Median Home PriceBETTER
$329,077.13
Median Rent
$1,360.9/mo
Price-to-Rent RatioBETTER
20.2
Property Tax RateTIE
0.61%
Price Change (1Y)
-1.1%
Price Change (5Y)
-5.3%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$188,118
Median Home Price
$365,137.64
Median RentBETTER
$1,238.22/mo
Price-to-Rent Ratio
24.6
Property Tax RateTIE
0.61%
Price Change (1Y)BETTER
+4.0%
Price Change (5Y)BETTER
+19.8%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
$184,682
Key Differences
Home Prices
Gillette's median home price of $329,077.13 is lower than Laramie's $365,137.64 by 10%.
Monthly Rent
Renting in Gillette costs $1,360.9/mo compared to $1,238.22/mo in Laramie—a difference of $122.68/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.