Laramie County presents a yield-versus-resilience tension: the 2026-06 Zillow county observation pairs a $393,457 median home value with $1,490 monthly median asking rent and a supplied 4.54% gross yield before expenses. That warrants detailed underwriting by operators able to test flood, insurance, and tax costs, not a simple income conclusion; buyers seeking stable net cash flow should be cautious until property-level costs are known.
Zillow’s value was up 3.57% year over year. Its published market asking rent, rather than HUD FMR, supports the yield calculation; FMR is a payment standard, not an asking-rent estimate, and cannot replace market rent. FHFA’s 2025 repeat-transaction HPI rose 3.62% annually, directionally consistent with Zillow but a different method and vintage, not a dollar value or a rate to average. The effective property-tax rate is 0.57%; modeled climate loss is associated with the dominant inland-flood hazard. Both require carrying-cost and insurance diligence.
Realtor.com’s 2026-06 MLS listing market had active inventory 13.49% lower than a year earlier, while a 9.85% price-reduced share signals seller concessions. This is visible supply and asking-market evidence, not closed-sale proof or buyer demand. Tax-return migration was net positive by 314 households, yet arrivals averaged $264 less income than departures, a calculation from supplied mover-income averages. Investors made 127 of 1,790 purchase mortgages, or 7.09%, showing measured non-occupant participation but not its effect on rents or resale liquidity.
Limits are material. County-level data do not publish operating expenses, insurance premiums, flood-zone exposure, financing terms, vacancy, lease renewal, property condition, or closed-sale results; therefore net yield, flood-adjusted cash flow, and exit pricing cannot be determined. Check parcel flood mapping and insurance quotes, current tax assessment, rent comps by unit type, and closed transactions. Review tenant concentration against Trade, transportation, and utilities, the largest disclosed private supersector by employment. QCEW is annual covered employment at county workplaces, not resident employment, unemployment, or a forecast.