Why Bargains Exist in Smaller Towns
As Wyoming’s overall home price trend pushes up, many smaller towns haven’t climbed as quickly. Buyers feeling priced out of big markets (Jackson Hole, Cheyenne, Casper, etc.) are turning to less obvious places. Lower cost of living, looser demand, and rising inventory in certain areas mean bargains are possible.
Here are 5 towns in Wyoming where buyers are finding more value. These towns tend to have homes staying listed longer, lower price per square foot, and less competition.
1. Cody
- Why it’s promising: Cody sees slower sales, good inventory, and homes tend not to appreciate as fast as the state median. Buyers who want scenic views, access to national parks, but lower competition are finding good deals.
- Typical Bargains: Homes that are decent condition, slightly outside town center, sell for lower than expected listings in Cheyenne etc.
- Pain Points for Buyers: Fewer luxury amenities, sometimes longer commute to major jobs; but you get more land and lower price per sq ft.
2. Sheridan
- Sheridan offers a middle ground—amenities, schools, infrastructure, and natural beauty. It’s less expensive than hot markets, and homes are more affordable. Homes may need minor updates, but entry costs are lower.
3. Laramie
- University town; gets steady demand, but also a good number of older homes. Buyers willing to renovate or accept older homes can find value. Lower competition vs more scenic luxury areas.
4. Rock Springs
- According to Redfin’s data, Rock Springs is among metros with faster price growth, but still more accessible than Jackson Hole etc. For buyers who want more affordability and future appreciation, this town is promising.
5. Gillette / Buffalo
- These towns are farther from major metro hubs, so homes often list longer. For buyers who don’t need city conveniences, you can find lower-priced homes, land, and possibly larger lots.
What Buyers Should Watch Out For
Market Timing: Prices in these towns may begin rising once more buyers discover them. Enter early if possible.
Condition vs Price: Some cheaper homes require repairs or updates. Factor those costs when calculating true value.
Transportation & Amenities: More distant towns often have fewer services, schools, hospitals — consider these lifestyle trade-offs.
Resale Value: Even if you buy cheap, consider whether the area is growing — infrastructure, jobs, migration patterns.
Conclusion
If you’re priced out of hot Wyoming markets, these towns offer a way in without sacrificing too much. Bargains exist—if you’re ready to compromise on size, location, or condition—and if you act when inventory allows. Use local comparisons to understand real value. Work with a realtor who knows the area well, and keep your budget realistic including repair/closing costs.
