The story of this market
The typical home in ZIP 82832 sells for about $333,500, or $185 per square foot.
Prices are up +4.2% from a year ago, so sellers still have some momentum. Homes take about 68 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $877 a month.
ZIP 82832 — Banner
The housing market in 82832 remains stable with low inventory and steady demand from local buyers. Prices have seen modest year-over-year growth, reflecting the limited supply of available single-family homes in this rural community. Market activity is currently constrained by low turnover rather than a lack of interest.
This area is best suited for families and outdoor enthusiasts seeking a quiet, rural lifestyle with proximity to the Bighorn Mountains and a small-town community feel.
Median prices moved up 4.2% year over year.
Homes spend a median of 68 days on market with 6.0 months of supply — a balanced-paced market.
15% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.8% · poverty 1.9% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 82832, Sheridan County WY
Crime rates in the area are consistently reported as very low, significantly below both state and national averages.
Schools serving the area are part of the Sheridan County School District, generally characterized by small class sizes and high community engagement.
The area faces moderate wildfire risk typical of the eastern slope of the Bighorn Mountains, with standard insurance requirements for rural Wyoming properties.
Economic momentum is driven by local tourism, agriculture, and proximity to Sheridan, with limited large-scale industrial development.
Property taxes are assessed by Sheridan County based on fair market value; Wyoming has no state personal income tax, which benefits local residents.
Commuting primarily involves driving via US Highway 14 toward Sheridan, which serves as the regional employment and service hub.
The area offers immediate access to the Bighorn National Forest for hiking, fishing, and snowmobiling, with local parks providing community-focused green space.
The rental market is extremely limited with low inventory, primarily consisting of single-family homes rather than multi-family complexes.
The local economy is anchored by agriculture, tourism, and small-scale retail, with many residents commuting to Sheridan for professional services.
Transportation is entirely car-dependent, relying on US Highway 14 as the primary artery for regional connectivity.
There are no major large-scale commercial or residential developments currently approved or under construction in the ZIP.
Sheridan County Assessor maintains property valuations based on annual market analysis and state-mandated assessment cycles.
Parcels are subject to Sheridan County School District 1 and local fire protection district levies.
Property insurance premiums are stable but reflect the regional wildfire risk profile of the Bighorn foothills.
Wyoming is a non-judicial foreclosure state with specific notice and redemption periods defined by statute.
Sellers are required to provide a standard real estate disclosure form covering known material defects.
Data retrieved from US Census Bureau ACS profiles for ZCTA 82832.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
Provides local fishing and recreational access.
Major regional anchor for outdoor recreation.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.