LTR & STR financial performance, market growth indicators, and school ratings.
LTR Financial Performance
Median Price
LTR Rent
$1,362
Monthly Cash Flow
-$170
Principal + Equity
$1,111
Annual Total Gain
$11,299
Cash on Cash
-2.72%
Net ROI %
Market Grades and Information
Best Places to Live Ranking
Public school quality, cost of living, commute, and lifestyle ratings.
B-
Overall
Top-level market grade
Most Diverse Places to Live in Wyoming
#17out of 31 markets
Best Places to Raise a Family in Wyoming
#18out of 31 markets
Best Places for Young Professionals in Wyoming
#9out of 31 markets
C
Public School
Short-Term Rental (STR) Regulations
Local rules and guidelines for operating short-term rentals in Casper, WY.
As of September 2021, Casper, WY does not have specific regulations in place for short term rentals (STRs). However, it is important for investors to be aware of potential future regulations that may be implemented by the city or county government.
Investors should also consider the potential impact of STR regulations on their investment property, such as occupancy limits, noise restrictions, parking requirements, and licensing fees. Additionally, investors should be aware of any homeowner association rules or restrictions that may prohibit or limit short term rentals in certain areas or developments.
It is recommended that investors conduct thorough research and due diligence before purchasing a property in Casper, WY for short term rental purposes to ensure compliance with any existing or future regulations. Consulting with a local real estate agent or attorney who is familiar with the market and regulations can also be beneficial in making an informed investment decision.
Market Trends Over Time
Explore 25 years of market data for Casper, WY, including median property prices, long-term rental rates, and days on market — identify growth potential and gauge market stability.
Median Price
Median Rent
Days on Market
Nearest Markets
Explore nearby investment markets close to Casper, WY.
The LTR Genie Score of Casper, WY is 54, indicating a moderate level of rentability for long-term rental properties in the area. On the other hand, the STR Genie Score is 61, suggesting a slightly higher level of rentability for short-term rental or Airbnb properties. The LTR Rent Growth Rate of 0.0% may have contributed to the lower LTR Genie Score, while the higher STR Net ROI of 19.25% likely boosted the STR Genie Score.
Casper, WY is a city located in central Wyoming known for its outdoor recreational opportunities, including hiking, fishing, and skiing. The city has a stable economy with a focus on energy production and healthcare, making it an attractive location for real estate investors looking for long-term rental properties.
Based on the metrics provided, Casper, WY may be a more attractive market for short-term rental investments due to the higher STR Genie Score and Net ROI. However, with a moderate LTR Genie Score and stable economy, long-term rental investments could also be a viable option for investors looking for steady returns. Ultimately, a diversified investment strategy that includes both long-term and short-term rental properties may be the most beneficial in this market.
