Wyoming Rental Portfolio Guide
What you need to know before building or growing a rental portfolio in Wyoming — property tax burden, state income tax, security-deposit rule, source-of-income law, and the metros that actually cash-flow after accounting for local taxes.
Tax burden on Wyoming rentals
Property tax
0.61%
effective rate on median home value
At 0.61% effective, the property tax burden sits in the lower half nationally (rank 11 of 51). Modest annual carrying cost keeps cash flow projections realistic on median-priced homes.
State income tax
None
top marginal rate
No state income tax means rental income and gains from sales flow through your federal return without a state surcharge. This is a structural tailwind for long-term portfolio compounding, especially if you plan to sell into gains later.
Security deposit rule
No statutory cap on security deposits. Landlords set the deposit at whatever the market accepts — typically one to two months' rent, sometimes more for higher-risk applicants or pets. Local ordinances may still apply.
Deposit rules change; verify current statute before drafting a lease.
Best cash-flow markets in Wyoming
Modeled monthly cash flow on a median-priced single-family purchase at 20% down, 30-year fixed, using Wyoming’s 0.61% effective property tax rate plus 25% of rent for insurance, maintenance, vacancy and management.
| Market | Median price | Median rent | Annual property tax | CF / month |
|---|---|---|---|---|
| Casper, WY | $313,211 | $1,388 | $1,911 | $-760 |
| Rock Springs, WY | $293,552 | $993 | $1,791 | $-944 |
| Gillette, WY | $334,953 | $1,238 | $2,043 | $-997 |
| Riverton, WY | $323,361 | $1,150 | $1,973 | $-997 |
| Cheyenne, WY | $390,859 | $1,485 | $2,384 | $-1,134 |
| Laramie, WY | $377,041 | $1,172 | $2,300 | $-1,289 |
State median across the metros: $355,997 home, $1,313 rent, $-1,065/mo modeled cash flow.
Track your Wyoming rental portfolio
The Pro Portfolio Tracker rolls up every property in your portfolio, auto-revalues them monthly against local price data, and flags DSCR risk and equity milestones. Each Wyoming property carries the state-specific tax burden shown above through to the cash flow calculation.
Property tax rate: Tax Foundation. Security deposit rule: state statute. Verify current law before making decisions — statutes change and this page is a planning reference, not legal or tax advice.