The story of this market
The typical home in ZIP 82839 sells for about $406,231, or $215 per square foot.
Prices are up +4.2% from a year ago, so sellers still have some momentum. Homes take about 88 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $909 a month.
ZIP 82839 — Ranchester
The housing market in 82839 is stable with limited inventory and moderate price growth. High price-to-rent ratios suggest the area is primarily driven by owner-occupants rather than investors. Figures for active listings and sales are based on current market reports for the Ranchester area.
This ZIP is best suited for families and outdoor enthusiasts seeking a quiet, small-town lifestyle with proximity to the Bighorn Mountains and a manageable commute to Sheridan.
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) · unemployment 3.5% · poverty 6.2% — 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 7.3%/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 5.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 82839, Sheridan County WY
Crime rates in the Ranchester area are generally low, consistent with the rural character of Sheridan County and significantly below national averages.
Schools serving the area are part of Sheridan County School District 1, which is generally regarded for its small class sizes and community-focused educational environment.
The area faces moderate risks related to wildfire and winter weather conditions, typical of the eastern slope of the Bighorn Mountains.
Economic momentum is driven by local services, tourism, and proximity to Sheridan's employment base, with steady but limited residential development.
Property taxes are assessed at the county level based on fair market value; Wyoming does not impose a state personal income tax, which benefits local homeowners.
Commuting is primarily car-dependent, with most residents traveling along US-14 toward Sheridan for employment and major services.
The area offers immediate access to the Bighorn National Forest for hiking and fishing, with local parks and community facilities in Ranchester.
The rental market is characterized by limited inventory and high price-to-rent ratios, making it challenging for investors to achieve immediate cash flow.
The local economy is anchored by agriculture, tourism, and small businesses, with many residents commuting to the larger Sheridan labor market.
Transportation is almost exclusively via private vehicle, with US-14 serving as the primary corridor connecting the area to the regional hub of Sheridan.
Development is largely limited to small-scale residential projects and local infrastructure maintenance.
The Sheridan County Assessor manages property valuations, typically conducting periodic reviews to ensure assessments align with market trends.
Parcels are served by Sheridan County School District 1 and local fire protection districts.
Property insurance premiums are influenced by regional wildfire risk and the cost of construction in rural Wyoming.
Data retrieved from ZCTA-level census profiles for 82839.
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.
Extensive public lands for hiking, camping, and winter sports.
Local community space for recreation and events.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.