Gillette, WY housing market
Typical home value
$339K
▼ 3.0% 1 yr
Typical rent
$1,265/mo
▲ 3.7% 1 yr
Gross rent yield
4.5%
U.S. 6.3%
5-year home value change
+19%
U.S. +20%
Key takeaways
- 1The typical home in Gillette is worth $339,035, down 3.0% over the past year and up 19% over five years.
- 2Typical rent is $1,265 a month (+3.7% YoY), a gross rent yield of 4.5% (below the Gillette, WY metro's 4.5%).
- 3With 20% down at 7.32%, principal and interest on the typical home is about $1,863/mo, $598 more than typical rent.
- 4Zillow forecasts the Gillette, WY metro's home values to change +3.1% over the next 12 months.
Market temperature (Gillette, WY metro)
Neutral market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 53/100, #104 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Gillette compares
| Measure | Gillette | Gillette, WY metro | United States |
|---|---|---|---|
| Typical home value | $339,035 | $338,700 | $366,157 |
| Home value, 1-yr change | −3.0% | −2.2% | +1.2% |
| Typical rent | $1,265 | $1,273 | $1,932 |
| Rent, 1-yr change | +3.7% | +4.3% | +2.7% |
| Gross rent yield | 4.5% | 4.5% | 6.3% |
| Price-to-rent ratio | 22.3 | 22.2 | 15.8 |
| Mortgage P&I, typical home | $1,863 | $1,861 | $2,012 |
Run the numbers
Rental property calculator
Cash flow on a typical Gillette rental, pre-filled.
Rent vs buy in Gillette
Which costs less over the years you'll stay.
Mortgage calculator
Monthly payment on a $339K home.
City figures are Zillow's typical home value (ZHVI) and observed rent (ZORI). Gross yield is before expenses. Data refreshed Oct 26, 2026.