All homes and bedroom counts
RENTAL MARKET INTELLIGENCE
Gillette, WY
Affordability-focused investors willing to negotiate should investigate Gillette; buyers who need near-term job or population momentum should avoid it.
Median price$339k
Median rent$1,258
Gross yield4.5%
Job growth▼ 1.4%
Composite Market ScoreRank #378 of 571 scored US market areas
Direct rental answer
How much is rent in Gillette, WY?
Zillow's metro-wide Observed Rent Index is $1,258 per month for 2026-06-30. That is up 2.93% from a year earlier.
Occupied rental units paying rent
Two-bedroom standard
These figures are not averaged together. Zillow and Realtor describe asking-rent markets, ACS measures rent paid by surveyed households, and HUD publishes administrative bedroom standards.
Exact county schedules
HUD rent benchmarks inside Gillette
Every row keeps its own county FIPS schedule. No county is selected as a metro proxy and no synthetic metro FMR is calculated.
| County | Studio | 1 BR | 2 BR | 3 BR | 4 BR |
|---|---|---|---|---|---|
| Campbell County, WYFIPS 56005 | $806 | $896 | $1,019 | $1,344 | $1,709 |
The read
Why this market scores where it does
Affordability-focused investors willing to negotiate should investigate Gillette; buyers who need near-term job or population momentum should avoid it. A $339,090 median value, a 4.02% annual price decline, 16.4 months of supply, and 136 median days on market point to entry leverage, but also weak resale liquidity.
The income case is mixed rather than compelling. Asking rent rose 2.93% to $1,258, yet gross yield is 4.45%. Rent equals 16.79% of $89,869 median household income, making tenant affordability the clearest support while leaving returns dependent on property-level pricing and costs that are not published.
Risk sits mainly in demand and property exposure. LAUS employment fell 1.42%, tax filings show net migration of -8 households, and inland flood is the dominant hazard, with a 0.1467% annual climate loss ratio. The combination favors selective underwriting over a broad market bet.
Frequently Asked Investor Questions
What do the current price and rent imply for a basic income screen?
Median home value is $339,090, median asking rent is $1,258, and gross yield is 4.45%; operating expenses are not published.
How much new housing is being permitted?
The record reports 38 total permits and a permits-per-thousand rate of 0.8.
Which counties supplied the most inbound households?
Crook County supplied 57 households; Natrona County 49; Sheridan County 39; Weston County 34; and Laramie County 26.
Investor Quick Takeaways
Gross Yield: 4.5%
Computed from the current Zillow rent and home-value medians.
Rent Momentum: ▲ 2.93%
Zillow ZORI rent growth trend over trailing 12 months.
Investor Activity: 6.4%
Originated investment purchase share (CFPB HMDA).
Climate Exposure: FEMA NRI
Annualized loss ratio evaluated for flood & hurricane risk.
Put the evidence to work
Test the market, then test the deal
Keep Gillette as the starting point or move into a more specific property and rent check.
Run cash flowStarts with this market's measured price and rentSave to shortlistCompare this metro with up to four other placesCheck rent by ZIPMove from metro context to a local rent benchmarkFind a comparison marketRead a curated two-market decision analysisShare this analysisEmail the canonical link without adding page scriptsReport a data issueSend the figure, source and release period to review
Market pulse
The current market in eight signals
Fast-moving Redfin conditions sit beside the slower fundamentals so a buyer can separate today's negotiating climate from the long-run investment case.
Months of supply16.4 mo.▼ from 163.0 mo. a year ago
Median days on market136 days▼ from 257 days a year ago
Listings with price drops25.2%▲ from 24.5% a year ago
Sale-to-list ratio92.3%2026-05-01
Home value growth▼ 4.0%Zillow ZHVI · trailing 12 months
Rent growth▲ 2.93%Zillow ZORI · trailing 12 months
Gross rental yield4.5%Rent × 12 ÷ price
Payroll job growth▼ 1.4%LAUS · 12m to 2026-05
Release-to-release evidence
What actually changed
This comparison exists because at least one underlying source period advanced. Rebuilding the same data never creates a new observation.
Published score held steady43→43
0 ptsThe published component scores did not move in this release.
Weights were unchanged at metro-2026-07-v2-omb2023, so the movement comes from refreshed evidence and percentile ranks.
The named source periods advanced, but the measured values on this page held steady.
Composite breakdown
What each component measures
Weights are published, not hidden, and the arithmetic is shown. Five components, each measured as a national percentile across all tracked metros.
Published arithmeticComponent × weight = points
43| Signal | Score | Weight | Points |
|---|---|---|---|
| Job growth | 16 | 30% | 4.80 |
| Rent trend | 43 | 25% | 10.75 |
| Affordability | 95 | 15% | 14.25 |
| Supply pressure | 40 | 15% | 6.00 |
| Climate risk | 47 | 15% | 7.05 |
| Published score | 43 | ||
Gillette, WY scoreRank #378
43Job growth16/100
LAUS employment fell 1.42% year over year -> tenant demand has a weak labor-market backdrop.
Rent trend43/100
Median asking rent rose 2.93% while gross yield is 4.45% -> rent movement is positive, but net returns cannot be assessed because expenses are not published.
Affordability95/100
A 16.79% rent-to-income ratio and 3.77 price-to-income ratio -> household affordability is the market’s strongest component.
Supply pressure40/100
Supply stands at 16.4 months with 136 median days on market -> current listings favor buyer selectivity while resale liquidity is weak.
Climate risk47/100
Inland flood is the dominant hazard and the annual climate loss ratio is 0.1467% -> water exposure, insurance, and mitigation warrant property-level review.
The numbers
What this market costs and what it earns
Every derived ratio below recomputes from the same source record used by the article and score.
ZHVI Median Price
$339k
YoY ▼ 4.0%
ZORI Median Rent
$1,258
YoY ▲ 2.93%
Gross Rental Yield
4.5%
Rent × 12 ÷ price
$1,258 × 12 ÷ $339,090
Job Growth (YoY)
▼ 1.4%
LAUS payrolls
Job signal 16/100
Median Household Income
$90k
Census ACS 5-year
Rent Burden
16.8%
Annual rent ÷ household income
Price-to-Income
3.8x
Median value ÷ household income
HUD 2BR Fair Market Rent
$1,019
Market rent 123.4% of FMR
Historical affordability context
Compare aligned 2019 and 2024 asking-rent and nominal household-income endpoints across the direct-overlap metro set.
Independent rent evidence
One market, several legitimate rent benchmarks
These releases observe different homes and different moments. RentMarker keeps them separate: ZORI remains the scoring baseline, while the other sources test how sensitive the market story is to bedroom mix and measurement method.
Monthly benchmark4 of 4 reported values
Zero-based scale$1,258Primary RentMarker baseline
2026-06-30
All homes and bedroom counts
A smoothed metro rent index for observed rentals; it is the primary rent used by RentMarker scores and career ratios.
View source release ↗$896−$362 vs ZORI
FY2026 FMR
One-bedroom standard
An administrative gross-rent benchmark used by HUD programs; it is neither a listing median nor a prediction of one lease.
View source release ↗$1,019−$239 vs ZORI
FY2026 FMR
Two-bedroom standard
An administrative gross-rent benchmark used by HUD programs; it is neither a listing median nor a prediction of one lease.
View source release ↗$1,009−$249 vs ZORI
ACS 2024 5-year
Occupied rental units paying rent
A five-year survey estimate of contract rent plus applicable tenant-paid utilities; it is not a current asking-rent index.
View source release ↗Take the next step
Keep Gillette as context, then replace market-wide evidence with the candidate property's facts.
Supply pipeline
What is being built, and for whom
Permits are the 12-to-24 month early warning. The total matters less than the mix: apartments compete with a rental the day they open.
National supply context
Compare this authorization pipeline with asking-rent growth, jobs and for-sale liquidity across the evidence-complete metro set.
Building permits by structure type
units per year · latest year annualised
38 units authorised in 2026, 0% of them in 5+ unit buildings. This is a single-family building cycle, so the competition is other houses, not new apartments. ✓ recomputed from series
Who is arriving, and who is buying
Demand, and the competition for it
Tax filings say how many households moved and what they earn; mortgage disclosures say how many local purchases went to someone who will not live there. Moves between counties inside this metro are netted out of both flow figures.
Net Household Move
−8
1,145 in vs 1,153 out (IRS SOI)
▼ 0.7% of arriving households
Mover Income Gap
−$13,361
Arriving $61,563 vs leaving $74,924
Average AGI per tax return (IRS SOI)
Investor Purchase Share
6.4%
24 of 374 originated purchase loans
CFPB HMDA 2024
Dominant Hazard
inland flooding
0.147% building value annual loss ratio
FEMA NRI · risk type: water
Compare yield and FEMA exposure →Households arrive mainly from: Crook County · Natrona County · Sheridan County · Weston County · Laramie County
✓ 1,145 in − 1,153 out = -8 netDirect market links
Where tax-return households moved from and to
These are the largest flows where both counties map to a RentMarker market area. They are a documented subset of the all-US IRS totals above.
Leading inbound markets
- Casper, WY49 arriving
- Cheyenne, WY26 arriving
- Laramie, WY25 arriving
Leading outbound markets
- Casper, WY55 leaving
- Cheyenne, WY36 leaving
- Laramie, WY36 leaving
The other side
What would make this a bad buy
Generated from the same figures with the instruction to argue against the score, and published unedited. A page that only agrees with itself is an advertisement.
Three ways the case breaks
- The demand backdrop is weak: LAUS employment fell 1.42% and tax-filing migration was -8 households.
- Resale liquidity is poor: supply is 16.4 months, median market time is 136 days, and 25.19% of listings had price drops.
- Property exposure includes inland flood as the dominant hazard and a 0.1467% annual climate loss ratio.
Inside this micro area
Move from the market-area average to local evidence
Use the available county and city pages to add local price, rent, housing, migration and hazard context to the market-area view.
County records
Statistical peers
Market areas that behave like Gillette
Nearest neighbours on price level, income, yield and job growth — not on geography. Every market page gets a different peer set, which is the point.
| Market area | Score | Price | Rent | Yield | Job Growth |
|---|---|---|---|---|---|
| Gillette, WY (Target) | 43 | $339k | $1,258 | 4.5% | ▼ 1.4% |
| Williston, ND | 45 | $356k | $1,256 | 4.2% | ▼ 1.2% |
| Watertown, WI | 61 | $372k | $1,222 | 3.9% | ▼ 0.8% |
| Baraboo, WI | 45 | $343k | $1,341 | 4.7% | ▼ 0.7% |
| Dubuque, IA | 42 | $283k | $1,132 | 4.8% | ▼ 1.8% |
Provenance
Where every figure came from
“Checked nightly” means every source is re-pulled and re-verified each night. It does not mean every source moves nightly — the release column tells you how fresh each number can possibly be.
| Dataset Source | Method | Release Period | Pulled Date |
|---|---|---|---|
| Census ACS 5-year — household income and gross rent | direct | ACS 2024 5-year | 2026-08-05 |
| Census ACS 5-year — historical household income | direct | ACS 2019 and 2024 5-year | 2026-08-05 |
| Census ACS 5-year — population | direct | ACS 2024 5-year | 2026-07-26 |
| Apartment List Rent Estimates — recent-lease rent index | direct | Apartment List 2026-07 | 2026-08-08 |
| Apartment List Time on Market — listing liquidity | direct | Apartment List 2026-07 | 2026-08-08 |
| Apartment List Vacancy Index — rental vacancy | direct | Apartment List 2026-07 | 2026-08-08 |
| BEA County Personal Income — income and population | direct | 2024 County Personal Income (released 2026-02-05); history 1969-2024 | 2026-08-03 |
| BEA Regional Price Parities — metropolitan price levels | direct | 2024 Regional Price Parities (released 2026-02-19); history 2008-2024 | 2026-08-03 |
| BLS CES — payroll employment | direct | CES SM current | 2026-07-26 |
| BLS LAUS — resident employment | direct | LAUS current | 2026-07-26 |
| BLS OEWS — occupation employment and wages | direct | May 2025 OEWS estimates (released 2026-05-15) | 2026-08-03 |
| BLS QCEW — county employment and wages | direct | annual county employment and wages 2021-2025; latest 2025 vs 2024 | 2026-08-02 |
| OMB/BLS delineation — metro geography | direct | OMB July 2023 delineation | 2026-07-30 |
| Census Building Permits Survey — permitted units | direct | BPS through 2026 | 2026-07-26 |
| Census ACS 5-year — city population, households and housing | direct | ACS 2024 5-year | 2026-07-29 |
| Census ACS 5-year — county housing value, tenure and stock | direct | ACS 2024 5-year | 2026-07-30 |
| Census ACS 5-year — cities and communities | direct | ACS 2024 5-year | 2026-07-30 |
| Census ACS five-year — ZCTA housing and income | direct | ACS 2024 5-year ZCTA | 2026-08-08 |
| FEMA National Risk Index — hazard loss ratios | modelled | NRI counties (FEMA ArcGIS) | 2026-07-26 |
| FHFA House Price Index — annual county appreciation | direct | annual county HPI history 1975-2025; latest 2025 | 2026-08-02 |
| HMDA / CFPB — purchases by occupancy type | direct | HMDA 2024 purchase originations | 2026-07-26 |
| HUD CHAS — renter burden by HAMFI income band | direct | HUD CHAS 2018-2022 ACS 5-year (released 2025-12-23) | 2026-08-03 |
| HUD Fair Market Rents — Section 8 standard | direct | FY2026 FMR | 2026-07-26 |
| HUD USPS crosswalk and Small Area FMRs — ZIP rent fallback | direct | ZIP-CBSA 2025Q4 + SAFMR FY2026 | 2026-07-26 |
| HUD-USPS ZIP-to-county residential-address crosswalk | direct | HUD-USPS 2026Q1 | 2026-08-09 |
| IRS SOI — county migration and mover income | direct | SOI migration 2022-2023 | 2026-07-26 |
| Freddie Mac PMMS — mortgage rates | direct | week of 2026-07-30 | 2026-08-06 |
| Census ACS 5-year — effective property tax | direct | ACS 2024 5-year | 2026-08-06 |
| Realtor.com Economic Research — county listing inventory | direct | county inventory 2026-06 | 2026-07-28 |
| Realtor.com Rental Report — top-50 asking rents | direct | top-50 rental asking rents 2026-05 | 2026-08-05 |
| Redfin Data Center — inventory, days on market, and price cuts | direct | metro tracker through 2026-05-01 | 2026-07-26 |
| Redfin Data Center — ZIP resale activity and supply | direct | ZIP rolling 3 months through 2026-06-30; updated 2026-07-03 | 2026-08-12 |
| USDA ERS — Rural-Urban Continuum Codes | direct | USDA ERS 2023 Rural-Urban Continuum Codes | 2026-08-02 |
| Zillow ZHVI and ZORI — county values and rents | direct | county ZHVI/ZORI 2026-06 | 2026-07-26 |
| Zillow ZHVI — metro home values | direct | Metro_zhvi_uc_sfrcondo_tier_0.33_0.67_sm_sa_month.csv | 2026-07-26 |
| Zillow ZHVI — city home values | direct | zillow_zhvi_city.csv | 2026-07-29 |
| Zillow ZORI — metro market rents | direct | Metro_zori_uc_sfrcondomfr_sm_sa_month.csv | 2026-07-26 |
| Zillow ZORI — city market rents | direct | zillow_zori_city.csv | 2026-07-29 |
| Zillow ZORI - metro market rents, not seasonally adjusted | direct | Metro_zori_uc_sfrcondomfr_sm_month.csv | 2026-08-15 |
| Zillow ZORI — ZIP market rents | direct | ZORI ZIP 2026-06 | 2026-08-08 |