Carbon County, Wyoming Housing Market

In Carbon County, Wyoming, the median home value is $222,700, with a median monthly rent of $842. This places Carbon County at #1158 nationally out of 3134 counties by median home value, and #19 within Wyoming.

Median Home Value $222,700
Median Rent $842/mo
Owner Occupancy 76.3%
Price/Rent Ratio 22.0

📈 Price Trend (2017 → 2024)

📊 Recent Market Momentum (FHFA HPI)

FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025

💡 Year-over-Year Trend: Home prices in Carbon County rose +3.2% year-over-year as of 2025. (Source: FHFA)

📍 Economic Snapshot

💼

Employment & Wages

4,614
jobs (private sector)
  • Avg weekly wage: $1,194
  • Establishments: 618
  • BLS QCEW, 2025
🏗️

Housing Supply

30
new units authorized (2025)
  • Single-family: 30
  • Multi-family: 0
  • U.S. Census Bureau, Building Permits Survey
🚚

Migration Patterns

+560
net migration (filers, 2021-2022)
  • Inflow: 6,125 (avg $87,487)
  • Outflow: 5,565 (avg $84,062)
  • IRS Statistics of Income

📍 Sub-Market Activity

Top 2 active ZIP codes in Carbon County · Latest: 2025

# ZIP Code HPI YoY Change Latest Year
1 82331 301.1 +9.09% 2025
2 82301 265.3 -0.14% 2025

Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.

How Carbon County Compares

MetricCarbon CountyWyoming AverageU.S. Average
Median Home Value $222,700 $346,991 $227,706
Median Gross Rent $842 $941 $968
Owner Occupancy Rate 76.3% 73.6% 73.3%
Price/Rent Ratio 22.0 28.8 18.7

Market Analysis

The median home value in Carbon County is 35.8% below the Wyoming state average and 2.2% below the U.S. national average. The median rent of $842/month is 10.5% below the state average.

With a price-to-rent ratio of 22.0, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.

Carbon County has an owner-occupancy rate of 76.3%, compared to 73.6% in Wyoming and 73.3% nationally. This indicates a more homeowner-heavy market than the U.S. average.

Similar Counties by Home Value

CountyStateMedian Home ValueMedian Rent
Polk County Minnesota $222,800 $855
Fond du Lac County Wisconsin $222,800 $960
Bulloch County Georgia $222,500 $995
Gordon County Georgia $222,900 $937
Ripley County Indiana $222,500 $839

Other Counties in Wyoming

CountyMedian Home ValueMedian RentOwner Occ.
Weston County $221,700 $698 86.8%
Niobrara County $221,500 $605 61.8%
Hot Springs County $227,500 $887 72.7%
Big Horn County $216,500 $823 75.9%
Washakie County $206,000 $720 74.2%

Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).