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Hot Springs County, WY housing market

Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources

Typical home value$245,576+3.4% YoY · prices are rising fast
Market right nowBuyer's marketMore homes for sale than last year, 11% have cut their price
Income needed to buy, per year$53,236About 0.9× the local median income ($60,622): affordable for a typical household
Days on market89 daysSlower than a year ago: buyers have time to negotiate

The typical home in Hot Springs County, WY is worth $245,576, up 3.4% from a year ago. That is well above what local incomes have historically supported: fair value is about $209,455, so the area is 17.2% overvalued. It is a buyer's market: homes take about 89 days to sell, listings are up 36% from a year ago, 11% of listings have had a price cut. A household needs about $53,236 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $60,622. In the latest IRS figures, 67 more people moved in than out.

Home value over time

$0K$50K$100K$150K$200K$250K200020052010201520202025
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.

Prices and affordability

Typical home value$245,576
Change in 1 year+3.4%
Overvalued %+17.2%
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Fair home value$209,455
Change in 5 years+40.8%
Home value to income4.1×
Monthly mortgage payment (20% down)$1,331
Income needed to afford it$53,236
Property tax rate0.54%

Rent and investing

HUD Fair Market Rent, 2 bedrooms$999

Market activity

Listings vs a year ago+36.4%
Days on market89
Listings with a price cut10.8%
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Homes for sale30
Pending sales per 100 listings20
Asking price per sq ft$136

People and jobs

Median household income$60,622
Population change (1 year)−0.1%
Unemployment rate3.0%
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Population4,600
Income adjusted for cost of living$66,181
Net moves in (IRS)+67
Cost of living (US = 100)91.6

Schools, risk and environment

School rating (1 to 10)7.5
FEMA hazard risk score (0 to 100)16.1
Flood risk score39.4
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Wildfire risk score66.4
Walkability (1 to 20)7.6
Road, rail and air noise54 dB

Questions people ask

Is Hot Springs County, WY overvalued?
Home prices in Hot Springs County, WY are well above what local incomes have historically supported: fair value is about $209,455, so the area is 17.2% overvalued.
Is Hot Springs County, WY a buyer's or seller's market?
Hot Springs County, WY is a buyer's market: homes take about 89 days to sell, listings are up 36% from a year ago, 11% of listings have had a price cut.
Are home prices going down in Hot Springs County, WY?
Home values in Hot Springs County, WY are up 3.4% over the last year.
How much do you need to earn to buy a home in Hot Springs County, WY?
A household needs about $53,236 a year to afford the typical home in Hot Springs County, WY at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $60,622.

Nearby and similar counties

ZIP codes in Hot Springs County (open on the map)

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