Housing Market in Wyoming
Wyoming's statewide housing market runs genuinely affordable -- a $338,888 average home value (2026), below the roughly $355,000-$375,000 range commonly cited nationally -- but that single figure blends the state's typical markets with Jackson/Teton County's real, extreme multi-million-dollar outlier.
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Learn moreThe statewide number, and what it actually reflects
Zillow's Wyoming statewide average home value ran $338,888 in 2026, up 3.3% year-over-year -- genuinely below the national average commonly cited in 2026 sources. That figure describes the state's typical markets: Cheyenne (average value around $392,827, up 3.4% YoY), Laramie County broadly (around $389,946, up 3.8% YoY), Sheridan (around $438,622, up 1.3% YoY), and Gillette (around $339,551, though down 4.7% YoY, reflecting the coal-and-gas-adjacent local economy's real, disclosed recent softness).
Jackson/Teton County is a completely different market
Jackson's median home sale price ran $2,098,858 for the three months ending June 2026 (up 4.9% year-over-year), and Teton County's average home value ran $2,183,176 (up 0.8% YoY) -- driven by the area's national-park-adjacent scarcity, resort and second-home demand, and a genuine, well-documented shortage of buildable private land, since most of Teton County is federal forest and park land. This is not a market a typical Wyoming relocation budget should anchor on.
What this means for a home search
Anchor any Wyoming home-buying budget on the specific city or county you're targeting rather than the statewide average -- the gap between Gillette ($339,551) and Jackson ($2.1M+) within the same state is enormous, and effective property tax rates (see the property-taxes topic) also vary meaningfully by county, though generally far less dramatically than home prices themselves.
Key takeaways
- Wyoming's statewide average home value ran $338,888 in 2026 (up 3.3% YoY), below the roughly $355,000-$375,000 range commonly cited nationally.
- Typical Wyoming markets run $340,000-$440,000 (Cheyenne, Laramie County, Sheridan, Gillette); Jackson/Teton County runs $2.1M+, a real, extreme statewide outlier.
- Gillette's average value fell 4.7% year-over-year, reflecting real, disclosed softness in the coal-and-gas-adjacent local economy.
- Budget off your specific target city or county, not the statewide average -- the price gap between Wyoming's typical markets and Jackson is enormous.
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