What an Acre of Land Really Costs in Wyoming in 2026

Wyoming land prices still capture that “Wide Open West” appeal—but the market in 2025 is shaped by tighter inventory decisions, shifting recreational demand, and steady agricultural fundamentals. If you’re trying to answer “How much is one acre of land worth in Wyoming?”, the most accurate answer depends on land type (cropland vs. pasture vs. recreational), location, access, water, and nearby amenities.

The quick baseline: how Wyoming compares to the U.S.

National benchmarks help frame expectations, especially if you’re relocating from another state. In 2025, the U.S. average farm real estate value reached $4,350 per acre, up 4.3% from 2024, according to the American Farm Bureau Federation. For grazing ground, U.S. pasture value averaged $1,920 per acre in 2025—up $90 per acre (4.9%) from 2024—according to USDA NASS.

Wyoming often prices below the national average on strictly agricultural metrics, but premium areas and properties with water, views, proximity to resorts, or development potential can push per-acre prices far higher.

What actually drives the price per acre in Wyoming?

Wyoming land values don’t follow a single statewide number. Instead, pricing behaves like a puzzle where each feature changes the final per-acre value. The biggest drivers include:

1. Location and proximity to demand centers: Resort corridors and scenic valleys can command a steep premium compared to remote high plains.
2. Intended use: Cropland, pasture/ranchland, recreational parcels, and developable tracts each trade on different economics.
3. Water and water rights: In an arid state, reliable water access can be a primary value driver, not a bonus feature.
4. Minerals and energy potential: Oil, gas, and mineral rights (or active leases) can change a property’s valuation dramatically.
5. Access and infrastructure: Year-round roads, power availability, and proximity to services often raise buyer demand.
6. Topography and usability: Flat, productive acres tend to price higher than rugged or difficult-to-improve ground.
7. Parcel size and marketability: Smaller tracts can sell for a higher per-acre number, while large ranches may trade at a discount per acre due to the total purchase price.

2025 market signals: cropland, pasture, and statewide supply

Recent outlooks show Wyoming’s agricultural land values continuing to move upward—though not always at the same pace depending on the dataset and what “values” represent.

• Wyoming cropland values are up about 4% year-over-year in 2025, according to Swan Land Company.
• Wyoming pastureland values are averaging a ~4% increase over the past year in 2025, according to Swan Land Company.
• At the same time, another 2025 snapshot shows Wyoming cropland values increased a modest 0.50% during the past year, according to AgWest Land.
• Wyoming benchmark farmland values increased 3.20% yearly as of 2025, according to Farm Credit Services of America.

Supply matters, too. In 2025, approximately 607,816 acres are currently listed for sale statewide in Wyoming with a combined value of $3 billion, according to Swan Land Company. That availability creates opportunity for buyers—but it also means prices can vary widely based on quality, water, access, and how correctly a property is priced.

What buyers are paying: farmland vs. “anything else”

For many buyers, agricultural land is the most “comparable” category because it has repeatable productivity metrics (soil, irrigation, carrying capacity). But Wyoming also has a strong market for recreational, scenic, and legacy properties where per-acre prices can break away from farm fundamentals.

As a historical reference point, USDA reporting has placed Wyoming farm real estate averages well below many U.S. regions in prior years—yet 2025 indicators show continued upward pressure in cropland and pasture values across multiple market reports. The important takeaway: if you’re valuing an acre, you need to match the property to the correct category (cropland, pasture, transitional, or recreational) and then adjust for features like water rights, improvements, and access.

Regional pricing realities across Wyoming

Wyoming is big, and land markets behave differently by region. Here’s how pricing tends to break out:

1. Northwest (Yellowstone/Teton influence): Demand is driven by scenery, recreation, and proximity to world-class amenities. Pricing can look nothing like “farm per-acre” math.
2. Northeast (energy and industrial influence): Local employment cycles and mineral potential can affect buyer demand and valuations.
3. Southeast (Cheyenne/Laramie corridor): Mixed drivers—some agricultural, some commuter and development demand—often create wide spreads in per-acre pricing.
4. Southwest (public-land adjacency and wide-open spaces): Opportunities can appear where access, improvements, or productivity constraints limit competition.

Jackson Hole spotlight: premium market, mixed signals (mid-year 2025)

Jackson Hole remains one of the most closely watched (and most expensive) land markets in Wyoming. But even in premium areas, pricing signals can look contradictory depending on the mix of properties sold.

• The Jackson Hole median land sale price fell 14% to $1.88 million at mid-year 2025, according to Keller Williams Jackson Hole.
• Over the same period, the Jackson Hole average land sale price rose more than 60% from a year ago, according to Keller Williams Jackson Hole.
• The highest land sale in Jackson Hole at mid-year 2025 was a 70-acre parcel along the Snake River for $17.8 million, according to Keller Williams Jackson Hole.

These data points often happen together when a few ultra-premium sales pull the average upward while the typical transaction (the median) softens—an important nuance if you’re trying to estimate a realistic per-acre number in a luxury micro-market.

Selling Wyoming land: timing, marketing, and buyer fit

Land sales rarely move like home sales. Many Wyoming parcels need the right buyer—someone who matches the property’s intended use (grazing, hay production, recreation, or development) and understands constraints like water, winter access, or easements. As a result, land can take longer to sell, especially if pricing doesn’t align with local comps or if the property needs better exposure.

Owners who want speed may consider investors or land-buying companies that can close quickly—often at a discount in exchange for certainty and convenience. That model can be a practical option when a seller wants to avoid a long listing period, ongoing carrying costs, or complex negotiations.

Final takeaways: estimating what one acre is worth in Wyoming

One acre in Wyoming can be relatively affordable in remote areas and extremely expensive in high-demand destination markets. The most reliable way to estimate value is to start with the correct land type (cropland, pasture, recreational, or transitional), then adjust for water rights, access, usability, improvements, and local demand.

If you’re buying, use current market signals—like the 2025 cropland and pasture value trends and statewide listing supply—to sanity-check asking prices. If you’re selling, position the property clearly (best use, water/access details, maps, and documentation) so the right buyer can see the value quickly.