The 10 Best Places To Buy A House In Wyoming For 2022


Using science and data, we can tell you which places in Wyoming have seen home prices rising and people flocking over the past year.

Editor’s note: This is not investment advice and we are not financial advisers. Article updated for 2022.

There's a the age old question everyone thinks about when they decide to move to a city in Wyoming:

Should I buy a place or rent? Well, we aren't here today to solve that problem for you exactly. We are just assuming you'll do the right thing and a buy a place. And while we are happy to tell you the best place to live in Wyoming, this analysis is going to tackle the question of the best place to buy a house as an investor. That is we are going to try and determine the up and coming cities in the Equality State.

To do that we are going to look at places in Wyoming that are growing faster than average, but where home prices are below average. In every day terms, the "deals". The best deal in Wyoming at the moment? That would be Worland according to our analysis.

Here's a look at the top ten places to buy a home in Wyoming for 2022.

The 10 Best Places To Buy A Home In Wyoming For 2022

  1. Worland
  2. Powell
  3. Douglas
  4. Torrington
  5. Lander
  6. Rawlins
  7. Cody
  8. Jackson
  9. Riverton
  10. Evanston

What's the best place to buy a home in Wyoming for 2022? According to our analysis, would the the ideal place to buy a home looking into the future.

The methodology that wen't into this can be a bit complicated, so we'll break it down for you in as much detail as we can below. If you're not worried about finding a deal on good places to live, check out the most expensive places to live in Wyoming and, for those of you on a budget, the cheapest places to live in Wyoming.

For more Wyoming reading, check out:

The 10 Best Cities To Buy A House In Wyoming For 2022

1. Worland

Worland, WY

Source: Wikipedia User Sam Beebe | CC BY 2.0
Overall SnackAbility

7
/10

Population: 5,112
Median Home Price: $152,000
Population Change: -1.3%
Home Price Change: 4.2%
More on Worland: Photos | Homes For Sale | Data

2. Powell

Powell, WY

Source: Wikipedia User Montanabw | CC BY-SA 4.0
Overall SnackAbility

7
/10

Population: 6,238
Median Home Price: $198,300
Population Change: -0.9%
Home Price Change: 3.8%
More on Powell: Photos | Homes For Sale | Data

3. Douglas

Douglas, WY

Source: Wikipedia User Wusel007 | GFDL
Overall SnackAbility

6
/10

Population: 6,369
Median Home Price: $209,800
Population Change: -0.4%
Home Price Change: 13.6%
More on Douglas: Photos | Homes For Sale | Data

4. Torrington

Torrington, WY

Source: Wikipedia User Chris Light (talk) | CC BY-SA 3.0
Overall SnackAbility

6
/10

Population: 6,597
Median Home Price: $160,800
Population Change: -1.2%
Home Price Change: 7.1%
More on Torrington: Photos | Homes For Sale | Data

5. Lander

Lander, WY

Source: Wikipedia User Charles Willgren from For | CC BY 2.0
Overall SnackAbility

8.5
/10

Population: 7,533
Median Home Price: $239,400
Population Change: -0.3%
Home Price Change: 10.9%
More on Lander: Photos | Homes For Sale | Data

6. Rawlins

Rawlins, WY

Source: Wikipedia User Richard Bauer | CC BY 2.0
Overall SnackAbility

7
/10

Population: 8,716
Median Home Price: $180,500
Population Change: -1.2%
Home Price Change: 5.1%
More on Rawlins: Photos | Homes For Sale | Data

7. Cody

Cody, WY

Source: Wikipedia User Leonard J. DeFrancisci | CC BY-SA 3.0
Overall SnackAbility

8.5
/10

Population: 9,810
Median Home Price: $240,300
Population Change: 0.5%
Home Price Change: 1.4%
More on Cody: Photos | Homes For Sale | Data

8. Jackson

Jackson, WY

Source: Public domain
Overall SnackAbility

8
/10

Population: 10,585
Median Home Price: $702,700
Population Change: 0.3%
Home Price Change: 7.8%
More on Jackson: Photos | Homes For Sale | Data

9. Riverton

Riverton, WY

Source: Public domain
Overall SnackAbility

7
/10

Population: 10,913
Median Home Price: $156,700
Population Change: 0.2%
Home Price Change: -0.1%
More on Riverton: Photos | Homes For Sale | Data

10. Evanston

Evanston, WY

Source: Wikipedia User Tricia Simpson | CC BY-SA 3.0
Overall SnackAbility

6
/10

Population: 11,727
Median Home Price: $169,300
Population Change: -1.0%
Home Price Change: -0.1%
More on Evanston: Photos | Homes For Sale | Data

Methodology: How do you determine the best places to buy a home in Wyoming for 2022?

We were in real estate for almost five years and have been working on this site for another three. Suffice is to say, we've put a lot of thought into what goes into finding a good place to buy a home.

So all that thinking has come to this moment where we get to spell out how we'd approach finding an up-and-coming place to live in Wyoming. Put differently, the analysis will try to find places in Wyoming with undervalued homes relative to pent up demand.

Best Counties To Live In Wyoming

To do that we looked at the most recent American Community Survey Census data for 2016-2020 and compared it to the previous vintage (2012-2016). Specifically, we used the following criteria:

  • Y-o-Y Change In Population (People want to live here)
  • Y-o-Y Change In Median Home Prices (People are willing to pay for it)
  • Home Prices Relative To The State Average (It's still kinda cheap)

We want places that are growing, have seen home prices increase in recent years, and are still "cheap" for Wyoming with the following caveats:

So of the 0 cities and towns in Wyoming, only 17 places made it through our initial filters to even be considered.

We then ranked each place from 1 to 17 for the criteria mentioned above with 1 being the best for that criteria. We averaged the rankings to create a "best place to buy" index with the place having the lowest index being the best. You can download the data here.

Turns out that Worland is the best potential gem in the not-so-rough in the Equality State.

Read on for more on these places.

Summary: The Best Places To Purchase A House In Wyoming for 2022

There's our analysis of the best places to buy a house in Wyoming. And, to be clear, we aren't necessarily saying these places are the best places to live, just that it looks like they might be in a couple of years based on the data.

In fact, every place in the following table meets our criteria, so even though it may not look super long, remember we started off with all 0 places in the state.

So if we'd could rent or buy in these cities, we'd definitely buy.

For more Wyoming reading, check out:

Home Prices By City In Wyoming

City Rank Median Home Price Population Change Home Price Increase
Worland 1 $152,000 -1.3% 4.2%
Powell 2 $198,300 -0.9% 3.8%
Douglas 3 $209,800 -0.4% 13.6%
Torrington 4 $160,800 -1.2% 7.1%
Lander 5 $239,400 -0.3% 10.9%
Rawlins 6 $180,500 -1.2% 5.1%
Cody 7 $240,300 0.5% 1.4%
Jackson 8 $702,700 0.3% 7.8%
Riverton 9 $156,700 0.2% -0.1%
Evanston 10 $169,300 -1.0% -0.1%
Green River 11 $221,800 -0.4% 3.7%
Sheridan 12 $235,600 0.5% 3.2%
Rock Springs 13 $205,300 -0.3% -3.1%
Gillette 14 $217,400 -1.0% 0.5%
Laramie 15 $225,400 0.4% 4.2%
Casper 16 $213,900 -0.3% 3.1%
Cheyenne 17 $229,100 0.8% 6.9%
Download The Entire Wyoming Ranking Data

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About Chris Kolmar

Chris Kolmar has been in the real estate business for almost ten years now. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks.

He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move.

If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already.

You can find out more about him on LinkedIn or his website.

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