What are average mortgage rates in Wyoming in 2026?

Mortgage rates in Wyoming generally track national averages. As of 2026, expect 30-year fixed rates from 5.5% to 7.5% for good credit borrowers. Use CalcDeck's Wyoming mortgage calculator to model your payment at current rates.

How much are closing costs in Wyoming?

Closing costs in Wyoming typically range from 2% to 5% of purchase price, including lender fees, title insurance, and prepaid items. Use CalcDeck's Wyoming mortgage calculator to include closing costs in your calculation.

What are property tax rates in Wyoming?

Property tax rates in Wyoming range from 0.3% to 2.5% of assessed value. CalcDeck's Wyoming calculator includes property tax in your PITI payment.

What first-time homebuyer programs exist in Wyoming?

Wyoming offers down payment assistance, favorable-rate mortgages, and tax credits through state agencies. Use CalcDeck's Wyoming calculator to see how programs affect your payment.

How do I use the CalcDeck Wyoming mortgage calculator?

Enter home price, down payment, interest rate, and loan term. Adjust property tax and insurance to match Wyoming averages. Get instant monthly payment, total interest, and amortization schedule.

Wyoming Mortgage Calculator

Median home prices, property taxes, and monthly payment estimates for Wyoming homeowners.

Wyoming at a Glance

Median Home Price: $355,000
Property Tax Rate: 0.58%
Median Household Income: $73,054
Annual Property Tax: $2,059

Sources: Zillow ZHVI (2024), Tax Foundation (2023), US Census ACS (2023)

Monthly Mortgage Payment in Wyoming

Based on the Wyoming median home price of $355,000 at 6.7% interest (30-year fixed):

Payment Breakdown	20% Down	5% Down
Loan Amount	$284,000	$337,250
Principal and Interest	$1,833	$2,176
Property Tax (WY)	$172	$172
Homeowners Insurance	$125	$125
PMI	$0	$141
Total Monthly	$2,129	$2,613

How Much House Can You Afford in Wyoming?

Using the 28/36 rule (housing costs under 28% of gross income):

With 20% down, you need ~$91,250/year to afford Wyoming's median home
With 5% down, you need ~$111,999/year
Wyoming's median household income is $73,054

Wyoming insight: Wyoming's property tax rate of 0.58% is near the national average.

Wyoming Housing Market Overview

Wyoming's housing market is shaped by energy cycles and outdoor recreation demand. The statewide median of $355,000 reflects Jackson at $1.2 million, Cheyenne $340,000, Casper $265,000, and Laramie $315,000. Inventory is moderate at 3.0 months, though Jackson is always tight. The median household income of $73,054 yields a price-to-income ratio of 4.9. The effective property tax rate of 0.58% is among the lowest in the U.S., costing $2,059/year on a median home. Wyoming has no state income tax, attracting high earners and retirees. Energy sector volatility creates boom-bust cycles in Gillette and Rock Springs.

First-Time Homebuyer Programs in Wyoming

The Wyoming Community Development Authority (WCDA) offers the First Time Homebuyer program, providing 30-year fixed-rate FHA, VA, USDA, or conventional mortgages with down payment assistance up to $10,000 as a 0% deferred second mortgage. The HOME program offers up to $15,000 in assistance for buyers in targeted rural communities. WCDA also administers the Mortgage Credit Certificate (MCC) program, providing a 20% federal tax credit on mortgage interest. The Community Facilities Direct Loan program assists buyers in very small communities. Jackson's Affordable Housing Trust provides units priced below market for workforce housing. Income limits: Teton County caps at $95,000 for a two-person household; rural counties cap at $72,000.

Tips for Homebuyers in Wyoming

1) Wyoming's 0.58% property tax is extremely low—only ~$171/month on a median home—but Jackson Hole values make taxes much higher there. 2) High altitude and cold winters mean heating costs of $2,500–$4,000/year; verify insulation and heating system age. 3) Jackson is hyper-competitive and expensive; Cheyenne and Casper offer much better value. 4) Buy in fall/winter for less competition, but inventory is limited year-round. 5) Radon is elevated throughout Wyoming; always test and budget $1,000–$1,500 for mitigation. 6) Water rights are critical in Wyoming; verify well permits and water rights before buying rural property.

Try the Mortgage Calculator with Your Numbers

Wyoming Mortgage FAQ

What is the median home price in Wyoming?

The median home price in Wyoming is approximately $355,000 as of 2024 (Zillow ZHVI). Your actual price will vary by city and neighborhood.

What is the property tax rate in Wyoming?

The effective property tax rate in Wyoming is approximately 0.58% (Tax Foundation). On a $355,000 home, that is about $2,059/year in property taxes.

How much income do I need to buy a home in Wyoming?

Using the 28/36 rule with 20% down at 6.7%, you would need about $91,250/year to afford the median Wyoming home at $355,000. With 5% down (including PMI), about $111,999.

What will my monthly mortgage payment be in Wyoming?

On Wyoming's median home price of $355,000 with 20% down at 6.7%, your total monthly payment (P and I plus tax plus insurance) is approximately $2,129. With 5% down including PMI, about $2,613.

Data sources: Zillow ZHVI typical home values (2024), Tax Foundation effective property tax rates (2023), US Census Bureau ACS median household income (2023). Mortgage rate assumption: 6.7% APR 30-year fixed. This is an estimate — use our calculator for personalized numbers.