Laramie, WY Housing Market
AI-powered market intelligence for the Laramie, WY metro area.
PropertyIQ Scores
Laramie, WY Market Analysis
Market Overview
Laramie’s real estate market is strong, with a PropertyIQ Score of 89 out of 100. The median home value is $380,541, about $8,856 above the Wyoming state average of $371,685. The rent index is $1,157, compared with a state average of $968—roughly 20% higher. Unemployment is 3.2%, matching the state average. These indicators place Laramie ahead of the state on home values and rental pricing while maintaining a stable employment base.
Supply and demand conditions are competitive. There are 112 homes for sale, and the median days on market is 42. Only 8.5% of listings have had a price cut, which is a relatively low share and suggests sellers are not under heavy pressure to reduce asking prices. The top drivers behind the 89 score—12-month home value momentum of 4.39%, 3-month momentum of 0.45%, the 42-day median days on market, and the 8.5% price-cut share—reinforce a market that is still seller-friendly.
The main caveat is affordability. Median household income in Laramie is $59,881, below the state average of $74,815. Because home values are slightly above the state average while incomes are below it, local buyers may face more financial strain than the statewide comparisons alone indicate.
Key Trends
Home value growth is moderating. The 12-month home value momentum is 4.39%, but the 3-month figure is only 0.45%, meaning appreciation has slowed in the most recent quarter. The listed year-over-year home value of $1 appears incomplete as a growth metric, so the momentum percentages are the clearest guide.
Inventory is limited and homes are selling at a steady pace. With just 112 homes for sale and median days on market at 42, the market is not oversupplied. The share of listings with a price cut is 8.5%, which suggests many sellers do not need to discount to attract buyers.
Rental demand looks stronger than the state norm. Laramie’s rent index of $1,157 is $189 above the state average of $968, or about 20% higher. That premium may support investor interest in rental properties.
Affordability is a pressure point. Median household income is $59,881, about 20% below the state average of $74,815, while the median home value is $380,541. That combination can limit purchasing power for local residents even with unemployment at 3.2%.
Who Is This Market For
This market is well suited to investors and move-up or equity-rich buyers. The rent index of $1,157, well above the state average, makes Laramie potentially attractive for buy-and-hold investors seeking stronger rental income. Low price-cut activity and a 42-day median days-on-market also favor sellers, so current homeowners may find good conditions for selling.
First-time buyers may face more challenges. With a median household income of $59,881 and a median home value of $380,541, affordability is tighter than the state average. Buyers in this segment may need to target lower-priced homes, bring larger down payments, or have household incomes above the local median. The market rewards buyers who can move quickly and make competitive offers.
Outlook
The data supports a stable-to-strong near-term picture, but with slowing price momentum. The PropertyIQ Score of 89, 42-day median days on market, and 8.5% price-cut share point to continued seller-friendly conditions. However, 3-month home value momentum of 0.45% is well below the 12-month figure of 4.39%, indicating that appreciation may be flattening.
Affordability and missing population data are the main uncertainties. Median household income is below the state average, which could limit local buyer demand if home values stay above the state benchmark. Population growth is listed as N/A, so there is no demographic expansion figure to support long-term demand. The rental premium over the state average may continue to attract investors, but the overall outlook is one of strength with a clear affordability caution.
AI-generated analysis based on current market data. Last updated August 30, 2026.
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Laramie, WY market data
Laramie, WY Housing Market Overview
Laramie, WY's median home value is $381K, up 4.4% over the past year. Homes here sell in a median 42 days. Its PropertyIQ Score of 89 sits well above the state average of 50, marking a market positioned to outperform its state over the next three years.
The Laramie, WY metro area is one of 900+ US metropolitan markets that PropertyIQ scores each month. A single PropertyIQ Score blends Zillow price momentum with Realtor.com market-flow signals to estimate 3-year excess appreciation versus the market's state — showing not just where prices stand today, but how the market is positioned relative to its peers.
Mountain West markets combine outdoor lifestyle appeal with booming tech and remote-work migration. Cities across Colorado, Utah, Arizona, and Nevada have experienced some of the nation's fastest appreciation, though rising interest rates have introduced new dynamics to these previously red-hot markets. Within the Mountain West, Laramie, WY's PropertyIQ Score of 89 ranks among the Mountain West's stronger demand signals.
The PropertyIQ Score for the Laramie, WY market is built from four inputs: Zillow home-value momentum over twelve months, Zillow home-value momentum over three months, the median days listings spend on the market (Realtor.com), and the share of listings with a price cut (Realtor.com). The score runs on a 1 to 99 scale computed across all metro markets nationally and calibrated so 50 equals the state average — a score above 50 means this market is positioned to outperform its state, and a score below 50 means it is set to lag. Momentum here has been positive, with home values up 4.4% over the past year.
View Laramie, WY's complete market profile including historical price trends, score history, and AI-generated analysis. Compare this market against any other US metro to find the best opportunities for your investment strategy.
Counties in the Laramie, WY metro area
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Market data through July 2026. Sourced from Zillow, Realtor.com, Redfin, U.S. Census Bureau, FRED, BLS, and BEA. Per-statistic source and date shown above.
Frequently Asked Questions
Is Laramie, WY a good place to buy real estate in 2026?
PropertyIQ doesn't label markets simply good or bad. Instead, the PropertyIQ Score measures a market's demand momentum against its own state, where 50 marks the state average. Laramie, WY currently scores 89, a strong-momentum reading that leaves it positioned to outperform its state over the next three years. For buyers, strengthening demand usually means rising competition and firmer prices, so waiting can cost you negotiating room. Backing that up, the median home value here is $381K, up 4.4% over the past year. So whether Laramie, WY is right for you comes down to your goals: a rising-momentum market can favor long-term appreciation but offers less room to negotiate, while a cooling one hands buyers more leverage. Treat the score as a timing signal to weigh alongside your budget, holding period, and plans for the property, not a verdict on the market's quality.
What is the PropertyIQ Score for Laramie, WY?
Laramie, WY's PropertyIQ Score is 89, indicating strong momentum on a 1-to-99 scale. The score distills four transparent inputs into a single number: Zillow home-value momentum over the past 12 months, Zillow home-value momentum over the past 3 months, the median days homes spend on the market from Realtor.com, and the share of listings with a price cut, also from Realtor.com. Rising values and faster sales push the score up, while slow sales and frequent price cuts pull it down. The scale is calibrated so 50 equals the state average, meaning a score above 50 predicts the market will outperform its state over the next three years and a score below 50 predicts underperformance. PropertyIQ computes the score across every US market nationally, then recenters it against each state, so 89 places Laramie, WY above its state benchmark.
Are home prices in Laramie, WY rising or falling?
Home prices in Laramie, WY are rising. Over the past year, the median home value increased 4.4%, reaching $381K. Over the latest three months, values moved up 0.4%, a sign near-term demand remains firm. PropertyIQ derives these figures from Zillow's home-value index, which tracks the typical value across the market rather than only the homes that happened to sell, giving a steadier read than a raw median sale price. Both the 12-month and 3-month momentum readings feed directly into the PropertyIQ Score, so this price trend is one of the core signals behind Laramie, WY's current score. Keep in mind that appreciation can vary widely by neighborhood and price tier across the metro area, so treat these figures as the market-wide baseline rather than a guarantee for any single property.
How quickly do homes sell in Laramie, WY?
In Laramie, WY, homes sell in a median of 42 days from listing to pending sale, based on Realtor.com market data. Median days on market is one of the clearest real-time reads on local demand: when homes move quickly, buyers are competing and sellers hold the advantage, while lengthening timelines signal cooling interest and more room to negotiate. Alongside sale speed, about 9% of active listings here have taken at least one price cut — a complementary demand gauge, since a rising share of reductions often precedes slower sales and softer prices. Both median days on market and the price-cut share feed directly into the PropertyIQ Score, where faster sales and fewer cuts push the score higher. As a general guide, medians under about 30 days indicate a brisk, competitive market, while medians well beyond 60 days point to buyers regaining leverage. Actual time on market still varies by price band, property type, and season, so treat the median as a market-wide baseline.
How current is this metro area data?
This Laramie, WY market data is refreshed on a monthly cycle, with the latest figures current through July 2026. PropertyIQ ingests fresh data every month from a range of authoritative sources: home values and rents from Zillow, days on market and price-cut activity from Realtor.com, additional housing signals from Redfin, demographic and housing-stock data from the U.S. Census Bureau, mortgage and macroeconomic series from FRED, and employment figures from the Bureau of Labor Statistics and the Bureau of Economic Analysis. The PropertyIQ Score itself is recomputed every month once the new source data lands, so the score and its four underlying inputs always reflect the most recent complete reporting period rather than a static snapshot. Because official housing data is typically released with a short lag, the current-through date usually trails the present by a few weeks, which is normal across the industry and not a sign the data is out of date.