I’ve analyzed the Zillow Home Value Index data to identify Wyoming towns with the strongest property appreciation over the past decade. The results reveal fascinating patterns of growth across both remote communities and tourist destinations.
What’s particularly striking is how even smaller towns with modest starting prices have delivered impressive percentage returns, often outpacing national averages. This growth trajectory highlights Wyoming’s evolving real estate landscape, where limited housing supply meets increasing demand.
Below you’ll find the top 25 towns ranked from modest gainers to extraordinary performers, with year-by-year values and investment insights that can guide your real estate decisions in Wyoming’s diverse markets.
25. Torrington
- % change from 2016 to 2025: 66.95%
- Home value in 2016: $138,276
- Home value in 2017: $137,766
- Home value in 2018: $141,080
- Home value in 2019: $143,717
- Home value in 2020: $151,184
- Home value in 2021: $162,884
- Home value in 2022: $193,547
- Home value in 2023: $209,596
- Home value in 2024: $217,940
- Home value in 2025: $230,855
Your investment would have yielded approximately $92,579 over nine years in Torrington, representing a modest but steady 7.4% annual appreciation. While not the explosive growth seen elsewhere, this agricultural community offers stability and affordability with less volatility than tourist-dependent markets. First-time buyers will appreciate the sub-$250K price point that’s increasingly rare in Wyoming’s competitive landscape.
24. Lander
- % change from 2016 to 2025: 66.97%
- Home value in 2016: $221,962
- Home value in 2017: $223,245
- Home value in 2018: $220,930
- Home value in 2019: $230,133
- Home value in 2020: $239,770
- Home value in 2021: $261,869
- Home value in 2022: $314,484
- Home value in 2023: $341,779
- Home value in 2024: $358,933
- Home value in 2025: $370,601
With a total gain of $148,639, Lander presents a compelling mid-tier investment option with notable acceleration post-2021. The gateway to the Wind River Range has transformed from a sleepy mountain town to a desirable outdoor recreation hub, driving consistent demand. Your capital would outperform many traditional investments here while offering the tangible benefits of property ownership in an increasingly popular adventure destination.
23. Greybull
- % change from 2016 to 2025: 68.15%
- Home value in 2016: $138,731
- Home value in 2017: $136,426
- Home value in 2018: $138,283
- Home value in 2019: $135,651
- Home value in 2020: $147,409
- Home value in 2021: $169,012
- Home value in 2022: $198,631
- Home value in 2023: $220,838
- Home value in 2024: $222,020
- Home value in 2025: $233,277
Your investment here would deliver a $94,546 return since 2016, with particularly strong growth between 2020-2023 as remote work boosted rural markets. Greybull’s affordability represents an entry point for investors priced out of more expensive Wyoming communities. This Big Horn Basin town demonstrates that even modest-priced properties in smaller markets can generate significant percentage gains when purchased at the right time.
22. Thermopolis
- % change from 2016 to 2025: 69.54%
- Home value in 2016: $120,949
- Home value in 2017: $126,249
- Home value in 2018: $130,000
- Home value in 2019: $130,770
- Home value in 2020: $133,438
- Home value in 2021: $138,306
- Home value in 2022: $163,933
- Home value in 2023: $184,598
- Home value in 2024: $194,070
- Home value in 2025: $205,051
With $84,103 in appreciation over nine years, Thermopolis offers a 7.7% annualized return while maintaining the lowest current median price among the top 25. This hot springs destination showcases how tourism-adjacent properties can build wealth without requiring massive initial capital. Your investment strategy here benefits from both steady long-term growth and the potential for rental income from visitors seeking the town’s famous therapeutic waters.
21. Basin
- % change from 2016 to 2025: 70.77%
- Home value in 2016: $154,710
- Home value in 2017: $154,951
- Home value in 2018: $158,614
- Home value in 2019: $160,187
- Home value in 2020: $169,731
- Home value in 2021: $187,940
- Home value in 2022: $222,229
- Home value in 2023: $249,821
- Home value in 2024: $260,273
- Home value in 2025: $264,193
Your property investment would have grown by $109,483 in Basin, with particularly strong momentum during 2021-2023 when values increased over 32%. This county seat offers an attractive balance of government stability and rural affordability that appeals to value-conscious buyers. The data suggests Basin’s growth curve remains sustainable with modest but continued appreciation likely, making it a solid foundation for building equity without overextending financially.
20. Fort Laramie
- % change from 2016 to 2025: 71.32%
- Home value in 2016: $151,965
- Home value in 2017: $154,059
- Home value in 2018: $156,882
- Home value in 2019: $155,490
- Home value in 2020: $167,556
- Home value in 2021: $190,347
- Home value in 2022: $222,153
- Home value in 2023: $232,168
- Home value in 2024: $234,915
- Home value in 2025: $260,344
With a gain of $108,379 over the period, Fort Laramie demonstrates how historic communities can deliver competitive financial returns. The appreciation pattern shows accelerated growth between 2020-2022 followed by consolidation and a recent upswing. Your investment strategy here benefits from the town’s heritage tourism draw while maintaining an accessible price point that’s still below the state median, offering continued upside potential.
19. Glendo
- % change from 2016 to 2025: 72.29%
- Home value in 2016: $182,280
- Home value in 2017: $179,751
- Home value in 2018: $187,233
- Home value in 2019: $200,108
- Home value in 2020: $213,068
- Home value in 2021: $230,671
- Home value in 2022: $263,977
- Home value in 2023: $272,264
- Home value in 2024: $288,511
- Home value in 2025: $314,053
Your $182,280 investment in 2016 would now be worth $314,053, generating $131,773 in wealth through appreciation alone. Glendo’s lakeside location has driven steady value increases as outdoor recreation properties continue commanding premium prices. The financial trajectory shows consistent growth without the extreme volatility seen in luxury markets, making it an excellent portfolio diversifier that combines lifestyle benefits with compelling investment metrics.
18. Guernsey
- % change from 2016 to 2025: 73.27%
- Home value in 2016: $108,167
- Home value in 2017: $106,125
- Home value in 2018: $116,068
- Home value in 2019: $119,206
- Home value in 2020: $127,244
- Home value in 2021: $136,323
- Home value in 2022: $152,243
- Home value in 2023: $162,586
- Home value in 2024: $173,347
- Home value in 2025: $187,417
With the lowest initial investment requirement on this list at $108,167, Guernsey proves that substantial percentage returns don’t require large capital outlays. Your investment would have gained $79,250 while remaining Wyoming’s most affordable growth market. This railway heritage town demonstrates how overlooked communities with solid economic foundations can deliver superior ROI compared to more obvious investment locations, with values increasing steadily rather than speculatively.
17. Sundance
- % change from 2016 to 2025: 73.50%
- Home value in 2016: $210,442
- Home value in 2017: $212,093
- Home value in 2018: $210,735
- Home value in 2019: $213,597
- Home value in 2020: $233,584
- Home value in 2021: $260,149
- Home value in 2022: $306,142
- Home value in 2023: $318,641
- Home value in 2024: $334,713
- Home value in 2025: $365,127
Your investment would have gained $154,685 in Sundance, with particularly impressive 46% growth between 2019-2023 as pandemic-era buying accelerated values. This gateway to Devils Tower benefits from tourism flows while maintaining a diversified economy. The financial performance suggests properties here make excellent additions to retirement portfolios, combining strong appreciation with lifestyle benefits in this scenic northeastern corner of Wyoming.
16. Banner
- % change from 2016 to 2025: 76.80%
- Home value in 2016: $295,495
- Home value in 2017: $288,768
- Home value in 2018: $304,972
- Home value in 2019: $318,122
- Home value in 2020: $341,454
- Home value in 2021: $380,817
- Home value in 2022: $444,540
- Home value in 2023: $467,740
- Home value in 2024: $483,744
- Home value in 2025: $522,445
A $295,495 investment in 2016 would have appreciated to $522,445, creating $226,950 in equity over nine years. Banner’s premium pricing reflects its desirable location at the foot of the Bighorns, attracting wealthy buyers seeking mountain amenities. The financial narrative shows Banner properties weathering economic fluctuations extremely well, with values continuing upward even during the 2023-2024 high interest rate environment when many markets softened.
15. Powell
- % change from 2016 to 2025: 78.72%
- Home value in 2016: $230,264
- Home value in 2017: $236,776
- Home value in 2018: $239,058
- Home value in 2019: $246,215
- Home value in 2020: $262,390
- Home value in 2021: $292,198
- Home value in 2022: $340,463
- Home value in 2023: $368,307
- Home value in 2024: $389,589
- Home value in 2025: $411,526
Your investment would have generated $181,262 in wealth, with remarkable 67% growth from 2020-2025 during the pandemic and post-pandemic eras. Powell’s balance of agricultural stability and proximity to Yellowstone creates resilient property values. The financial trajectory shows consistent compounding gains rather than boom-bust cycles, making it excellent for building multi-generational wealth while enjoying the benefits of this college town’s quality of life.
14. Centennial
- % change from 2016 to 2025: 80.97%
- Home value in 2016: $195,768
- Home value in 2017: $202,418
- Home value in 2018: $202,887
- Home value in 2019: $210,226
- Home value in 2020: $228,585
- Home value in 2021: $252,290
- Home value in 2022: $293,593
- Home value in 2023: $319,507
- Home value in 2024: $325,807
- Home value in 2025: $354,289
With appreciation of $158,521 and average annual returns of 9%, Centennial demonstrates the strong investment potential of mountain recreation properties. Your capital would have grown most dramatically during 2020-2023, riding the outdoor lifestyle wave. The financial performance indicates mountain access properties like these continue commanding premium appreciation rates compared to the broader market, making them valuable portfolio assets despite their seasonal nature.
13. Lucerne
- % change from 2016 to 2025: 82.31%
- Home value in 2016: $204,163
- Home value in 2017: $210,186
- Home value in 2018: $217,219
- Home value in 2019: $226,008
- Home value in 2020: $235,866
- Home value in 2021: $254,736
- Home value in 2022: $304,864
- Home value in 2023: $323,511
- Home value in 2024: $345,183
- Home value in 2025: $372,215
Your investment would have generated $168,052 in equity, with particularly notable 46% growth between 2020-2025 as pandemic buyers sought water-adjacent properties. Lucerne’s lakeside setting commands an increasing premium in Wyoming’s competitive market. The financial pattern shows accelerating appreciation as water access becomes more valuable each year, suggesting continued upside potential even at current valuations for this hot reservoir community.
12. Evanston
- % change from 2016 to 2025: 82.48%
- Home value in 2016: $159,362
- Home value in 2017: $160,599
- Home value in 2018: $161,977
- Home value in 2019: $169,394
- Home value in 2020: $177,817
- Home value in 2021: $196,517
- Home value in 2022: $240,843
- Home value in 2023: $271,093
- Home value in 2024: $279,144
- Home value in 2025: $290,804
A $159,362 investment in 2016 has blossomed into $290,804, delivering $131,443 in wealth creation through a consistent upward trajectory. Evanston’s border location with Utah creates unique market dynamics that have benefited property owners. Your financial returns here demonstrate how cross-border economic influences can drive above-average appreciation in strategic locations, with values continuing to climb despite market headwinds in 2023-2024.
11. Hanna
- % change from 2016 to 2025: 85.70%
- Home value in 2016: $62,923
- Home value in 2017: $63,410
- Home value in 2018: $69,243
- Home value in 2019: $69,714
- Home value in 2020: $63,257
- Home value in 2021: $71,572
- Home value in 2022: $79,831
- Home value in 2023: $96,280
- Home value in 2024: $112,550
- Home value in 2025: $116,851
Despite requiring the smallest initial investment at $62,923, Hanna delivered an impressive 85.7% return totaling $53,928 in appreciation. The 2020 dip followed by strong post-pandemic recovery demonstrates market resilience in this coal country town. Your investment strategy here highlights how ultra-affordable markets can deliver superior percentage returns while requiring minimal capital, making this an excellent starter investment with surprisingly strong performance metrics.
10. Yoder
- % change from 2016 to 2025: 90.18%
- Home value in 2016: $184,231
- Home value in 2017: $189,545
- Home value in 2018: $193,685
- Home value in 2019: $197,149
- Home value in 2020: $205,311
- Home value in 2021: $238,517
- Home value in 2022: $284,273
- Home value in 2023: $291,864
- Home value in 2024: $310,472
- Home value in 2025: $350,373
Your investment would have yielded a remarkable $166,142 gain, with the strongest growth occurring during 2020-2022 when values surged 38%. Yoder’s agricultural stability combined with relative proximity to Cheyenne makes it a strategic investment choice. The financial performance demonstrates how rural properties with specific locational advantages can outperform broader markets, delivering both lifestyle benefits and exceptional returns in this southeastern farming community.
9. Lovell
- % change from 2016 to 2025: 90.25%
- Home value in 2016: $145,204
- Home value in 2017: $145,903
- Home value in 2018: $153,441
- Home value in 2019: $157,068
- Home value in 2020: $167,845
- Home value in 2021: $189,484
- Home value in 2022: $225,375
- Home value in 2023: $244,618
- Home value in 2024: $264,219
- Home value in 2025: $276,248
A $145,204 investment has grown to $276,248, generating $131,044 in wealth with a strong 10% average annual return. Lovell’s Big Horn Basin location benefits from both agricultural stability and growing tourism interest. Your investment strategy here capitalizes on Wyoming’s perfect storm of limited housing supply, outdoor lifestyle demand, and relative affordability compared to nearby states, with values doubling over nine years despite starting from a modest baseline.
8. Cody
- % change from 2016 to 2025: 90.55%
- Home value in 2016: $258,977
- Home value in 2017: $266,533
- Home value in 2018: $273,692
- Home value in 2019: $285,446
- Home value in 2020: $303,026
- Home value in 2021: $332,809
- Home value in 2022: $389,199
- Home value in 2023: $426,563
- Home value in 2024: $461,327
- Home value in 2025: $493,473
Your investment would have gained $234,496 in Cody, with the strongest period coming during 2020-2024 when values surged over 50% in just four years. This Yellowstone gateway town combines tourism economics with a diversified business base. The financial pattern shows premium positioning in Wyoming’s market, with consistent appreciation through multiple economic cycles suggesting fundamental demand rather than speculative interest driving these impressive returns.
7. Hulett
- % change from 2016 to 2025: 90.94%
- Home value in 2016: $202,125
- Home value in 2017: $196,756
- Home value in 2018: $204,048
- Home value in 2019: $209,222
- Home value in 2020: $221,438
- Home value in 2021: $250,138
- Home value in 2022: $294,985
- Home value in 2023: $319,623
- Home value in 2024: $336,150
- Home value in 2025: $385,934
With appreciation totaling $183,809 and annual returns averaging 10.1%, Hulett demonstrates the investment power of tourism-adjacent properties. The financial timeline shows resilience through initial 2017 softness followed by consistent gains thereafter. Your capital would benefit from both the steady appreciation typical of Wyoming’s northeastern markets and the growing premium for properties near Devils Tower, with values rising sharply in 2025 after a consolidation period.
6. Dubois
- % change from 2016 to 2025: 97.69%
- Home value in 2016: $218,216
- Home value in 2017: $222,702
- Home value in 2018: $223,999
- Home value in 2019: $236,053
- Home value in 2020: $255,307
- Home value in 2021: $286,857
- Home value in 2022: $358,116
- Home value in 2023: $390,881
- Home value in 2024: $415,442
- Home value in 2025: $431,395
Your investment would have nearly doubled with $213,178 in appreciation, including a remarkable 40% surge during 2021-2022 alone. Dubois exemplifies how mountain communities with limited inventory can experience explosive growth periods. The financial trajectory reveals both the wealth-building potential and the periodic volatility of destination markets, with rapid value acceleration followed by more moderate growth as prices reach new equilibrium points in this Wind River Valley gem.
5. Aladdin
- % change from 2016 to 2025: 104.13%
- Home value in 2016: $258,486
- Home value in 2017: $266,905
- Home value in 2018: $280,233
- Home value in 2019: $289,740
- Home value in 2020: $313,269
- Home value in 2021: $367,770
- Home value in 2022: $438,189
- Home value in 2023: $444,517
- Home value in 2024: $476,220
- Home value in 2025: $527,659
A $258,486 investment has more than doubled to $527,659, delivering $269,173 in wealth creation over nine years. Aladdin’s 104% return represents the exceptional potential of Wyoming’s unique character towns. Your financial returns here demonstrate the premium market places on authentic western communities, with the most dramatic growth coming between 2020-2022 when values surged 40% during the pandemic-fueled rush for distinctive rural properties.
4. Alta
- % change from 2016 to 2025: 123.28%
- Home value in 2016: $805,522
- Home value in 2017: $829,055
- Home value in 2018: $868,891
- Home value in 2019: $872,244
- Home value in 2020: $945,886
- Home value in 2021: $1,101,065
- Home value in 2022: $1,341,791
- Home value in 2023: $1,553,879
- Home value in 2024: $1,851,989
- Home value in 2025: $1,798,585
Your $805,522 investment would have appreciated to $1,798,585, generating nearly $1 million in wealth through land-constrained Teton County economics. Alta’s proximity to Jackson Hole and Grand Teton National Park drives premium valuations. The financial pattern shows extraordinary gains interrupted only by a slight 2024-2025 correction after values more than doubled in just five years, highlighting both the wealth creation potential and occasional volatility in Wyoming’s luxury mountain market.
3. Moran
- % change from 2016 to 2025: 123.49%
- Home value in 2016: $722,481
- Home value in 2017: $758,441
- Home value in 2018: $798,309
- Home value in 2019: $853,621
- Home value in 2020: $877,934
- Home value in 2021: $990,225
- Home value in 2022: $1,287,528
- Home value in 2023: $1,381,737
- Home value in 2024: $1,602,643
- Home value in 2025: $1,614,674
With an astounding $892,193 gain representing 13.7% annually compounded, Moran exemplifies the investment power of proximity to Grand Teton National Park. Your capital would have increased most dramatically between 2021-2022 when values jumped 30% in a single year. The financial story showcases how limited supply meets ultra-wealthy demand in Wyoming’s premier locations, creating extraordinary returns that far outpace traditional investments despite the significant initial capital requirement.
2. Wilson
- % change from 2016 to 2025: 132.81%
- Home value in 2016: $1,329,453
- Home value in 2017: $1,374,462
- Home value in 2018: $1,473,293
- Home value in 2019: $1,615,413
- Home value in 2020: $1,707,901
- Home value in 2021: $1,870,256
- Home value in 2022: $2,640,147
- Home value in 2023: $2,810,045
- Home value in 2024: $3,132,977
- Home value in 2025: $3,095,033
Your investment would have generated an extraordinary $1,765,580 in appreciation, with the most dramatic growth occurring between 2021-2022 when values surged 41%. Wilson’s position as Jackson Hole’s premier luxury enclave drives these astronomical valuations. The financial trajectory reveals both the wealth-building potential and slight 2024-2025 correction in Wyoming’s ultra-luxury market, where limited inventory combines with global wealth seeking trophy properties to create investment returns unmatched by nearly any other asset class.
1. Jackson
- % change from 2016 to 2025: 138.10%
- Home value in 2016: $827,620
- Home value in 2017: $851,374
- Home value in 2018: $924,848
- Home value in 2019: $1,000,376
- Home value in 2020: $1,045,065
- Home value in 2021: $1,158,001
- Home value in 2022: $1,645,561
- Home value in 2023: $1,810,733
- Home value in 2024: $2,016,199
- Home value in 2025: $1,970,522
Your investment would have delivered an exceptional $1,142,903 in appreciation, representing the strongest percentage growth in Wyoming at 138.1%. Jackson’s world-renowned status as a mountain resort destination has created explosive value increases. The financial story reveals both extraordinary wealth creation and signs of a slight market correction in 2025, suggesting potential cyclicality in ultra-premium markets where values have more than doubled in nine years and tripled since the 2008 recession.
