Builders Patch | HousingCount: Wyoming affordable housing data and latest news
Wyoming
Summary
Wyoming state is facing challenges to housing affordability. For every 100 low-income renter households, there are 77 units available that are affordable to them. The median household income in the state is $39,506 whereas the median rent in the state $752. Currently, the state is short over 3,552 low-income housing units, meaning rental units that are affordable to households earning ≤60% of AMI.
Key Statistics
- 28.3% share of renter households
- 40.0% share of low-income households
- 38.5% share of rent-burdened households
Renter Population Data
| Type of Households |
Households |
% share |
| Renter households |
65,294 |
28.3% |
| Homeowner households |
165,359 |
71.7% |
| Total households |
230,653 |
100.0% |
| Low-income renter households |
26,128 |
40.0% |
Renter Households by Income Group
| Income Group |
Households |
% share |
| Extremely low-income (≤30% AMI) |
8,074 |
12.4% |
| Very low-income (31-50% AMI) |
7,567 |
11.6% |
| Low-income (51-80% AMI) |
10,487 |
16.1% |
Rent-Burdened Households
| Burden Level |
Households |
% share |
| Moderately rent-burdened |
13,567 |
20.8% |
| 30.0–34.9% |
5,148 |
7.9% |
| 35.0–39.9% |
3,384 |
5.2% |
| 40.0-49.9% |
5,035 |
7.7% |
| Severely rent-burdened |
11,559 |
17.7% |
| Total |
25,126 |
38.5% |
Affordable Housing Shortage
| Category |
Amount ($) |
| Median household income (2010) |
33,550 |
| Median household income (2021) |
39,506 |
| Increase (2010–2021) |
17.8% |
| Median rent (2010) |
552 |
| Median rent (2021) |
752 |
| Increase (2010–2021) |
36.2% |
Supply, Demand & Shortage
| Units |
Quantity |
| Supply (current stock) |
12,089 |
| Demand (total units needed) |
15,641 |
| Shortage |
3,552 |
| Supply/Demand Ratio |
77.3% |
Housing News
How Fed Rate Cuts Impact the Housing Market
- Lower Mortgage Rates: Fed rate cuts have reduced the average 30-year mortgage rate from 7.79% to 6.2%.
- Home Sales: Declining rates may encourage homeowners to sell, yet recovery of the resale market is expected to be gradual.
- Ongoing Supply Issues: Despite lower rates, housing shortages persist due to zoning restrictions and material shortages.
States With the Largest Homeless Populations
In 2023, approximately 653,000 homeless individuals were reported in the U.S., a 12% increase since 2020. The top 10 states include:
- California (181,399)
- New York (103,200)
- Florida (30,756)
- Washington (28,036)
- Texas (27,377)
- Oregon (20,142)
- Massachusetts (19,141)
- Colorado (14,439)
- Arizona (14,237)
- Pennsylvania (12,556)
Shortage Statistics for ELI & VLI Renters
County statistics coming soon...
Resource Links