Housing in Laramie
Due to the presence of the University of Wyoming, Laramie has consistently had higher housing prices than the rest of Wyoming. As the University grows, more students, faculty, and staff call Laramie home and the demand for housing increases. Laramie offers a wide variety of housing options from small starter homes to large high-end developments as well as diverse neighborhoods. Although the prices are higher, the growing University will also ensure strong, consistent appreciation of home value. The following graph shows the Average Residential Sales Prices from 1997 to 2008.
| Year | Average Price | % Change |
| 1997 | $96,367 | -- |
| 1998 | $103,724 | 7.6% |
| 1999 | $109,849 | 5.9% |
| 2000 | $118,196 | 7.6% |
| 2001 | $126,183 | 6.8% |
| 2002 | $125,820 | -0.3% |
| 2003 | $150,751 | 19.8% |
| 2004 | $175,320 | 16.3% |
| 2005 | $182,000 | 3.8% |
| 2006 | $184,159 | 1.2% |
| 2007 | $212,313 | 15.3% |
| 2008 | $231,900 | 9.2% |
Source: Wyoming Center for Business and Economic Analysis, Inc.
Rental Housing
In addition to the many options for purchasing a home, Laramie offers a wide variety of reasonable rental properties. From lofts in the historic downtown and garden apartments near the University's bustling campus to new developments farther outside of town, Laramie offers it all. The following table shows the most recently available average rental and vacany rates.
| Date | Vacancy Rate | 2-3 Bdrm. House | 2 Bdrm. Apt. |
2-3 Bdrm. Mobile |
| Q2 2008 | 3.07% | $874 | $603 | $528 |
| Q4 2008 | 10.50% (Q2 2009) | $870 | $597 |
$599 |
Note:
House, single-family, excluding gas or electric.
Apartment - 2 bedroom, unfurnished, excluding gas or electric
Mobile Homes - Total monthly expenses, including water and lot rent
Source: Wyoming Center for Business & Economic Analysis, Inc.
Full Housing Report
For more detailed housing information, please download our full housing trends analysis. Click here for the report in .pdf form.