The typical home in Gillette, WY is worth about $335,000.
With 20% down that's a loan near $268,000 — the calculator
is pre-filled with that figure. Gillette sits at the center of the Powder River Basin, the single largest coal-producing region in the United States, and local home prices track the coal industry's boom-and-bust cycles more closely than any national housing index.
$1,740.02 / month
Total interest
$358,412
Total paid
$626,412
Payoff
30.0 years
How much you need to earn
Gillette, WY's median household income is about
$82,000 a year. Under standard 28/36
lending rules that supports a home price around
$315,795 with 20% down —
below the $335,000 typical price, so many buyers need a larger down payment, a co-borrower, or a longer commute.
Typical asking rent in Gillette, WY is about $1,200 a month, so owning the median home costs roughly
$838 more per month before tax
effects, maintenance, and any change in home value.
Frequently asked questions
What is a typical mortgage payment in Gillette, WY?
On the metro's roughly $335,000 typical home with 20% down, the loan is about $268,000. Principal and interest run near $1,740 a month at today's rate, and Gillette, WY's property tax plus insurance add about $298, for a full payment near $2,038.
Can I afford a home in Gillette, WY on the median income?
The median household income is about $82,000 a year. Under standard 28/36 lending rules that supports a home price around $315,795 with 20% down — below the $335,000 typical price, so buyers often need a larger down payment or a co-borrower.
Is it cheaper to rent or buy in Gillette, WY?
Typical asking rent is about $1,200 a month. The full owner payment on a median home is near $2,038, so owning costs roughly $838 more per month before tax effects, maintenance, and any appreciation.
How much are property taxes in Gillette, WY?
The effective property tax rate in the core county is about 0.56% of market value — roughly $1,876 a year on the typical home. Your exact rate depends on the municipality and any exemptions.
Are home prices in Gillette, WY rising or falling?
Home values are down about 4% over the past year. Gillette sits at the center of the Powder River Basin, the single largest coal-producing region in the United States, and local home prices track the coal industry's boom-and-bust cycles more closely than any national housing index.