Wyoming
Ranked #25 of 51 for housing affordability
Median Home Price
🏠$299K
4.12x income
Median Rent
🔑$1,000
27.5% rent-burdened
Median Income
💰$72K
Population: 576,851
Homeownership
🏡71.0%
612 experiencing homelessness
Housing Shortage
📉5,000
units needed
Building Permits (2024)
🔨2,135
Price-to-Income
📊4.12x
Severe Rent Burden
⚠️11.5%
paying >50% of income
Rent Burden Breakdown
vs. National Average
House Price Index (2000–2025)
FHFA All-Transactions HPI · Base = 100 (1980s)
HUD Fair Market Rents (FY2026)
Maximum rent HUD considers fair for Section 8 voucher holders
FMR ($1067) is above the state median rent ($1000) — vouchers cover typical rents.
Metros in Wyoming
Market Trends
Homeownership Rate
71.0%
Rent-to-Income Ratio
17.0%
of gross income spent on rent
Total Households
247,368
Owner-Occupied
176,197
Renter-Occupied
71,171
Homelessness
Latest Count (2024)
501
1-Year Change
-5.8%
10-Year Trend (2015–2024)
-37.2%
798 → 501
Housing Policies
Construction Activity
Total Permits (2024)
2,135
0.2% of national total
Single-Family
1,632
76% of state permits
Multi-Family
503
24% of state permits
Mortgage Access
National HMDA data — mortgage denial rates by race/ethnicity
Denial Rates by Race
Top Denial Reasons
Housing Shortage
State Shortage
5,000
units needed
National Shortage
7,300,000
0.1% of national total
Affordable Units per 100 ELI Renters
35
nationally (NLIHC)
National Shortage by Unit Type
45%
Single-Family
18%
Small Multi (2-4)
22%
Medium Multi (5-49)
15%
Large Multi (50+)
Rent Burden Detail
Wyoming burden rates with national demographic breakdown
Cost-Burdened Renters
27.5%
paying >30% of income
Severely Burdened
11.5%
paying >50% of income
Households >30% Burden
12,481
Households >35% Burden
6,601