Is Gillette, WY a good place to invest in rental property?

Gillette, WY has a median modeled monthly cash flow of $-892 and a median cap rate of 3.1%, on a median sold price of $310,000. Prices changed +6.4% year over year.

What is the average cap rate in Gillette, WY?

The median cap rate across recently sold homes in Gillette, WY is 3.1%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Gillette, WY?

The median sold price in Gillette, WY is $310,000 (about $166 per square foot).

Investing in Gillette, WY Real Estate

A data-driven snapshot of the Gillette, WY rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$310,000Median sold price

$166Median $/sqft

3.1%Median cap rate

$-892Modeled cash flow / mo

+6.4%Appreciation YoY

6.7Months of supply

346Active listings

619Sold (last 12 mo)

What the Gillette numbers say

In Gillette, WY, the median home sold for $310,000 (about $166 per square foot), and the typical deal models out to a 3.1% cap rate with a median $-892 of monthly cash flow. Sold prices moved +6.4% over the past year. Inventory sits at about 6.7 months of supply. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Wyoming markets to compare

See Gillette cash-flowing listings

CashFlowRE ranks every for-sale home in Gillette, WY by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Gillette deals, or browse the national market data.