Gillette housing market
Typical home value
$339K
▼ 2.2% 1 yr
Typical rent
$1,273/mo
▲ 4.3% 1 yr
12-month forecast
+3.1%
#130 of 546 metros
Gross rent yield
4.5%
#469 of 546 · U.S. 6.3%
Days to pending
46 days
▼ −4 days 1 yr
Listings with a price cut
21%
▼ −3.8 pts 1 yr
Key takeaways
- 1The typical home is worth $338,700, down 2.2% in a year and up 21% over five years.
- 2Zillow forecasts home values rising 3.1% over the next 12 months (U.S.: +1.1%).
- 3Typical rent is $1,273/mo (+4.3% YoY), a 4.5% gross yield, below the U.S. 6.3%.
- 4At 7.32% with 20% down, the typical home costs $1,861/mo in principal and interest, $588 more than renting.
- 5Homes go under contract in 46 days (−4 days vs last year); 21% of listings have had a price cut.
Market temperature
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
How fast homes are selling
For saleNew listings
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Gillette compares
| Measure | Gillette | United States | Rank of 546 |
|---|---|---|---|
| Home value, 1-yr change | −2.2% | +1.2% | #529 |
| Home value, 5-yr change | +20.9% | +19.7% | |
| 12-month forecast | +3.1% | +1.1% | #130 |
| Rent, 1-yr change | +4.3% | +2.7% | #160 |
| Gross rent yield | 4.5% | 6.3% | #469 |
| Price-to-rent ratio | 22.2 | 15.8 | |
| Mortgage P&I on typical home | $1,861 | $2,012 | |
| Days to pending | 46 | 56 |
Cities in the Gillette metro
1 cities with home value and rent data.
| Gillette | $339K | ▼ 3.0% | $1,265 | ▲ 3.7% | 4.5% |
Run the numbers
Rental property calculator
Cash flow on a typical Gillette rental ($339K, $1,273/mo), pre-filled.
Mortgage calculator
Monthly payment on a typical Gillette home.
Rent vs buy
Is it cheaper to rent or buy in Gillette?
Other Wyoming metros
Cheyenne, WY
$390K home$1,529 rent4.7% yield
▲ 3.4% 1 yr
Casper, WY
$312K home$1,429 rent5.5% yield
▲ 2.2% 1 yr
Rock Springs, WY
$289K home$1,107 rent4.6% yield
▼ 1.4% 1 yr
Riverton, WY
$328K home$1,176 rent4.3% yield
▲ 0.6% 1 yr
Laramie, WY
$383K home$1,125 rent3.5% yield
▲ 0.2% 1 yr
Jackson, WY
$1.44M home$3,458 rent2.9% yield
▲ 4.7% 1 yr
Gross yield = 12 × typical rent ÷ typical home value, before expenses. Mortgage estimate: 20% down, 30-year fixed at the current Freddie Mac average, principal and interest only. Forecast: Zillow Home Value Forecast. Data refreshed Oct 26, 2026.