The typical home in Laramie, WY is worth about $295,000.
With 20% down that's a loan near $236,000 — the calculator
is pre-filled with that figure. The University of Wyoming's only campus sits in Laramie, and the city's 7,200-foot elevation on the wind-swept Laramie Plains makes it one of the coldest and windiest college towns in the country.
$1,532.26 / month
Total interest
$315,614
Total paid
$551,614
Payoff
30.0 years
How much you need to earn
Laramie, WY's median household income is about
$60,000 a year. Under standard 28/36
lending rules that supports a home price around
$231,606 with 20% down —
below the $295,000 typical price, so many buyers need a larger down payment, a co-borrower, or a longer commute.
Typical asking rent in Laramie, WY is about $1,050 a month, so owning the median home costs roughly
$762 more per month before tax
effects, maintenance, and any change in home value.
Frequently asked questions
What is a typical mortgage payment in Laramie, WY?
On the metro's roughly $295,000 typical home with 20% down, the loan is about $236,000. Principal and interest run near $1,532 a month at today's rate, and Laramie, WY's property tax plus insurance add about $279, for a full payment near $1,812.
Can I afford a home in Laramie, WY on the median income?
The median household income is about $60,000 a year. Under standard 28/36 lending rules that supports a home price around $231,606 with 20% down — below the $295,000 typical price, so buyers often need a larger down payment or a co-borrower.
Is it cheaper to rent or buy in Laramie, WY?
Typical asking rent is about $1,050 a month. The full owner payment on a median home is near $1,812, so owning costs roughly $762 more per month before tax effects, maintenance, and any appreciation.
How much are property taxes in Laramie, WY?
The effective property tax rate in the core county is about 0.56% of market value — roughly $1,652 a year on the typical home. Your exact rate depends on the municipality and any exemptions.
Are home prices in Laramie, WY rising or falling?
Home values are up about 2% over the past year. The University of Wyoming's only campus sits in Laramie, and the city's 7,200-foot elevation on the wind-swept Laramie Plains makes it one of the coldest and windiest college towns in the country.