Department of Numbers

Wyoming Residential Rent and Rental Statistics

The median monthly gross residential rent in Wyoming was $832 in 2017 according to the Census ACS survey.1 Average gross rent was $819 in 2017. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2018 Wyoming median and average rent data will be released in September of 2019.

Data is also available below for Wyoming rental vacancy rates, Wyoming rent as a percent of median income and the fraction of renters in Wyoming.

Show dollars as: Nominal Real

Real Gross Rent in Wyoming (2017 dollars)2

2017 1 Year Change 3 Year Change
US Median Gross Rent $1,012 +1.61% +5.86%
Wyoming Median Gross Rent $832 -2.46% +2.59%

Wyoming Real Gross Rent Trends

Median gross rent for Wyoming peaked in real terms in 2016 at $853 and is now $21 (2.46%) lower. Average gross rent for Wyoming peaked in real terms in 2016 at $859 and is now $40 (4.66%) lower.

Real Gross Rent in Wyoming: Median, Average, US Median

Lower quartile, median and upper quartile real gross rent

Real Gross Rent History for Wyoming

Date US Median Wyoming Median Wyoming Average
2017 $1,012 $832 $819
2016 $996 $853 $859
2015 $987 $839 $825
2014 $956 $811 $812
2013 $924 $797 $786
2012 $912 $766 $760
2011 $912 $795 $787
2010 $927 $751 $707
2009 $931 $774 $747
2008 $947 $731 $701
2007 $899 $725 $709
2006 $909 $716 $684

Wyoming Rental Vacancy Rate

The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2017 the rental vacancy rate for Wyoming was 16.11% according to Census ACS data.

Rental Vacancy Rate in Wyoming

2017 1 Year Change 3 Year Change
US 6.18% +0.29% -0.14%
Wyoming 16.11% +5.28% +9.19%

Trends in Wyoming Rental Vacancy Rate

At 16.11%, Wyoming residential rental vacancy rate in 2017 is at the highest point since 2005, the beginning of our reporting for this series.

Rental Vacancy Rate: Wyoming, US

Rental vacancy rate in Wyoming

Historical Rental Vacancy Rate data for Wyoming

Date US Wyoming
2017 6.18% 16.11%
2016 5.89% 10.83%
2015 5.85% 9.97%
2014 6.32% 6.92%
2013 6.49% 8.15%
2012 6.77% 8.13%
2011 7.40% 9.05%
2010 8.17% 6.36%
2009 8.43% 7.03%
2008 7.86% 8.05%
2007 7.87% 5.25%
2006 7.70% 6.09%

Wyoming Rent as a Fraction of Income

Using median household income data for Wyoming, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Wyoming, median monthly gross rent as a fraction of median household income was 16.52% in 2017 according to the ACS.

Wyoming Median Annual Rent as a Fraction of Median Household Income

2017 1 Year Change 3 Year Change
US 20.13% -0.30% -0.76%
Wyoming 16.52% -0.31% -0.14%

Trends in Wyoming Rent as a Fraction of Income

The fraction of median Wyoming household income required to pay median monthly gross rent peaked in 2016 (relative to the 2005 series origin) at 16.83%. Since then it has fallen by 0.31% to 16.52%.

Fraction of Income towards Rent: Wyoming, US

Percent of median household income going towards median monthly gross rent in Wyoming

Historical Data for Annual Rent as a Fraction of Income in Wyoming

Date US Wyoming
2017 20.13% 16.52%
2016 20.43% 16.83%
2015 20.63% 16.24%
2014 20.89% 16.66%
2013 20.78% 15.93%
2012 20.65% 16.22%
2011 20.70% 16.17%
2010 20.50% 15.54%
2009 20.12% 15.95%
2008 19.00% 14.34%
2007 18.66% 14.75%
2006 18.90% 15.21%

Renter Fraction in Wyoming

You can calculate the renter fraction in Wyoming in at least two ways: by housing units or by population. I've gone with the housing units measure here. This measure looks at the number of renting households in Wyoming as a fraction of total Wyoming households. In 2017 29.23% of households were renters according to Census ACS data.

Wyoming Fraction of Renters by Household Units

2017 1 Year Change 3 Year Change
US 36.13% -0.75% -0.77%
Wyoming 29.23% -1.95% -3.87%

Trends in the Wyoming Renter Fraction

The Wyoming household renter fraction peaked in in 2014 at 33.10% and is now 3.87% below that level. The origin year for the series is 2005.

Fraction of Renting Households: Wyoming, US

Fraction of renters in Wyoming

History of Wyoming Renter Fraction

Date US Wyoming
2017 36.13% 29.23%
2016 36.88% 31.18%
2015 36.97% 32.04%
2014 36.90% 33.10%
2013 36.50% 30.94%
2012 36.09% 30.95%
2011 35.42% 29.35%
2010 34.65% 30.31%
2009 34.13% 29.08%
2008 33.36% 29.91%
2007 32.80% 30.74%
2006 32.73% 30.48%

1. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability.

2. Real dollars are calculated using the CPI-U less shelter series.

3. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied.