Wyoming Mortgage Calculator
Estimate your monthly mortgage payment in Wyoming based on the state median home price of $340K, a 0.61% property tax rate, and $2K/year homeowners insurance.
Why This Matters in Wyoming
In Wyoming, property taxes average 0.61% of assessed value. On the state median home of $340K, that adds $173/month to your mortgage payment — well below the national average, giving you more purchasing power. Combined with $150/month for homeowners insurance, your non-mortgage housing costs in Wyoming total $323/month before you even account for principal and interest.
Wyoming's median home price of $340K is in the moderate range nationally. Most conventional loan programs with 5-10% down are well-suited for this price range.
What to Expect for a Mortgage Payment in Wyoming
On the median Wyoming home priced at $340K, a buyer putting 10% down at a 6.5% rate would face a principal-and-interest payment of roughly $1,934 per month. Add $173/mo in property taxes and $150/mo for homeowners insurance, and the total PITI comes to approximately $2,257 each month. That median price sits about 3% below the national median of roughly $350K, which directly shapes how much house most Wyoming borrowers can realistically target.
At $340K, Wyoming's median home price falls in a moderate range nationally. Buyers have the full spectrum of financing options available: conventional loans at 5–20% down, FHA loans at 3.5%, and VA loans at 0% for eligible veterans. Putting 20% down ($68K) eliminates PMI and drops the monthly payment to roughly $2,042, saving about $215 per month compared to the 10%-down scenario.
Wyoming homeowners benefit from a notably low property tax rate of just 0.61%, translating to about $2,074 per year on the median home. That is just $173 per month — a fraction of what buyers pay in high-tax states like New Jersey or Illinois. This lower tax burden effectively makes Wyoming housing more affordable than the sticker price alone suggests.
Homeowners insurance in Wyoming averages around $2K per year, which adds $150 to the monthly PITI. This is manageable relative to many other states. To bring the total payment down further, consider the WCDA Spruce Up Wyoming program, which offers below-market rate loans for qualifying buyers — reducing the down payment barrier and potentially lowering your loan amount.