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Natrona County, WY

RANK #393 / 1001 NAT  ·  POP 79,977

1YR FORECAST: +0.1%

5YR OUTLOOK: +30%

Natrona County's housing market is projected to grow +0.1% over the next year, tracking near the national average.

[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.

MARKET PROFILE
LEANS TOWARD

Educated Suburban Growth

Natrona County is one of 110 U.S. counties in this market profile — stronger than typical on the BoomTown Index. Within this cohort, its recent home-price change of +1.2% runs below the profile's typical +2.4%.

See all 110 Educated Suburban Growth counties →

[02] Market Snapshot

Housing Ratio
8.6x

Overvalued relative to economy

Home Prices
+1.2%

Below national median

Climate & Terrain
2.5

Moderate climate & terrain

Price/Rent
17x

Above national median (15x)

Housing looks overvalued at 8.6x — home prices are high 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

Bars show trailing 12-month growth. The dashed Forecast bars are the model's next-12-month projection; the whisker marks the ±1% range (cooling–accelerating).

The Numbers

DEMOGRAPHICS
Population
79,977
+0.3% YoY
Median Household Income
$72,156
Median Home Value
$273,000
+1.2% 12mo
Median Rent
$1,016
Average Annual Pay
$63,415
+3.3% YoY
Employment
40,136
+0.3% YoY
Income-to-Home-Value
0.2643
More affordable than average
Migration Inflow
2.31%
of pop. from another state
Bachelor's Degree+
27.7%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$365,000
Days on Market
33
Active market
Months of Supply
1.9
Seller's market
Sale-to-List Ratio
98.6%
Near asking price
Sold Above List
21.9%
Listings w/ Price Drops
22.4%
Building Permits (2025)
199
Single-Family Permits
197

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

Population Growth +0.3% 34 percentile
Income Growth +1.3% 19 percentile
Vacancy Rate 1.0% 45 percentile
Home Price Change +1.2% 42 percentile
Rent Growth +4.0% 68 percentile
Price/Rent 17x 31 percentile

Bars show percentile rank among all 1001 counties.

[09] Frequently Asked Questions

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

With a Boom Town Index score of 60/100, Natrona County sits in the upper half of all 1001 ranked counties. and median household income stands at $72,156 — 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 $273,000 and the income-to-home-value ratio sits at 0.26, with rents averaging $1,016/month. Not a bargain, but not a stretch for most local earners either.

Is Natrona County growing or shrinking?

Population and employment in Natrona County are both close to flat — population +0.3% YoY and jobs +0.3%. Home values shifted +1.2% over the past 12 months. A steady-state county, neither expanding quickly nor shrinking.

Are people moving to Natrona County?

There's a moderate stream of newcomers. About 2.31% of residents moved from another state, which is above average and suggests Natrona County has appeal as a relocation destination — though it's not among the highest-inflow counties nationally.

[10] Similar Counties by Size & Score

Laramie County, WY 98 Clinton County, NY 60 Wood County, WV 60 Franklin County, MA 60 Stanly County, NC 60 Grant County, WI 60 Indiana County, PA 61 Cayuga County, NY 59