CALCMONEY // HOME AFFORDABILITY // WY // ROCK SPRINGS
How much house can you afford in Rock Springs? Based on local median home prices, current WY mortgage rates, and Rock Springs property tax data.
$265,000
$1,653/mo
$70,837/yr
$252,498
Monthly housing costs of $1,653 represent 29.2% of Rock Springs's median gross monthly income ($5,667/mo). At 29.2%, this slightly exceeds the 28% rule. Buyers need above-median income or a 25%+ down payment to qualify comfortably.
| Median Home Price | $265,000 |
| Down Payment (20%) | $53,000 |
| Loan Amount | $212,000 |
| Monthly PI Payment | $1,403 |
| Monthly Property Tax | $139 |
| Monthly Insurance Est. | $110 |
| Total Monthly PITI | $1,653 |
| Housing Cost % of Income | 29.2% |
| Required Income (28% rule) | $70,837/yr |
| Max Affordable Home | $252,498 |
$9,275
$2,123/mo
Rock Springs Home Affordability Quick Reference 2026
| Metric | Value | Notes |
|---|---|---|
| Median Home Price | $265,000 | Rock Springs city median |
| Down Payment (20%) | $53,000 | Conventional loan |
| Monthly PITI | $1,653 | 6.95% rate, 30yr fixed |
| Required Income (28% rule) | $70,837 | Annual gross |
| Max Affordable Home | $252,498 | Based on median income |
| FHA Down (3.5%) | $9,275 | Minimum FHA |
| Housing Cost % of Income | 29.2% | Median income: $68,000/yr |
| Property Tax Rate | 0.63% | $1,670/yr on median home |
Monthly PITI includes principal, interest, property tax, and homeowners insurance. Estimates only.
The median home price in Rock Springs is $265,000, with a local 30-year mortgage rate of 6.95%. A buyer putting 20% down carries a loan of $212,000, generating a monthly P&I payment of $1,403. Adding property taxes ($139/mo) and homeowners insurance ($110/mo) brings total monthly PITI to $1,653.
Rock Springs's property tax rate of 0.63% is among the lower rates in the country, which improves overall affordability by keeping total PITI closer to the principal and interest payment alone. On the Rock Springs median home, that is $139/month, or $1,670 per year.
Wyoming has no state income tax, improving effective take-home pay for Rock Springs residents and giving buyers additional capacity relative to equally-priced homes in high-tax states.
Using the 28% rule, a household earning Rock Springs's median income of $68,000/year can afford up to $1,587/month in total housing costs. Based on Rock Springs's mortgage rate of 6.95% and property tax rate of 0.63%, that translates to a maximum affordable home price of approximately $252,498 with 20% down on a 30-year loan.
To afford the median Rock Springs home priced at $265,000, you need an annual gross income of approximately $70,837. Total monthly housing costs (principal and interest of $1,403, property taxes of $139, and insurance of $110) come to $1,653/month, which equals 28% of the required income.
At the median home price of $265,000 and median household income of $68,000, the total monthly housing cost of $1,653 represents 29.2% of gross monthly income. This slightly exceeds the standard 28% rule. Buyers will need above-median income or a larger down payment to stay within guidelines.
A conventional 20% down payment on the median Rock Springs home of $265,000 is $53,000. An FHA loan requires just 3.5% down — $9,275 — but adds mortgage insurance of roughly $181/month, bringing total FHA payments to $2,123/month.