Best Places to Buy Rental Property in Wyoming (2026)

There is no honest way to rank Wyoming cities by rental return without rent data, and this page does not have it. What it does have is transaction evidence: the median price homes actually closed at inside each city's limits, and how many closings happened. That answers the two questions that come before any cash flow analysis, what it costs to get in and whether you can get back out. One caveat before the numbers: Resideline currently tracks enough closings inside Wyoming city limits to report on 3 markets. That is coverage, not a ranking, and the list below is ordered by price for readability rather than to suggest one is a better buy than another.

What this page measures, and what it does not

Every city below cleared at least 50 closings in its reporting window, which filters out markets too thin to read. They are listed cheapest first by median closed price, from $335,000 to $399,000. Note the bar: Wyoming does not have 5 municipalities with 100 or more tracked closings, so this page uses a 50-closing floor and says so rather than padding the list. You will not find rent estimates, rent-to-price ratios, cap rates, cash-on-cash projections or gross yield rankings here. Resideline does not have verified rent data for these cities, so publishing those numbers would be invention rather than analysis. Entry price and transaction volume are what the data supports. Every figure describes closings inside the city limits, not the wider postal area that shares the city's name. The two can differ a lot: a postal area usually reaches into surrounding townships, which pulls the median toward whatever those townships are worth. Wyoming's statewide median closed price is $411,750 across 2,106 tracked closings.

The markets we cover

1. Casper, $335,000, 194 closings

At $335,000 the entry price is about 81 percent of the Wyoming median. Resideline tracked 194 closings there over the last last six months, roughly 32 a month. About 95 percent of those closings are houses, so the figure describes that segment rather than every property type. Full detail is on the Casper market page.

2. Cheyenne, $379,000, 725 closings

At $379,000 the entry price is about 92 percent of the Wyoming median. Resideline tracked 725 closings there over the last last six months, roughly 121 a month. Full detail is on the Cheyenne market page.

3. Laramie, $399,000, 231 closings

At $399,000 the entry price is about 97 percent of the Wyoming median. Resideline tracked 231 closings there over the last last six months, roughly 38 a month. Full detail is on the Laramie market page.

How to use this list

Treat it as a shortlist, not an answer. A citywide median cannot price a specific address: property type, size, condition and location move a number far more than the city line does. Run any address on this list through Resideline for the comparable set behind its value.

Figures last updated August 23, 2026 from closings Resideline tracked.