Mortgage for Wyoming (2026)
Wyoming (WY) Key Facts
Median Home Price
$340,000
Average Property Tax Rate
0.61%
Average Home Insurance Rate
0.55%
Estimated Monthly Payment
$2,313
First Time Buyer Programs
2
How This Calculator Works in Wyoming
This mortgage calculator lets you estimate your monthly payment on a Wyoming home by factoring in the purchase price, down payment, interest rate, property taxes, and insurance. It is pre-loaded with Wyoming's average property tax rate and insurance costs so you can get a realistic estimate quickly. Adjust the inputs to match your specific situation and see how different scenarios affect your monthly budget.
Wyoming Overview
Wyoming has a median home price of approximately $300K, with an average property tax rate of 0.61% and homeowners insurance averaging 0.55% annually. No income tax. WCDA Homebuyer Programs and other state programs can help first-time buyers with down payment assistance and competitive mortgage rates.
How Wyoming Compares
Compared to neighboring states, Wyoming's median home price of $340,000 is below the national median of about $420,000. Nearby Montana has a median price of $450,000 with a 0.84% property tax rate. Property tax rates vary significantly among neighboring states, which can substantially impact long-term homeownership costs.
| State | Top Rate | Notes |
|---|---|---|
| Montana | $450,000 | Median home price is $450,000 with a 0.84% property tax rate. Estimated monthly mortgage payment is about $3,167. |
| Colorado | $540,000 | Median home price is $540,000 with a 0.51% property tax rate. Estimated monthly mortgage payment is about $3,629. |
| Idaho | $440,000 | Median home price is $440,000 with a 0.69% property tax rate. Estimated monthly mortgage payment is about $3,023. |
The median home price in Wyoming is $340,000, compared to the national median of approximately $420,000. With a 0.61% average property tax rate and 0.55% insurance rate, Wyoming homeowners can expect an estimated monthly payment of about $2,313 on a median-priced home with 10% down at 6.75% interest.
Tips for Wyoming Residents
- 1Wyoming has a median home price around $300K. No income tax. Research local market conditions as prices vary significantly by city and neighborhood.
- 2Property taxes in Wyoming average 0.61%. Always verify your specific county's tax rate, as it directly impacts your monthly payment.
- 3Explore WCDA Homebuyer Programs for potential down payment assistance and favorable rates. Wyoming also offers WCDA HFA Preferred Program. Check income limits and eligibility early in your home search.
- 4No income tax; remote areas may have higher insurance and construction costs. Budget 2-5% of the purchase price for closing costs including lender fees, title insurance, and prepaid expenses.
- 5Small market with limited inventory. A 0.25% rate difference on a $340K home can save thousands over the life of your loan, so shop at least 3-4 lenders before committing.
Frequently Asked Questions
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