Mortgage payment estimates, closing cost breakdowns, and homebuying data for Cody, Wyoming.
Median Home Price
$395K
Population
10K
Avg Monthly Rent
$1,280
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 Cody.
Cody vs Wyoming Median
The median home price in Cody is $395,000, which is 16% above the Wyoming state median of $340,000.
Mortgage Calculator — Cody, WY
Pre-filled with Cody median home price and Wyoming tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $395K home using Wyoming's 0.61% tax rate and $1,800/yr insurance.
5% Down
$2,942/mo
Down: $19,750
Loan: $375K
P&I: $2,372
Tax: $201
Insurance: $150
PMI: $219
10% Down
$2,805/mo
Down: $39,500
Loan: $356K
P&I: $2,247
Tax: $201
Insurance: $150
PMI: $207
20% Down (No PMI)
$2,348/mo
Down: $79,000
Loan: $316K
P&I: $1,997
Tax: $201
Insurance: $150
Income needed (28% rule): $101K/year with 20% down, $120K/year with 10% down.
Rent vs Buy in Cody
Rent
$1,280/mo
vs
Buy (10% down)
$2,805/mo
Price-to-rent ratio: 25.7 — At a ratio above 20, renting may be more economical in Cody for shorter stays. Buying costs $1,525 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 Cody is $395,000, 16% above the Wyoming state median of $340,000. With a population of 10,014, Cody is a smaller market where home prices reflect strong demand and local economic factors.
Property taxes in Wyoming average 0.61% annually. This low property tax rate is a significant advantage for Cody 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 Cody is $1,280/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.
Cody presents moderate affordability. The $395K median puts homeownership within reach for median-income households, though down payment savings and closing costs require planning.