | - |
| Cap Rate | 2.4% | 2.4% | - | - |
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 82937 (Lyman, WY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $320,809 |
| Monthly Rent | $999 |
| Price-to-Rent | 26.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 3.7% |
| Cap Rate | 2.4% |
| 5-Year IRR | 9.2% |
📈 Home Appreciation
| 1-Year | +7.9% ▲ |
| 3-Year CAGR | +5.8% ▲ |
| 5-Year CAGR | +6.8% ▲ |
| 10-Year CAGR | +6.1% ▲ |
🏠 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 (2.4%). 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 82937
Population: 3,236
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 82937
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 tight is the rental market in Lyman, WY?
Vacancy risk in Lyman, WY is elevated. That supports steady cash flow for typical rental holds.
Are landlord laws favorable in Lyman, WY?
Lyman, WY operates under WY law, which is landlord-friendly overall for landlords. Expect reliable treatment in typical lease and eviction cases.
What do landlords charge for rent in Lyman, WY?
Expect rents around $999/mo per month in Lyman, WY. With home values at $321K, the yield math works out to reasonable levels for rental investors.
What real estate strategy is ideal for Lyman, WY?
For Lyman, WY, careful cash-flow rentals with hands-on management is the standard investor playbook. The market structure makes it a reasonable default approach.
Does Lyman, WY make sense for an investment property?
With a 3.0/5 investability score, Lyman, WY ranks as a solid market for rental property investors. Median prices of $321K and rents of $999/mo drive the underlying numbers.
You know 82937 now. You don’t know where it ranks.
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