Mortgage payment estimates, closing cost breakdowns, and homebuying data for Casper, Wyoming.
Median Home Price
$275K
Population
59K
Avg Monthly Rent
$1,080
Property Tax Rate
0.61% *
* Property tax shown is the Wyoming state average effective rate. Actual rates vary by county, city, and school district — check with your local assessor for exact rates in Casper.
Casper vs Wyoming Median
The median home price in Casper is $275,000, which is 19% below the Wyoming state median of $340,000.
Mortgage Calculator — Casper, WY
Pre-filled with Casper median home price and Wyoming tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $275K home using Wyoming's 0.61% tax rate and $1,800/yr insurance.
5% Down
$2,093/mo
Down: $13,750
Loan: $261K
P&I: $1,651
Tax: $140
Insurance: $150
PMI: $152
10% Down
$1,999/mo
Down: $27,500
Loan: $248K
P&I: $1,564
Tax: $140
Insurance: $150
PMI: $144
20% Down (No PMI)
$1,680/mo
Down: $55,000
Loan: $220K
P&I: $1,391
Tax: $140
Insurance: $150
Income needed (28% rule): $72K/year with 20% down, $86K/year with 10% down.
Rent vs Buy in Casper
Rent
$1,080/mo
vs
Buy (10% down)
$1,999/mo
Price-to-rent ratio: 21.2 — At a ratio above 20, renting may be more economical in Casper for shorter stays. Buying costs $919 more per month than renting, and it typically takes 5-7 years to break even on the transaction costs of buying.
The median home price in Casper is $275,000, 19% below the Wyoming state median of $340,000. With a population of 58,686, Casper is a smaller market where home prices tend to be more accessible than in many parts of Wyoming.
Property taxes in Wyoming average 0.61% annually. This low property tax rate is a significant advantage for Casper buyers, keeping your monthly costs well below what you'd pay in higher-tax states. Homeowners insurance in Wyoming runs approximately $1,800 per year. This is within the normal range nationally.
Average rent in Casper is $1,080/month. With a price-to-rent ratio above 20, renting could be more economical in the short term — use our Rent vs Buy calculator to model your specific timeline.
Casper presents moderate affordability. The $275K median puts homeownership within reach for median-income households, though down payment savings and closing costs require planning.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Casper.