Rock Springs, WY Housing Market
AI-powered market intelligence for the Rock Springs, WY metro area.
PropertyIQ Scores
Rock Springs, WY Market Analysis
Market Overview
Rock Springs, WY, scores 29 out of 100 on the PropertyIQ Score, indicating a weak housing market relative to common benchmarks. The top drivers behind this score are home value momentum of 0.96% over 12 months, a 3-month momentum of -0.02%, median days on market of 62 days, and a 21.9% share of listings with a price cut. These data points point to a market with very limited price appreciation and a selling environment that is slow enough that more than one in five listings has reduced its asking price.
Relative to Wyoming state averages, Rock Springs presents a mixed profile. The median home value of $291,984 is significantly below the state average of $371,854, a difference of about $79,870, or roughly 21%. The rent index, however, is $1,141, which is $149 above the state average of $992, or about 15% higher. The unemployment rate is identical to the state at 3%, and median household income is $75,034, nearly matching the state average of $76,176. In short, Rock Springs offers lower-than-state home prices and slightly higher-than-state rents, but its overall market momentum is weak.
The home value year-over-year change is -$8, essentially flat with a slight decline. Combined with the negative 3-month momentum, the market appears to be cooling rather than accelerating. While the 12-month momentum remains slightly positive, the mix of a 62-day median time on market and a 21.9% price-cut share suggests that sellers are not in a strong position.
Key Trends
The clearest trend is near-flat home value movement. Rock Springs recorded a 12-month home value momentum of only 0.96%, and the 3-month momentum was -0.02%. The year-over-year change of -$8 reinforces that prices are not meaningfully increasing. This is not a market experiencing rapid appreciation; rather, it is moving sideways with a slight downward tilt.
A second trend is a slow, buyer-friendly sales environment. There are 115 homes for sale, and the median days on market is 62 days. Additionally, 21.9% of listings have had a price cut. These figures indicate that homes are taking roughly two months to sell and that a meaningful share of sellers are adjusting prices, which typically gives buyers more room to negotiate.
A third trend is stronger rental performance relative to purchase prices. The rent index of $1,141 is above the state average of $992, while the median home value of $291,984 is well below the state average of $371,854. This combination suggests that rental demand in Rock Springs is stronger than the state average relative to the cost of buying a home.
Finally, affordability remains relatively solid. The median household income of $75,034 is nearly the same as the state average of $76,176, but the median home value is far lower than the state figure. This means local buyers may find Rock Springs more affordable than many other parts of Wyoming, even though weak price momentum may limit equity growth.
Who Is This Market For
Rock Springs may appeal most to buy-and-hold investors who prioritize rental income over rapid appreciation. The rent index of $1,141 is above the state average, while the median home value of $291,984 is below the state average, creating a potentially more favorable rent-to-price profile than the state benchmark. However, investors should note the weak home value momentum: the 12-month gain is just 0.96%, the 3-month momentum is -0.02%, and the year-over-year change is -$8. This market is not positioned for short-term flips or quick equity gains.
First-time buyers may also find this market accessible. The median home value is about $79,870 below the state average, and the median household income is nearly identical to the state average, meaning the typical local household may have an easier time qualifying for a mortgage than in higher-priced Wyoming markets. The 62-day median days on market and 21.9% price-cut share give buyers some negotiating leverage. Move-up buyers or those needing to sell quickly may face a more challenging environment because homes are selling slowly and price cuts are common.
Outlook
Based on the available data, Rock Springs is likely to remain a flat to slightly soft market in the near term. The negative 3-month home value momentum of -0.02% and the -$8 year-over-year change do not point to building price pressure. With a median days on market of 62 and 21.9% of listings cutting prices, sellers are likely to continue facing competition. The modest 12-month momentum of 0.96% suggests some stability over a longer window, but it is not strong enough to signal a shift toward appreciation. Population growth data is not available, so it is difficult to identify a demand surge. Until price momentum improves or days on market and price-cut share decline, the outlook points to continued softness in home values, with rental performance remaining the stronger part of the market.
AI-generated analysis based on current market data. Last updated October 6, 2026.
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Rock Springs, WY market data
Rock Springs, WY Housing Market Overview
Rock Springs, WY's median home value is $292K, up 1.0% over the past year. Homes here sell in a median 62 days. Its PropertyIQ Score of 29 sits below the state average of 50, marking a market positioned to lag its state over the next three years.
Understanding the Rock Springs, WY housing market requires looking beyond headline price figures. The PropertyIQ Score reads both sides of market strength: Zillow price momentum across 3- and 12-month windows, and Realtor.com flow signals — days on market and the share of listings with price cuts. Together they predict how this WY metro is set to perform relative to the rest of its state.
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, Rock Springs, WY's PropertyIQ Score of 29 runs below the Mountain West norm.
The PropertyIQ Score for the Rock Springs, 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 1.0% over the past year.
Use PropertyIQ's interactive analytics to compare Rock Springs, WY against any other US metro on its PropertyIQ Score and underlying metrics. Generate a free AI market report, explore historical trends on the graphs page, or see how this market ranks on the scores dashboard.
Counties in the Rock Springs, WY metro area
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Market data through August 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 Rock Springs, 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. Rock Springs, WY currently scores 29, a weak-momentum reading that leaves it positioned to lag its state over the next three years. For buyers, cooling demand usually brings more inventory, longer sale times, and real leverage to negotiate on price. Backing that up, the median home value here is $292K, up 1.0% over the past year. So whether Rock Springs, 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 Rock Springs, WY?
Rock Springs, WY's PropertyIQ Score is 29, indicating weak 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 29 places Rock Springs, WY below its state benchmark.
Are home prices in Rock Springs, WY rising or falling?
Home prices in Rock Springs, WY are rising. Over the past year, the median home value increased 1.0%, reaching $292K. Over the latest three months, values slipped 0.0%, a sign near-term demand is softening. 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 Rock Springs, 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 Rock Springs, WY?
In Rock Springs, WY, homes sell in a median of 62 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 22% 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 Rock Springs, WY market data is refreshed on a monthly cycle, with the latest figures current through August 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.