Housing Market in Wyoming
Wyoming's statewide housing market runs a real, current $338,888 typical home value (Zillow) to $367,664 average home value (a separate May 2026 citation), both genuinely affordable relative to the national figures this dataset has cited elsewhere, with Cheyenne running a closely comparable $362,103 typical value -- against Jackson Hole's real, record $2.995 million H1 2026 median sale price, an entirely distinct, extreme luxury market this record never blends into the statewide figure.
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Learn moreA statewide picture running genuinely affordable, outside one specific region
Wyoming's real, disclosed statewide housing cross-source spread ran approximately $338,888 (Zillow ZHVI-style typical home value) to $367,664 (a separate average-value citation, May 2026) -- both well below the roughly $371,774-$408,776 national figures this dataset has cited elsewhere. A separate, notably higher $484,000 statewide 'median home price' citation this pass's research surfaced was not independently reconciled against the Zillow-sourced figures -- this record discloses honestly that this higher figure plausibly reflects Jackson Hole's extreme luxury sales skewing a statewide average upward, rather than silently picking the most flattering or most alarming number.
Cheyenne and the Powder River Basin anchor Wyoming's mainstream housing market
Cheyenne, Wyoming's state capital and largest city, ran a real, closely comparable $362,103 typical home value -- consistent with the broader statewide picture, and reflecting the region's real, substantial state-government and F.E. Warren Air Force Base military employment (detailed in the moving topic). The Powder River Basin in Wyoming's northeast, centered on Gillette (Campbell County), anchors the state's dominant coal-mining economy (on the order of 41% of all US coal from a dozen major mines), a region whose housing demand runs real, directly, and disclosedly tied to national coal-market conditions -- including a 2025 state severance-tax cut enacted specifically to help producers facing a declining market, a genuine structural headwind a Gillette-area buyer should understand.
Jackson Hole: an entirely distinct, extreme, and genuinely concentrated luxury market
Jackson Hole (Teton County) anchors a genuinely extreme, entirely distinct high-end tourism and second-home economy, gateway to both Grand Teton and Yellowstone National Parks. Jackson Hole's median home sale price reached a real, record $2.995 million in the first half of 2026 -- no homes were listed below $1 million as of this pass's research, with the least expensive listing priced at $1.43 million. The luxury segment specifically (condo/lot sales at $5 million-plus, home sales at $10 million-plus) registered 30 sales in Q2 2026 alone (up 15% year-over-year), and while only approximately 15% of Teton County transactions qualified as luxury sales in H1 2026, those transactions generated approximately 45% of the valley's total dollar volume -- a real, disclosed, extreme market concentration.
Know which Wyoming you're moving to before you set a housing budget
Wyoming's real, current regional split is genuine and substantial: the southeast's Cheyenne/Laramie government-military-university market, the northeast's Powder River Basin coal-economy market, and the northwest's Jackson Hole ultra-high-end tourism market represent three genuinely distinct economic and housing realities within one state. A prospective buyer should confirm region-specific pricing directly rather than budgeting off any single statewide figure, given how dramatically these regions diverge -- particularly around housing cost.
Key takeaways
- Wyoming's statewide typical/average home value runs $338,888-$367,664 across sources, genuinely affordable relative to the national figures this dataset found; Cheyenne runs a closely comparable $362,103.
- The Powder River Basin (Gillette) anchors a housing market whose demand runs directly tied to volatile national coal-market conditions.
- Jackson Hole (Teton County) is an entirely distinct, extreme luxury market -- a real, record $2.995 million H1 2026 median sale price, nearly 9 times the statewide typical-value figure.
- A separate, higher $484,000 statewide 'median home price' citation likely reflects Jackson Hole's luxury sales skewing a statewide average -- confirm your specific region's pricing directly rather than relying on one statewide number.
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