Thermopolis

Wyoming is a landlocked state in the Mountain West subregion of the Western United States. It borders Montana to the north and northwest, South Dakota and Nebraska to the east, Idaho to the west, Utah to the southwest, and Colorado to the south. With an estimated population of 587,618 as of 2024, Wyoming is the least populous state despite being the tenth-largest by area, and it has the second-lowest population density. The state capital and most populous city is Cheyenne.Wikipedia

The Mountain West has experienced one of the most dramatic demographic transformations of any American region over the past fifteen years. Colorado's Front Range — Fort Collins through Denver to Colorado Springs — has absorbed hundreds of thousands of new residents drawn by mountain access and a strong multi-sector economy across aerospace, energy, biotech, and tech. Salt Lake City's startup ecosystem has grown quietly into one of the most productive per-capita in the country. Boise and Missoula have emerged from obscurity into genuine destination cities.

The cost of this transformation has been housing. Denver and Bozeman have seen appreciation that rivals coastal markets, driven by limited developable land, in-migration pressure, and the sustained appeal of ski slope and trailhead access. Montana, Wyoming, and Idaho retain large stretches of genuine affordability and open space — but tradeoffs include isolation, limited rural healthcare, and economies still dependent on extractive industries. Wildfire risk, driven by worsening drought cycles, is an increasingly material homebuying consideration across the entire region.