Platte County, Wyoming Housing Market
In Platte County, Wyoming, the median home value is $297,900, with a median monthly rent of $781. This places Platte County at #639 nationally out of 3134 counties by median home value, and #9 within Wyoming.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,121
- Establishments: 385
- BLS QCEW, 2025
Housing Supply
- Single-family: 34
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 3,848 (avg $73,486)
- Outflow: 3,395 (avg $74,942)
- IRS Statistics of Income
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| Metric | Platte County | Wyoming Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $297,900 | $346,991 | $227,706 |
| Median Gross Rent | $781 | $941 | $968 |
| Owner Occupancy Rate | 76.1% | 73.6% | 73.3% |
| Price/Rent Ratio | 31.8 | 28.8 | 18.7 |
Market Analysis
The median home value in Platte County is 14.1% below the Wyoming state average and 30.8% above the U.S. national average. The median rent of $781/month is 17.0% below the state average.
With a price-to-rent ratio of 31.8, Platte County is a strongly rent-favored market. Home prices are high relative to rents, meaning renting is typically far cheaper than owning in the near term.
Platte County has an owner-occupancy rate of 76.1%, 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
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Cass County | North Dakota | $298,000 | $958 |
| Fairbanks North Star Borough | Alaska | $298,200 | $1,459 |
| Washington County | Nebraska | $297,600 | $965 |
| Washington County | Arkansas | $298,400 | $1,071 |
| Bedford County | Virginia | $297,400 | $952 |
Other Counties in Wyoming
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Converse County | $292,700 | $866 | 77.3% |
| Uinta County | $290,000 | $900 | 76.6% |
| Crook County | $285,800 | $852 | 78.1% |
| Campbell County | $279,100 | $1,009 | 77.7% |
| Natrona County | $273,000 | $1,016 | 73.7% |
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).