Sublette County, Wyoming Housing Market

In Sublette County, Wyoming, the median home value is $376,200, with a median monthly rent of $1,209. This places Sublette County at #350 nationally out of 3134 counties by median home value, and #4 within Wyoming.

Median Home Value $376,200
Median Rent $1,209/mo
Owner Occupancy 83.6%
Price/Rent Ratio 25.9

📈 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 Sublette County rose +1.6% year-over-year as of 2025. (Source: FHFA)

📍 Economic Snapshot

💼

Employment & Wages

2,729
jobs (private sector)
  • Avg weekly wage: $1,341
  • Establishments: 552
  • BLS QCEW, 2025
🏗️

Housing Supply

103
new units authorized (2025)
  • Single-family: 101
  • Multi-family: 2
  • U.S. Census Bureau, Building Permits Survey
🚚

Migration Patterns

+535
net migration (filers, 2021-2022)
  • Inflow: 3,880 (avg $104,599)
  • Outflow: 3,345 (avg $105,833)
  • IRS Statistics of Income

📍 Sub-Market Activity

Top 1 active ZIP codes in Sublette County · Latest: 2025

# ZIP Code HPI YoY Change Latest Year
1 82941 274.0 +4.79% 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 Sublette County Compares

MetricSublette CountyWyoming AverageU.S. Average
Median Home Value $376,200 $346,991 $227,706
Median Gross Rent $1,209 $941 $968
Owner Occupancy Rate 83.6% 73.6% 73.3%
Price/Rent Ratio 25.9 28.8 18.7

Market Analysis

The median home value in Sublette County is 8.4% above the Wyoming state average and 65.2% above the U.S. national average. The median rent of $1,209/month is 28.5% above the state average.

With a price-to-rent ratio of 25.9, Sublette 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.

Sublette County has an owner-occupancy rate of 83.6%, 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
Boone County Indiana $376,200 $1,359
Linn County Oregon $376,400 $1,320
Adams County Idaho $376,500 $830
Parker County Texas $375,900 $1,500
Belknap County New Hampshire $374,900 $1,167

Other Counties in Wyoming

CountyMedian Home ValueMedian RentOwner Occ.
Lincoln County $372,600 $960 77.0%
Sheridan County $394,900 $939 70.7%
Park County $400,500 $925 75.3%
Laramie County $348,700 $1,160 70.6%
Albany County $333,000 $931 50.0%

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).