Natrona County, Wyoming Housing Market

In Natrona County, Wyoming, the median home value is $273,000, with a median monthly rent of $1,016. This places Natrona County at #764 nationally out of 3134 counties by median home value, and #14 within Wyoming.

Median Home Value $273,000
Median Rent $1,016/mo
Owner Occupancy 73.7%
Price/Rent Ratio 22.4

📈 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 Natrona County rose +4.1% year-over-year as of 2025. (Source: FHFA)

📍 Economic Snapshot

💼

Employment & Wages

34,468
jobs (private sector)
  • Avg weekly wage: $1,220
  • Establishments: 3,928
  • BLS QCEW, 2025
🏗️

Housing Supply

199
new units authorized (2025)
  • Single-family: 197
  • Multi-family: 2
  • U.S. Census Bureau, Building Permits Survey
🚚

Migration Patterns

+2720
net migration (filers, 2021-2022)
  • Inflow: 34,210 (avg $94,158)
  • Outflow: 31,490 (avg $92,483)
  • IRS Statistics of Income

📍 Sub-Market Activity

Top 3 active ZIP codes in Natrona County · Latest: 2025

# ZIP Code HPI YoY Change Latest Year
1 82601 327.2 +5.30% 2025
2 82604 319.0 +3.41% 2025
3 82609 306.9 +0.53% 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 Natrona County Compares

MetricNatrona CountyWyoming AverageU.S. Average
Median Home Value $273,000 $346,991 $227,706
Median Gross Rent $1,016 $941 $968
Owner Occupancy Rate 73.7% 73.6% 73.3%
Price/Rent Ratio 22.4 28.8 18.7

Market Analysis

The median home value in Natrona County is 21.3% below the Wyoming state average and 19.9% above the U.S. national average. The median rent of $1,016/month is 8.0% above the state average.

With a price-to-rent ratio of 22.4, renting is generally more cost-effective than buying in the short to medium term. The market favors buyers only for long-term holds.

Natrona County has an owner-occupancy rate of 73.7%, 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
Otter Tail County Minnesota $273,000 $868
Boone County Missouri $272,800 $1,088
Franklin County Florida $273,300 $1,049
Adams County Washington $273,300 $877
Stearns County Minnesota $273,400 $1,068

Other Counties in Wyoming

CountyMedian Home ValueMedian RentOwner Occ.
Fremont County $268,800 $898 70.1%
Campbell County $279,100 $1,009 77.7%
Crook County $285,800 $852 78.1%
Uinta County $290,000 $900 76.6%
Converse County $292,700 $866 77.3%

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).