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Natrona County, WY

RANK #369 / 996  ·  POP 79,506  ·  WY

PROJECTED GROWTH: +1.3%

Natrona County sits in the middle of the pack — stable but not accelerating.

[01] Why Natrona County?

Natrona County, Wyoming, is often recognized for Casper Mountain, a prominent landmark offering year-round outdoor activities like Nordic skiing, mountain biking, and hiking, along with scenic views of Garden Creek Falls. Located in east-central Wyoming, with Casper as its largest city and county seat, the county is situated along the North Platte River. The average commute time in Casper is around 16.5 minutes, shorter than the national average. The community offers a blend of historical charm and modern amenities, with a significant amount of public land for recreation. Residents have access to a diverse 10,768-acre park system, including urban and mountain parks, trails, lakes, and open spaces, providing opportunities for camping, biking, fishing, and boating.

Life in Natrona County is characterized by a strong connection to the outdoors and a conservative community. The Natrona County School District serves the entire county, including Casper, and offers public education with several highly-rated elementary schools. The local economy, historically rooted in the oil and gas industry, is experiencing diversification. While energy remains a component, there is a focus on expanding into other sectors, with recent investments flowing into data centers and various energy initiatives. Tourism also plays a role, with events and conferences contributing to the local economy.

[02] Market Snapshot

Housing Ratio
3.7x

Undervalued relative to economy

GDP Growth
+1.5%

Below national median

Home Prices
+1.2%

Below national median

Climate & Terrain
2.5

Moderate climate & terrain

Price/Rent
17x

Above national median (13x)

Housing looks undervalued at 3.7x — home prices are low relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Natrona County U.S. National

The Numbers

DEMOGRAPHICS
Population
79,506
+0.16% YoY
Median Household Income
$69,104
Median Home Value
$247,600
+1.19% 12mo
Median Rent
$945
Average Annual Pay
$61,394
+4.3% YoY
Employment
40,029
+1.5% YoY
Income-to-Home-Value
0.2791
More affordable than average
Migration Inflow
1.79%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$328,750
Days on Market
50
Moderate pace
Months of Supply
2.4
Seller's market
Sale-to-List Ratio
98.0%
Negotiation room for buyers
Sold Above List
14.6%
Listings w/ Price Drops
25.8%
Building Permits (2024)
310
Single-Family Permits
206

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Capital Investment

$1,314M
TOTAL
PROJECT AMOUNT STATUS
Project Casper (Carbon-Negative Digital Infrastructure Campus)
Prometheus Hyperscale, Spiritus, and Casper Carbon Capture
$500M Planned
Dinosolar 440 MW Solar Facility
Dinosolar, LLC
$440M Planned
EG Haystack Solar and Battery Storage Facility
EG Haystack Solar LLC (subsidiary of Enfinity Global)
$200M Proposed
Anticline Wind Farm
Anticline Wind, LLC
$124M Operating
Casper Mountain and Muddy Mountain Road Improvements
BLM and Natrona County Road and Bridge
$50M Under Construction

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth +1.5% 25 percentile
Population Growth +0.2% 37 percentile
Income Growth +7.8% 33 percentile
Vacancy Rate 1.6% 20 percentile
Home Price Change +1.2% 48 percentile
Rent Growth +5.2% 81 percentile
Price/Rent 17x 20 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Natrona County, WY a good place to move to?

Natrona County has a Boom Town Index score of 63/100, ranking #369 among 996 U.S. counties. With job growth at +1.5% and a median household income of $69,104, it's an above-average county on economic indicators.

Is Natrona County affordable?

The median home value in Natrona County is $247,600 with median rent at $945/month. The income-to-home-value ratio is 0.2791, which is more affordable than the national average.

Is Natrona County growing or shrinking?

Population growth: +0.2% year-over-year. Job growth: +1.5%. Home values changed +1.2% in the past 12 months.

[08] Similar Metros

Eddy County, NM 73 Erie County, NY 73 Warren County, NY 73 Butler County, OH 73 St. Clair County, MI 73 Sussex County, NJ 73 McKinley County, NM 73 Windsor County, VT 73