65 / 100

Natrona County, WY

Casper

RANK #343 / 996 NAT  ·  POP 79,506

1YR FORECAST: +2.0%

5YR OUTLOOK: +28%

Our model projects above-average housing market growth for Natrona County at +2.0% over the next year.

[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] Top Employers

  1. 1
    Wyoming Medical Center Healthcare
    5,000+
  2. 2
    Retail Trade Businesses Retail
    2,500+
  3. 3
    Natrona County School District Education
  4. 4
    Natrona County Government Government
    500+
  5. 5
    Wyoming Machinery Other
  6. 6
    Central Wyoming Counseling Center Healthcare
  7. 7
    SST Energy Energy
  8. 8
    Community Health Centers of Central Wyoming Healthcare
  9. 9
    True Drilling Energy
  10. 10
    Automation & Electronics Technology

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[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
Bachelor's Degree+
26.6%
of residents (national avg: 33%)

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] Crime & Safety

C+
SAFETY
GRADE
Homicide Rate
5.0
per 100K · nat avg 6.3
Firearm Fatalities
26.8
per 100K · nat avg 14.8
Injury Deaths
105.5
per 100K · nat avg 76.3
vs National Average
Below national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Air Quality

B
AIR QUALITY
GRADE
Median AQI (3yr)
42.0
Good
Good Air Days
86%
943 of 1,095 days
Unhealthy+ Days (3yr)
7
Sensitive groups affected
Primary Pollutant
Ozone
Ground-level ozone
Yearly Trend
2021
42
2022
42
2023
42
Median AQI · lower is better

Source: EPA Air Quality System (2021–2023). Grade based on 3-year average median AQI. Learn about AQI →

[07] 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.

[08] 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.

[09] Frequently Asked Questions

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

With a Boom Town Index score of 65/100, Natrona County sits in the upper half of all 996 ranked counties. Employment is expanding at +1.5%, and median household income stands at $69,104 — indicators that suggest solid fundamentals even if it's not among the fastest-growing counties in WY.

Is Natrona County affordable?

Housing in Natrona County is roughly in line with national affordability norms. The median home costs $247,600 and the income-to-home-value ratio sits at 0.28, with rents averaging $945/month. Not a bargain, but not a stretch for most local earners either.

Is Natrona County growing or shrinking?

Employers in Natrona County are hiring — job growth of +1.5% — but the population is close to flat (+0.2% YoY). Home values moved +1.2% over the past year. Labor demand is outpacing local population growth, which tends to tighten wages and housing.

Are many people relocating to Natrona County?

Not particularly — 1.79% of Natrona County's population moved in from another state, which is below the national average. Most residents are long-term locals rather than recent transplants.

[10] Similar Counties by Size & Score

Laramie County, WY 74 Augusta County, VA 65 Union County, OH 65 Bartholomew County, IN 66 Angelina County, TX 64 Chippewa County, WI 66 Pottawattamie County, IA 66 Lamar County, MS 64