Mortgage Calculator in Wyoming

Calculate your monthly mortgage payment in Wyoming using the 2026 median home price of $484K and current local rates. Adjust the inputs below. Formula shown, sources cited — no account required.

Wyoming's housing market has shifted considerably in recent years, driven by an influx of out-of-state buyers seeking lower taxes and wide-open spaces. The median home price of $484,000 now sits well above the national average — a significant premium for a state with a relatively modest median income of $75,532. The cost-of-living index of 94.6 keeps overall expenses below the national baseline, but housing itself has moved faster than other cost categories. Property taxes are exceptionally low at 0.61%, adding only about $246 per month on a median home — a genuine monthly relief compared to high-tax states. Closing costs average 1.5%, roughly $7,260 on a median purchase. The state charges no real estate transfer tax, which keeps the transaction cost lean. First-time buyers can explore the WCDA Amortizing Down Payment program and the Spruce Up Program through the Wyoming Community Development Authority. Use a mortgage calculator with the 6.51% average rate to map out what the principal, interest, and low property tax combine to produce as a total monthly payment.

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Wyoming Housing Market at a Glance (2026)

$484K

Median Home Price

6.51%

Avg Mortgage Rate

0.61%

Property Tax Rate

10%

Typical Down Payment

Buying a Home in Wyoming: Costs to Know

Average closing costs1.5% of purchase price

On a $484K home, closing costs â‰ˆ$7,260

Median household income$75,532/yr

State income tax (top rate)None

First-Time Buyer Programs in Wyoming

Wyoming offers state-sponsored programs that can reduce your down payment or closing costs:

✓WCDA Amortizing Down Payment
✓Spruce Up Program

Buying a Home in Wyoming: No Income Tax Advantage

A standard mortgage payment in Wyoming is calculated using the amortization formula:M = P[r(1+r)^n] / [(1+r)^n - 1]

Where P is the loan principal, r is the monthly interest rate (annual rate ÷ 12), and n is the number of monthly payments. On a $484K home in Wyoming with a 10% down payment at 6.51% over 30 years, your principal and interest payment comes to approximately $2,756/month— not including property taxes or homeowner's insurance.

Wyoming's property tax rate of 0.61% adds roughly $246/month to your total housing cost on a $484K home. This rate is below the national average of ~1.1%, which helps keep total housing costs lower.

Wyoming vs. National Average

Metric	Wyoming	National Avg
Median Home Price	$484,000	$420,000
Property Tax Rate	0.61%	1.07%
Avg Mortgage Rate	6.51%	6.85%
Cost of Living Index	94.6	100

Questions You Might Ask — Mortgage Calculator in Wyoming

What is the average mortgage payment in Wyoming?

Based on the median home price of $484K in Wyoming with a 10% down payment and 6.51% rate (30-year fixed), the estimated monthly principal and interest payment is approximately $2,756. Adding property taxes (~$246/mo) and homeowner's insurance, total PITI is typically $3,152–$3,252/month.

What is the property tax rate in Wyoming?

Wyoming has an average effective property tax rate of 0.61%. On the median home price of $484K, that equals roughly $2,952 per year — or $246 added to your monthly mortgage payment. This is below the national average of ~1.1%, which helps lower total housing costs in Wyoming.

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

The typical down payment in Wyoming is 10% — about $48,400 on the median $484K home. Conventional loans require as little as 3% down; FHA loans allow 3.5%. First-time buyers may also qualify for assistance through programs like WCDA Amortizing Down Payment.

What are closing costs in Wyoming?

Average closing costs in Wyoming are approximately 1.5% of the purchase price — about $7,260 on the median $484K home. Closing costs include lender origination fees, title insurance, escrow, prepaid interest, and government recording fees.

What income do I need to afford the median home in Wyoming?

To afford the $484K median home in Wyoming under the 28% housing-cost rule, you need a gross monthly income of at least $11,257 — roughly $135K/year. The median household income in Wyoming is $75,532.

Data Sources & Methodology

State data sourced from the National Association of Realtors (median home prices), Tax Foundation (property tax rates, income tax), Freddie Mac PMMS (mortgage rates), ATTOM Data Solutions (closing costs), and U.S. Census Bureau ACS (household income). Last updated 2026.