1st Advantage MortgageA DSCR loan in Riverton turns on rent versus payment. Citywide medians from the Census are $921 a month for rent, $219,400 for home value and $1,413 a year for real estate taxes.
Riverton by the Census numbers
The Census Bureau's 2020 to 2024 American Community Survey puts median gross rent in Riverton at $921, close to the Wyoming median of $992. Median home value sits at $219,400, which is well below the Wyoming median of $309,700. The gross rent-to-value ratio for Riverton works out to 5.0% (twelve months of median rent divided by median value), a thin gross ratio, which tells you purchase prices are high relative to rent. The figure combines all rental types with all owner-occupied homes, so it is a screening number and not an appraisal.
| Indicator | Wyoming | Riverton | Difference |
|---|---|---|---|
| Tax as a share of home value | 0.57% | 0.64% | +13% |
| Household income, median | $76,176 | $55,208 | -28% |
| Typical owner-occupied value | $309,700 | $219,400 | -29% |
| Typical monthly rent | $992 | $921 | -7% |
| Persons per household | 2.34 | 2.45 | |
| Share in 2-4 unit buildings | 6.4% | 7.3% | +14% |
| Share of homes detached | 67.8% | 65.7% | -3% |
| Degree holders, age 25+ | 30.6% | 24.1% | -21% |
| Workers on their own account | 11.9% | 13.5% | +13% |
| Renters paying 30%+ of income | 43.1% | 36.3% | -16% |
| Units sitting vacant | 12.2% | 9.1% | -26% |
| Typical construction year | 1981 | 1974 | |
| Annual rent divided by value | 3.8% | 5.0% | +31% |
| Households that rent | 28.2% | 44.9% | +59% |
| Residents (Census estimate) | 582,397 | 10,856 |
Tenure in Riverton is split fairly evenly: 44.9% renter-occupied and 55% owner-occupied, with the renter share well above the Wyoming median of 28%. The median household brings in $55,208 (well below the Wyoming median of $76,176), with 36% of renters paying 30 percent or more of income toward rent.
Property types and condition in Riverton
About 66% of Riverton's housing is detached single-family, which means a typical rental purchase is a house with its own roof, yard and repair schedule. A median build year of 1974 puts most of the stock in its second round of big repairs, and an inspector will show what remains.
Riverton reports 9% of units vacant and a rental vacancy rate of 3.7%, a measure of how quickly a listed unit might lease.
Investor takeaways for Riverton
A gross yield of 5.0% means Riverton is a market where purchase prices run ahead of rent, so a 1.0 ratio generally takes a larger down payment or a property priced below the local median. Median build year 1974 puts the typical Riverton rental in its second set of major systems. A 45% renter share is large enough to keep units leased, so location relative to jobs and schools drives rent more than the market as a whole.
Taxes, insurance and hazards in Riverton
Property taxes in Riverton run a median $1,413 a year for owners, about 20% below the Wyoming median of $1,767. As a share of median value, that is about 0.64%. At the median rent that tax bill takes roughly 13% of a year's rent before insurance, dues or interest.
The federal National Risk Index scores Fremont County relatively low for overall risk, led by lightning (relatively high), landslides (relatively moderate) and wildfire (relatively moderate). That is a county-level view, so check the flood map for the exact parcel.
| Hazard in Fremont County, FEMA index | Level |
|---|---|
| Winter weather exposure | Relatively Moderate |
| Wildfire exposure | Relatively Moderate |
| Landslides exposure | Relatively Moderate |
| Lightning exposure | Relatively High |
| Social vulnerability score | Relatively Moderate |
| Annualized loss estimate | Relatively Low |
| Composite risk | Relatively Low |
Standard landlord policies usually exclude flood, and coastal ones can add a separate wind deductible, so ask the agent for Riverton exclusions before trusting a premium estimate.
Working the Riverton rent math
Worked through with this city's own medians: rent of $921 against taxes of about $118 a month leaves $803 for principal, interest, insurance and dues at a 1.00 ratio, and $619 at a 1.25 ratio. That arithmetic is the whole game, and the real rent and quotes for your address replace these medians.
Registration, deposits and nightly stays in Riverton
Local rental rules in Riverton are not summarized here because we could not verify them from a city source. Ask the city and Fremont County about registration, inspection and short-term rental requirements, and confirm what an HOA allows. State tax treatment of short stays, as it applies to Riverton. Wyoming taxes short-term rentals of less than 30 continuous days with state sales tax and a statewide lodging tax plus local taxes, and platforms that act as marketplace facilitators collect and remit for the reservations they handle.
Wyoming gives a landlord 60 days after the tenancy ends to return a deposit, an easy deadline to miss without a checklist. Rent regulation: No rent-increase notice requirement and no rent control provision found in W.S. 1-21-1201 to 1-21-1211 (other titles not searched).
Riverton in a Wyoming comparison
Across the Wyoming cities listed, Casper has the lowest median value ($260,400) and Sheridan the highest ($340,600), against $219,400 for Riverton.
| Market | Renter share | Tax bill | Home value | Residents | Rent |
|---|---|---|---|---|---|
| Casper | 30% | $1,631 | $260,400 | 58,839 | $1,009 |
| Powell | 30% | $1,845 | $289,400 | 6,503 | $764 |
| Sheridan | 38% | $1,794 | $340,600 | 19,285 | $936 |
| Riverton | 45% | $1,413 | $219,400 | 10,856 | $921 |
Employers and institutions near Riverton rentals
Self-employed workers, incorporated or not, make up 13.5% of employed residents, a group that often has irregular tax-return income and a natural fit with rent-based qualification. Other workforce markers: government workers are about 23% of employment, 24% of adults hold a bachelor's degree or higher and 5% of commuters travel 45 minutes or more.
Education is part of the Riverton rental picture, with Central Wyoming College among the institutions listed. For getting around, Riverton has air service through Riverton Regional Airport and Central Wyoming Regional Airport, which matters to commuters and to out-of-town owners planning a visit.
Moving from numbers to a Riverton loan
Ready to test a Riverton deal? Use the calculator for the ratio, then start your application or send us the scenario.
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Sources and data notes
- Census ACS profile behind the Riverton figures
- Federal hazard index, WY
- Wikipedia: Riverton, Wyoming
- Wyoming landlord deposit rules, W.S. 1-21-1207, 1-21-1208
- State rule cited for Riverton hosts: Wyoming Excise Tax Division
Numbers for Riverton come from the Census Bureau's 2020 to 2024 ACS and are survey estimates. For Wyoming tenant law we used RedFlagLease under CC BY 4.0 plus the linked statutes. Our check date is October 2026, so look for newer Riverton rules before you commit.
A short buyer checklist
Before you commit on a Riverton deal, confirm the rent with the lease or a market estimate, price the insurance for the exact address, and check how the taxes may change after the sale, so the ratio you run matches the one the lender calculates.
DSCR loan availability varies by property and lender program and is not an offer to lend. See our disclosures.
Frequently asked questions
Lease or market rent: what counts in Riverton?
The property's own rent evidence decides: a lease, or the market rent from the appraisal. Citywide, Riverton renters report a median of $921.
How do taxes and insurance affect a DSCR loan in Riverton?
They do. Rent of $921 divided by 1.25 gives about $737 as the payment ceiling, and $118 of that is spoken for by the median Riverton tax bill.
Are Riverton property taxes high for Wyoming?
Median taxes paid are $1,413 a year, or 0.64% of median value, compared with 0.57% statewide. Ask Fremont County's tax office what the bill becomes after your sale.
Is short-term rental income allowed for a Riverton DSCR loan?
Yes on programs built for it, once the use is lawful in Riverton. Gather twelve months of statements or a third-party projection, and have Wyoming tax registration squared away.
What does Wyoming law say about deposits at a Riverton rental?
Return: 60 days. Statute: W.S. 1-21-1207, 1-21-1208. Confirm current text before you rely on it.
Should I worry about hazards at a Riverton property?
FEMA's National Risk Index rates the county's overall natural hazard risk as relatively low. That is a county-level view, so check the FEMA flood map and an insurance quote for the exact Riverton address.
Can I close a Riverton DSCR loan in an LLC?
No, but it is common. Entity borrowers supply articles, an operating agreement and an EIN letter, and the owners typically guarantee the loan. A Wyoming attorney can advise on structure.