Real Estate Investing in Rock Springs, Wyoming (82943)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 82943 (Rock Springs, WY)? Our answer, based on the numbers below.
Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.
A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.
- High vacancy: 27.4% of homes vacant — above national norms.
- Higher unemployment: 63.9% unemployment — tenant risk signal.
• 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 Rock Springs, WY (82943)?
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Market Analysis: 82943 Rock Springs
ZIP 82943 in Rock Springs, WY carries a impressive set of headwinds. Home values near $151K and rents of $891/mo sit inside a market where underwriting has to be tight.
From an investor standpoint, the numbers look inviting — $151K purchase price, 0.0% nominal cap — the work to hit that pro forma in 82943 is substantial and deserves full respect.
On balance, 82943 offers a low basis, the region around Rock Springs has moved on in ways that the ZIP itself has not fully absorbed. The result is a discount with genuine reasons.
Demographically, 82943 is a market where tenant selection matters more than unit finishes. Operators who understand that tend to do fine; those who do not tend to learn why the ZIP trades at a discount.
The right play in 82943 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 Rock Springs:
Market Trends
Home Value History (with trend line)
📊 How Does 82943 Compare?
| Metric | 82943 | Rock Springs | Rock Springs, WY | Wyoming |
|---|---|---|---|---|
| Home Value | $151,020 | $223,126 | N/A | $359,462 |
| 5-Year CAGR | 4.5% | 4.5% | N/A | 6.2% |
| Avg Rent | $891 | $1,020 | N/A | - |
| Cap Rate | 4.6% | 3.8% | - | - |
Similar ZIPs Within 25 Miles
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Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 82943 (Rock Springs, WY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $151,020 |
| Monthly Rent | $891 |
| Price-to-Rent | 14.1:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.1% |
| Cap Rate | 4.6% |
| 5-Year IRR | 9.1% |
📈 Home Appreciation
| 1-Year | +6.3% ▲ |
| 3-Year CAGR | +2.3% ▲ |
| 5-Year CAGR | +4.5% ▲ |
| 10-Year CAGR | +3.3% ▲ |
🏠 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 (4.6%). 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 82943
Population: 96
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
🎓 Nearby Colleges & Universities
Investor Insight: With 601 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
Is Rock Springs, WY a good market for buy-and-hold investors?
Rock Springs, WY scores 3.0/5 for investability. Home values sit at $151K and rents near $891/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.
How strong are rents in Rock Springs, WY?
Rent in Rock Springs, WY is around $891/mo. The resulting rent-to-value relationship with $151K pricing is reasonable for most investor models.
How qualified is the tenant pool in Rock Springs, WY?
Working renters make up the core of the Rock Springs, WY tenant base. The pool is reasonable for investors targeting long-term holds.
What type of investing works in Rock Springs, WY?
Most investors in Rock Springs, 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.
What does house hacking look like in Rock Springs, WY?
House hacking in Rock Springs, WY is reasonable to execute. Prices around $151K and rents of $891/mo solid owner-occupant economics.
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