Real Estate Relocation Guide To Wyoming
Relocating from Chicago to Wyoming is a major move. You’re crossing state lines and heading 1,200 miles to find a new home in a different community. By familiarizing yourself with the local real estate market, whether your destination is Cheyenne or Casper you can get a good idea of the Wyoming landscape and locate the best area for you and your family.
We’ll start with the big picture… Wyoming has an estimated population of 515,000* and around 97,100 square miles of land. The total number of housing units is 239,088, of which about 144,100 are owner-occupied and 63,200 are inhabited by renters. Roughly 31,800, or 13.3 percent, of the residences in the state are vacant. The median home value in Wyoming is $148,900 and the median household income is $47,423. For an idea of how this sizes up with national averages – the median home value in the U.S. is $185,200 and the median household income is $48,451.
Statewide figures provide a good overview of Wyoming, but when you’re planning to relocate to the region, knowing what types of housing are available is the most important thing. So here’s a breakdown of what Wyoming real estate has to offer…
About 3,300 homes in Wyoming are new construction, developed in 2005 or after (another 15,600 were put up between 2000 and 2004). Wyoming has its share of vintage charm as well with 33,600 residences built prior to 1940. The total number of detached, single-family houses across the state is 158,400, and there’s also a good selection of multi-unit residences and condos. Most homes have 3 bedrooms, but size varies greatly depending on where you look. And, in case you’re wondering about how your budget will pan out in The Equality State, monthly mortgage costs in [Alabama] generally hover between $700 and 2,000.
Relocation Resources
*All statistics are from the 2006 American Community Survey as shown on the U.S. Census Bureau website.
Sources: factfinder.census.gov and www.city-data.com
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