Annual Market Analysis: What Property Management Does for Your ROI
- Josh Kalinowski
- Jul 10
- 2 min read
What Property Management Does for Your ROI Focus: Casper Area, Wyoming (2025)
Rent Trends
Average Rent:
As of July 2025, the average rent in Casper is approximately $1,004–$1,135 per month—about 39% lower than the national average.
Studio: ~$900/month
1-bedroom: ~$995/month
2-bedroom: ~$1,165/month
3-bedroom: ~$1,380/month
Recent Changes:
Rent prices have decreased by 1.9% over the past year, averaging $18 less per month.
Year-over-year rent growth is modest, with a 3.0% annual increase as of early 2025.
Affordability:
Casper’s rent remains highly affordable compared to national figures, with housing costs about 34% below the U.S. average.
Pricing Insights
Metric | Value (2025) | Change YoY |
Average Rent | $1,004–$1,135 | -1.9% to +3.0% |
Median Rent | $1,050 | -46% vs. U.S. |
Average Home Value | $295,000–$304,000 | +6.8% to +7.1% |
Median Home Price | $303,000 | +6.7% |
Rental Market:
Casper’s rental market is stable, with only minor fluctuations, reflecting a balanced supply and demand environment.
Home Values:
Home values have grown 6.8% to 7.1% year-over-year, signaling healthy appreciation for property owners and investors.
Vacancy Planning
Vacancy & Occupancy:
Average Occupancy Rate (Short-Term Rentals): 40%
Vacancy rates are implied to be moderate, supported by stable rent and inventory growth.
Unemployment Rate:
3.7% as of March 2025, lower than the long-term average, indicating a steady local economy.
Inventory Trends:
Housing inventory in June 2025: 377 homes for sale, a slight increase (+1.3%) from the previous month.
Inventory for 3-bedroom homes increased by 8.1%, suggesting more options for renters and buyers.
Portfolio Growth
Investment Returns:
Short-term rental gross yield: 6.1%
Average property value (STR): $446,981 (Dec 2024)
Average annual revenue (STR): $27,375
Year-over-year growth in Airbnbs: 134% (Jan 2025)
Long-Term Appreciation:
Consistent home value appreciation (6–7% YoY) supports portfolio growth for buy-and-hold investors.
Market Outlook:
Casper is considered one of Wyoming’s top markets for both traditional and short-term rental investment, with robust tourism and a growing population of qualifying rental properties.
About Legacy Property Management
Legacy Property Management is a trusted resource for property investors and renters in Casper, Wyoming. They focus 100% on property management, offering services from tenant screening to market-driven decision-making, and are dedicated to maximizing your ROI through expert local knowledge and professional support.
Internal & Back Links
For more information, visit Legacy Property Management in Casper, WY.
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