Best Places to Buy Rental Property in Wyoming (2026)

We ranked all 13 Wyoming counties that have both a median home price and a median rent, ordered by the cap rate a median-priced rental would produce. Lincoln County leads at 3.8%, with a median price of $507,148.

Wyoming counties ranked by cap rate

#MarketCap rateMedian priceMedian rentCash flowAnalyze
1Lincoln County, WY3.8%$507,148$2,450-$1,217Run numbers
2Carbon County, WY3.7%$216,232$1,025-$532Run numbers
3Natrona County, WY3.6%$312,424$1,429-$802Run numbers
4Goshen County, WY3.1%$253,669$1,000-$755Run numbers
5Laramie County, WY3.1%$390,068$1,529-$1,167Run numbers
6Sweetwater County, WY3.0%$288,817$1,107-$880Run numbers
7Campbell County, WY2.9%$339,625$1,265-$1,059Run numbers
8Fremont County, WY2.8%$327,468$1,176-$1,049Run numbers
9Sheridan County, WY2.7%$447,013$1,570-$1,456Run numbers
10Park County, WY2.4%$453,829$1,380-$1,617Run numbers
11Albany County, WY2.3%$383,049$1,125-$1,390Run numbers
12Sublette County, WY2.0%$463,185$1,175-$1,802Run numbers
13Teton County, WY1.6%$2,205,007$4,458-$9,316Run numbers

Looking for every county in the state, including those without rent data? Browse the full Wyoming market directory.

How this ranking is calculated

We scored 13 counties in Wyoming and ranked them by capitalization rate, calculated as annual net operating income divided by median home price. Markets without both a median home price and a median rent are excluded, because cash flow cannot be estimated without both.

Every figure assumes a median-priced home rented at the local median rent, financed with 20 percent down on a 30-year loan at 7.40%, with closing costs at 3 percent of price and operating costs at 35 percent of rent. Operating costs cover taxes, insurance, maintenance, vacancy, and management.

These are modeled estimates for comparing markets, not quotes on a specific property. A real deal turns on the individual property, its condition, and the actual rent it can command. Run any market that interests you through the calculator with real numbers before you make an offer.

National rankings

Compare Wyoming against the rest of the country.

Other states

States with fewer than 5 counties reporting both price and rent are omitted, because a ranking that short would not be meaningful.

Run the numbers on a Wyoming property

Start from Lincoln County median values and replace them with a real listing price and rent to see whether the deal actually works.