Fremont County is a price-led but income-unverified underwriting case: the apparent value gain sits beside a much slower repeat-sales measure, no published market rent, modest net out-migration, and a shrinking covered-job base. Investors requiring current cash-flow evidence should be cautious; buyers pursuing property-specific diligence should investigate whether leases, taxes, flood exposure, and insurance produce acceptable carrying economics. County evidence identifies tensions, not a conclusion for any asset.
At Zillow’s 2026-06 county observation, median home value was $189,900, up 9.76% year over year. FHFA’s 2025 repeat-transaction HPI rose 0.46% annually and 48.12% cumulatively over five years; it is an index rather than a price, and its distinct method and vintage cannot be averaged with Zillow’s change. Market rent is not published, so gross yield cannot be computed. HUD’s two-bedroom FMR of $919 per month is a payment standard, not asking rent. The 1.21% effective property-tax rate is a carrying-cost input, but it cannot be paired with income without rent and property-specific tax evidence.
QCEW’s 2025 annual covered workplace employment fell 1.32%, while average weekly covered-worker wage was $986, up 6.36%. Trade, transportation, and utilities is the largest disclosed private supersector, indicating concentration in the disclosed covered-job base rather than the whole economy or resident employment. Migration was net negative by 2 tax-return households, and arriving movers’ average income was $1,554 below departing movers’. Investors accounted for 13.95% of 86 purchase mortgages: participation is observable but neither a measure of cash buyers nor proof of durable buyer competition. These labor, migration, and mortgage figures do not establish tenant demand.
Modeled climate loss equals 0.13% of building value per year and the dominant hazard is inland flood; this is county-level modeled loss, not a parcel flood determination or insurance quote. Realtor.com MLS listing price, active inventory, days on market, reductions, and pending ratio are not published, preventing a read on visible supply, seller concessions, and marketing time. Obtain lease comps and operating statements, parcel flood and insurance evidence, tax assessment and bill, and MLS history before setting rent, vacancy, expenses, or exit-price assumptions.