1st Advantage MortgageTorrington, WY DSCR loans work like they do elsewhere: the lender divides the property's rent by its full monthly payment. The local inputs are a median gross rent of $901, median real estate taxes of $1,235 and a renter share of 36%.
Torrington rental market at a glance
Renters who pay cash rent in Torrington have a median gross rent of $901 a month, about 9% below the Wyoming median of $992, while owner-occupied homes carry a median value of $197,500. A quick screen: twelve months of Torrington median rent over its median home value equals 5.5%, a thin gross ratio, which tells you purchase prices are high relative to rent. Use it to compare markets, then replace it with real rent evidence for the address.
| Indicator | Wyoming | Torrington | Difference |
|---|---|---|---|
| Persons per household | 2.34 | 2.13 | |
| Share in 2-4 unit buildings | 6.4% | 6.0% | -6% |
| Share of homes detached | 67.8% | 73.8% | +9% |
| Long commuters, 45 min plus | 9.7% | 6.4% | -34% |
| Workers on their own account | 11.9% | 16.7% | +40% |
| Renters paying 30%+ of income | 43.1% | 52.7% | +22% |
| Units sitting vacant | 12.2% | 9.0% | -26% |
| Annual rent divided by value | 3.8% | 5.5% | +42% |
| Households that rent | 28.2% | 35.6% | +26% |
| Tax as a share of home value | 0.57% | 0.63% | +10% |
| Annual property tax bill, median | $1,767 | $1,235 | -30% |
| Household income, median | $76,176 | $47,902 | -37% |
| Typical owner-occupied value | $309,700 | $197,500 | -36% |
| Typical monthly rent | $992 | $901 | -9% |
| Residents (Census estimate) | 582,397 | 6,182 |
35.6% of Torrington households rent, well above the Wyoming median of 28%. That is a healthy base of tenants without the churn of a pure student or military town. Against a median household income of $47,902 (well below the Wyoming median of $76,176), 53% of renters report rent at or above 30 percent of income.
Homes, buildings and vacancies in Torrington
About 74% of Torrington'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 1966 puts most of the stock in its second round of big repairs, and an inspector will show what remains.
Use vacancy as a reality check: 9% of all units are vacant in Torrington, and the rental vacancy rate is 7.8%.
Investor takeaways for Torrington
Yields near 5.5% make Torrington a market for careful buyers. The ratio can still work, usually through a lower loan amount, a rent above the median or a property with several units. Housing here is neither new nor ancient, so condition varies widely from block to block and the inspection tells you more than the median. A 36% 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 and risk in Torrington
Property taxes in Torrington run a median $1,235 a year for owners, well below the Wyoming median of $1,767. As a share of median value, that is about 0.63%. Set beside the median rent, the tax alone consumes about 11% of annual rent.
Goshen County carries a very low overall rating in FEMA's National Risk Index, where hail (relatively moderate), winter weather (relatively moderate) and cold waves (relatively moderate) rank highest.
| Hazard in Goshen County, FEMA index | Level |
|---|---|
| Wildfire exposure | Relatively Low |
| Cold waves exposure | Relatively Moderate |
| Winter weather exposure | Relatively Moderate |
| Hail exposure | Relatively Moderate |
| Social vulnerability score | Relatively Low |
| Annualized loss estimate | Very Low |
| Composite risk | Very Low |
Standard landlord policies usually exclude flood, and coastal ones can add a separate wind deductible, so ask the agent for Torrington exclusions before trusting a premium estimate.
Rent math for Torrington buyers
The quick test for Torrington: rent of $901 divided by a 1.25 ratio allows a total payment of $721, and subtracting $103 in monthly taxes leaves $618 for the loan, insurance and dues. At 1.00 the allowance is the full $798.
Legal checks before a Torrington purchase
Before you underwrite a Torrington rental, confirm with city hall and Goshen County whether landlords must register, pass an inspection or hold a permit, especially for stays under 30 days, because those rules can change what income a lender will count. On lodging taxes, a Torrington host should read this first. 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.
The return clock runs 60 days from move-out in Wyoming, so Torrington landlords should keep move-in photos and repair receipts. 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).
Other Wyoming cities for context
Statewide context for Torrington: median home values in the other Wyoming cities below run from $264,500 to $337,100, and Torrington is $197,500.
| Market | Renter share | Tax bill | Home value | Residents | Rent |
|---|---|---|---|---|---|
| Lander | 33% | $1,915 | $337,100 | 7,432 | $896 |
| Evanston | 29% | $1,596 | $280,900 | 11,800 | $805 |
| Gillette | 27% | $1,525 | $264,500 | 33,431 | $976 |
| Torrington | 36% | $1,235 | $197,500 | 6,182 | $901 |
Who rents in Torrington
Roughly 16.7% of employed people in Torrington are self-employed, a base of investors and landlords for whom a rent-based loan is a practical option. Around the edges, government workers are about 26% of employment, 19% of adults hold a bachelor's degree or higher and 6% of commuters travel 45 minutes or more.
Campuses such as Eastern Wyoming College pull tenants into Torrington, and landlords near them can plan around move-in seasons. Wikipedia's entry for Torrington notes air service through Torrington Municipal Airport and Airport, a practical point for tenants and owners alike.
Before you make an offer in Torrington
Before you offer on a Torrington property, test the ratio in the calculator, then apply now or request a DSCR quote.
More Wyoming markets
- All Wyoming DSCR loans
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- DSCR loans in Lander, WY
- Every market we cover
Sources and data notes
- U.S. Census Bureau data for Torrington
- FEMA county hazard table
- Wikipedia article, Torrington, Wyoming
- Wyoming landlord deposit rules, W.S. 1-21-1207, 1-21-1208
- Wyoming Excise Tax Division (Wyoming)
The Torrington statistics are five-year ACS estimates (2020 to 2024), which have sampling error. Landlord rules for Torrington rest on Wyoming statutes and the CC BY 4.0 RedFlagLease dataset. Last reviewed October 2026; the city and county have the final word on Torrington rules.
A short buyer checklist
Ask the seller for twelve months of utility bills and any lease on the Torrington property, confirm who pays water, trash and lawn care, and get the insurance quote before the inspection period ends so the ratio is tested on real numbers.
DSCR loan availability varies by property and lender program and is not an offer to lend. See our disclosures.
Frequently asked questions
How is Torrington rent documented for a DSCR loan?
The property's own rent evidence decides: a lease, or the market rent from the appraisal. Citywide, Torrington renters report a median of $901.
Do taxes and insurance count in the Torrington DSCR ratio?
Taxes, insurance and dues are inside the payment the lender tests. Run $901 through a 1.25 ratio and the ceiling is about $721; subtract $103 for median taxes and $618 remains.
What does Goshen County charge in property tax, in practice?
Median taxes paid are $1,235 a year, or 0.63% of median value, compared with 0.57% statewide. Ask Goshen County's tax office what the bill becomes after your sale.
Can nightly stays at a Torrington property support a DSCR file?
It depends on the program and on local law. A Torrington owner needs the right permit or registration, an association that allows nightly stays, and documented bookings.
What deposit rules apply to a WY rental?
Landlords in Torrington follow W.S. 1-21-1207, 1-21-1208. Return deadline: 60 days from move-out.
Is flood or storm risk a concern for a Torrington rental?
FEMA's National Risk Index rates the county's overall natural hazard risk as very low. That is a county-level view, so check the FEMA flood map and an insurance quote for the exact Torrington address.
How do LLC closings work for Torrington rentals?
It is optional. Lenders will close in a properly formed LLC and generally want the members to guarantee. Ask your accountant how a WY entity would be taxed.