Median Home Price
$365,137.64
Median Rent
$1,238.22/mo
Price-to-Rent Ratio
24.6
Property Tax RateTIE
0.61%
Price Change (1Y)
+4.0%
Price Change (5Y)
+19.8%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$184,682
Median Home PriceBETTER
$287,105.24
Median RentBETTER
$1,178.83/mo
Price-to-Rent RatioBETTER
20.3
Property Tax RateTIE
0.61%
Price Change (1Y)BETTER
+4.1%
Price Change (5Y)BETTER
+20.4%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
$108,727
Key Differences
Home Prices
Laramie's median home price of $365,137.64 is higher than Rock Springs's $287,105.24 by 27%.
Monthly Rent
Renting in Laramie costs $1,238.22/mo compared to $1,178.83/mo in Rock Springs—a difference of $59.39/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.