Wyoming Mortgage Calculator
The median home price in Wyoming is $335,000. With a 20% down payment at the state's average 30-year fixed rate of 7.18%, your estimated all-in monthly payment (principal, interest, taxes, and insurance) is approximately $2,069. Wyoming's property tax rate of 0.61% annually is below the U.S. national average of 1.07%.
A buyer earning Wyoming's median household income of $72,000 would dedicate roughly 34% of gross monthly income to housing — moderately stretched by the standard 28% guideline.
Median Home Price
$335,000
Avg 30-yr Rate
7.18%
Property Tax Rate
0.61%/yr
Est. Monthly PITI
$2,069
Mortgage Calculator
Total Monthly Payment
$2,069.19
Loan Amount
$268,000
Total Paid
$653,589
Total Interest
$385,589
How to Get a Mortgage in Wyoming
- 1 Check your credit score. In Wyoming, most conventional lenders require 620+; FHA allows 580+ with 3.5% down.
- 2 Save for your down payment. On a $335,000 Wyoming home, 20% down is $67,000 — avoiding PMI and reducing your monthly payment.
- 3 Get pre-approved from 2–3 lenders. Rates in Wyoming average 7.18%, but shopping lenders often saves 0.25–0.5%.
- 4 Account for closing costs — typically 2–5% of the loan amount, or $8,040–$13,400 on a median Wyoming purchase.
- 5 Budget for ongoing costs: Wyoming property taxes average 0.61%/yr ($2,044/yr on the median home), plus homeowner's insurance averaging $1.000/yr.
Monthly Cost Breakdown — Median Wyoming Home
Excludes HOA fees, PMI (not required with 20% down), and utilities.
Wyoming Mortgage FAQs
What is the average home price in Wyoming?
The median home price in Wyoming is $335,000 (2024 estimate). With a typical 20% down payment of $67,000, a buyer would finance $268,000 at a 30-year fixed rate.
What are property taxes like in Wyoming?
Wyoming has an average effective property tax rate of 0.61% of assessed home value. On a $335,000 home, that's approximately $2,044 per year ($170/month) — below the national average of 1.07%.
How much income do I need to buy a home in Wyoming?
To keep housing costs at or below the recommended 28% of gross monthly income on a median-priced Wyoming home, you'd need to earn roughly $88,678 per year. The state's median household income is $72,000, meaning the typical household allocates about 34% of gross income to housing — moderately stretched.
What is the average mortgage rate in Wyoming?
The average 30-year fixed mortgage rate in Wyoming is approximately 7.18% (2024 average). Rates vary by lender, credit score, loan-to-value ratio, and loan type. Borrowers with credit scores above 740 typically qualify for the best available rates.
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