The story of this market
The typical home in Ranchester, Wyoming sells for about $365,000, or $267 per square foot.
Homes take about 3.9 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $763 a month.
Monthly price momentum
Home values since 2015
+5%
WY · past 12 months
Freddie Mac House Price Index, single-family homes, monthly through 2026-08. Each line starts at 100 in January 2015, so a reading of 180 means prices are up 80% since then.
Ranchester, Wyoming
Ranchester's housing market is characterized by low inventory and steady demand, with a median home value of approximately $365,000. The town's growth is constrained by its small size, but it remains an attractive, affordable alternative to the nearby Sheridan market. Current conditions are driven by limited supply and a stable local economy.
No ARED county foreclosure postings attributed to Ranchester yet — the verified ledger covers every county the foreclosure ingest has read, attributed by published city area. Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.
Deterministic aggregate of 1 researched ZIP reports — sales_count-weighted (population fallback); per point, children lacking the value or its weight are excluded. Tax rates, sentiment and context notes are tier-native and never roll.
Median prices moved up 4.2% year over year.
Homes spend a median of 88 days on market with 4.0 months of supply — a balanced-paced market.
12% of listings have cut prices · homes sell at 97.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · poverty 16.8% — a stable, low-distress profile.
The amenity base that shapes daily life and property demand in this city — what residents actually live with, and what the pipeline is adding.
A central community space providing green space and recreational facilities for local residents.
Provides vast wilderness access for hiking, camping, and winter sports, significantly enhancing the area's appeal for outdoor enthusiasts.
Ranchester is well-suited for families and individuals seeking a quiet, small-town lifestyle with proximity to the Bighorn Mountains. It appeals to those who prioritize safety and outdoor access over urban amenities, offering a more affordable entry point compared to larger regional hubs like Sheridan.
Public education is primarily served by Sheridan County School District 1, which is recognized for its small class sizes and community-focused approach. The district maintains a positive reputation within the region for its academic support and extracurricular engagement.
Transportation is primarily reliant on personal vehicles, with U.S. Route 14 serving as the main corridor connecting the town to Sheridan and the Bighorn Mountains. There is no significant public transit infrastructure within the city limits.
Ranchester offers immediate access to outdoor amenities, including the Ranchester Town Park and proximity to the Bighorn National Forest. These areas provide residents with extensive opportunities for hiking, fishing, and seasonal recreation, serving as a primary draw for the local lifestyle.
The rental market is characterized by limited inventory and high demand, with a median rent of approximately $763. Vacancy pressure remains tight due to the small housing stock, and the market is primarily composed of long-term residential leases rather than short-term vacation rentals.
The local economy is anchored by small-scale services and regional employment in Sheridan, with a focus on maintaining a stable, low-density environment. The town serves as a residential base for workers in the broader Sheridan County area.
Economic momentum is driven by local services and proximity to the Sheridan employment hub, with modest residential development occurring to meet housing needs. Infrastructure upgrades are ongoing to support the town's gradual population growth and utility requirements.
Development is focused on incremental residential growth, with a reported need for approximately 128 new housing units over the next five years to accommodate population trends.
Parcels in Ranchester are subject to standard county-level taxing districts, including school district levies and local fire protection services.
Ranchester maintains a property crime rate significantly lower than national averages, with reported incidents at approximately 12.6 per 1,000 residents. The area is generally considered safe, reflecting the low-density, small-town character of northern Wyoming.
The region faces typical Wyoming environmental risks, including high wind events and potential wildfire exposure in the surrounding foothills. Residents are encouraged to maintain adequate insurance coverage, though specific flood-zone designations vary by parcel proximity to the Tongue River.
Property insurance markets in the area are influenced by regional wildfire and wind risk profiles, with premiums generally reflecting the rural, high-plains environment.
Property taxes in Ranchester are administered by Sheridan County, utilizing a mill levy system applied to the assessed value of real property. Wyoming does not impose a state personal income tax, which serves as a significant fiscal benefit for local residents and property owners.
Data retrieved from Census Reporter and Data USA profiles.
No public schools report a street address in this area. Source: NCES EDGE public school locations 2023-24.