Building Costs Per Square Foot in the State of Wyoming, USA

Wyoming 27-S Mountain Road Sundance WY82729 - 3 Bed and 3 Baths with 3 Attached Garages on Gross Floor Area 3,412 sqft - Built in 2021 - Price $649,000 (3)

Newly Built House in Wyoming 27-S Mountain Road Sundance WY82729 – 3 Bed and 3 Baths with 3 Attached Garages on Gross Floor Area 3,412 sqft – Built in 2021 – Price $649,000 (3)

Residential Construction Market Analysis in the State of Wyoming, USA

Building costs are 1% below the national average in the state of Wyoming, and equivalent to the states of Minnesota, Pennsylvania, South Carolina and New Hampshire. Wyoming is known as the “Equality State”, for having been a pioneer in the defense of women’s rights, or as the “Cowboy State”, for its history. The Rocky Mountains cross its territory, and it is distinguished by its vast unexplored lands of wild nature and great mineral wealth.

A total of 5% of its extension has been declared a natural park, including the famous “Yellowstone National Park” and some indigenous reserves, where the following tribes are concentrated: Cheyenne, Gros Ventre, Kiowa, Nez Perce, Sheep Eater, and Sioux. These lands host many species of animals, among which the American bison stands out.

So much nature sometimes makes it seem that there are no humans there, and although this is not true at all, the truth is that Wyoming is the state with the least number of inhabitants in the entire country (barely more than 500,000 inhabitants). Its capital and largest city are Cheyenne, but even this is quite small.

This might make it seem like your real estate market would be virtually non-existent, but in reality, there is a lot of movement between the properties that are being sold, the ones that are making it to the listing, and many buyers are waiting to buy good properties at a fair price. In this article we will tell you everything you need to know about the real estate market, focusing mainly on residential construction.

Wyoming Construction Outlook

Its capital city is Cheyenne, but it has other notable urban centers such as Casper, Laramie, Gillette, Rock Springs, Sheridan, Green River, Evanston, Riverton, and Cody. None of them have the typical buildings you would expect to see in a big city, in fact even their biggest cities are the same as the smallest towns in other states.

This makes the houses small, generally with 3 bedrooms, 2 bathrooms, a kitchen, a living room, a garage, and a small garden, for families to live. If you are looking for smaller properties then you can find a condominium or an apartment in a 5-story building.

Mobile homes are very popular since they can be transported to different lands for a low cost, and they already come with the prefabricated structure. In some cases, they come completely manufactured and the installation lasts a day or a little more, but surely less than a week. Mobile homes are not the same as motorhomes or RVs, as those are really “houses on wheels”.

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