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Wyoming mortgage calculator

The median home in Wyoming runs about $340,000. With 20% down that's a loan near $272,000 — the calculator is pre-filled with that figure. Wyoming has no state income tax, a low state sales-tax rate, and one of the lowest property tax rates in the country, though Teton County's resort market pulls the statewide median well above what most of the state pays.

$1,766.00 / month

Total interest
$363,755
Total paid
$635,755
Payoff
30.0 years
Balance over YearBalance ends near $0 at 30.$0$68k$136k$204k$272k0612182430Year

How it works

A full Wyoming payment is more than principal and interest. At the state's 0.56% effective property tax rate, a $340,000 home owes about $1,904 a year in tax, and homeowners insurance averages roughly $1,600 a year here. Together those add about $292 to the monthly payment before any HOA dues or PMI.

Wyoming's median household income is about $72,000, or $6,000 a month. Lenders generally want the full housing payment under about 28% of that — roughly $1,680 — which is why a median-priced home is comfortable in some metros and a stretch in others. Homes in Wyoming sell in about 55 days on average.

Frequently asked questions

What is a typical mortgage payment in Wyoming?
On the state's roughly $340,000 median home with 20% down, the loan is about $272,000. Principal and interest depend on your rate; on top of that, Wyoming's 0.56% effective property tax rate and about $1,600 a year in homeowners insurance add roughly $292 per month to the payment.
How much are property taxes on a home in Wyoming?
Wyoming's effective property tax rate averages about 0.56% of market value — roughly $1,904 a year on the $340,000 median home. Your county sets the actual rate and may assess below market value.
Is homeowners insurance expensive in Wyoming?
The average Wyoming homeowners policy runs about $1,600 a year. Wyoming has no state income tax, a low state sales-tax rate, and one of the lowest property tax rates in the country, though Teton County's resort market pulls the statewide median well above what most of the state pays.
Can I afford a home in Wyoming on the median income?
Wyoming's median household income is about $72,000 a year, or $6,000 a month. Lenders generally want the full housing payment under about 28% of that — roughly $1,680 — so a median-priced home is a stretch in the pricier metros.
How fast do homes sell in Wyoming?
A for-sale home in Wyoming spends about 55 days on the market on average, though this varies widely by metro and season.

Learn more: Understanding your mortgage payment

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