CALCMONEY // HOME AFFORDABILITY // WY
Find out how much home you can afford in Wyoming using local median home prices, current mortgage rates, and WY-specific property tax data.
Open Full Calculator$325,000
$2,030/mo
$228,475
$87,018/yr
| Median Home Price | $325,000 |
| Down Payment (20%) | $65,000 |
| Loan Amount | $260,000 |
| Monthly PI Payment | $1,730 |
| Monthly Property Tax | $165 |
| Monthly Insurance Est. | $135 |
| Total Monthly PITI | $2,030 |
| Required Gross Income (28% rule) | $87,018/yr |
| Max Affordable Price (28% rule) | $228,475 |
$11,375
$2,609/mo
Wyoming Home Affordability Quick Reference 2026
| Metric | Value | Notes |
|---|---|---|
| Median Home Price | $325,000 | State median |
| Down Payment (20%) | $65,000 | Conventional |
| Monthly PITI (median home) | $2,030 | 7% rate |
| Required Income (28% rule) | $87,018 | Annual gross |
| Max Affordable Home | $228,475 | Based on median income |
| FHA Down Payment (3.5%) | $11,375 | Minimum FHA |
Monthly PITI includes principal, interest, property tax, and homeowners insurance.
The median home price in Wyoming is $325,000, with a current 30-year fixed mortgage rate of 7%. A buyer putting 20% down on the median home would carry a loan of $260,000, resulting in a monthly principal and interest payment of $1,730. Once property taxes and insurance are added, total monthly housing costs reach $2,030.
Property taxes in Wyoming average 0.61%, well below the national average of 1.1%. On the median Wyoming home, property taxes add $165/month to total housing costs.
Wyoming has no state income tax, which increases effective take-home pay relative to higher-tax states and can improve overall buying power for WY residents.
Using the 28% rule, a household earning Wyoming's median income of $65,000/year can afford up to $1,517/month in total housing costs (principal, interest, taxes, and insurance). Based on Wyoming's current mortgage rate of 7% and property tax rate of 0.61%, that translates to a maximum affordable home price of approximately $228,475 with 20% down on a 30-year loan.
To comfortably afford the median Wyoming home priced at $325,000, you need an annual gross income of approximately $87,018. This is based on the standard 28% rule: your total monthly housing costs (principal and interest of $1,730, property taxes of $165, and insurance of $135) come to $2,030/month, which should not exceed 28% of your gross monthly income.
Wyoming's average property tax rate is 0.61%, which is well below the national average of 1.1%. On the median Wyoming home of $325,000, that means annual property taxes of $1,983, or $165/month. Because lenders include property taxes in your debt-to-income calculation, Wyoming's property taxes have a relatively modest impact on overall affordability.
The minimum down payment depends on your loan type. For an FHA loan, you can put down as little as 3.5% — on the median Wyoming home of $325,000, that is $11,375. Conventional loans typically require 5% down, though some programs allow 3%. Putting down 20% ($65,000 on the median Wyoming home) lets you avoid private mortgage insurance (PMI), which can add 0.5%–1% to your annual loan cost. There are no Wyoming-specific minimum down payment requirements beyond federal guidelines.