Mortgage payment estimates, closing cost breakdowns, and homebuying data for Powell, Wyoming.
Median Home Price
$245K
Population
6K
Avg Monthly Rent
$920
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 Powell.
Powell vs Wyoming Median
The median home price in Powell is $245,000, which is 28% below the Wyoming state median of $340,000.
Mortgage Calculator — Powell, WY
Pre-filled with Powell median home price and Wyoming tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $245K home using Wyoming's 0.61% tax rate and $1,800/yr insurance.
5% Down
$1,881/mo
Down: $12,250
Loan: $233K
P&I: $1,471
Tax: $125
Insurance: $150
PMI: $136
10% Down
$1,797/mo
Down: $24,500
Loan: $221K
P&I: $1,394
Tax: $125
Insurance: $150
PMI: $129
20% Down (No PMI)
$1,513/mo
Down: $49,000
Loan: $196K
P&I: $1,239
Tax: $125
Insurance: $150
Income needed (28% rule): $65K/year with 20% down, $77K/year with 10% down.
Rent vs Buy in Powell
Rent
$920/mo
vs
Buy (10% down)
$1,797/mo
Price-to-rent ratio: 22.2 — At a ratio above 20, renting may be more economical in Powell for shorter stays. Buying costs $877 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 Powell is $245,000, 28% below the Wyoming state median of $340,000. With a population of 6,314, Powell 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 Powell 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 Powell is $920/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.
Powell offers strong affordability. With median prices under $250K, first-time buyers have realistic paths to homeownership, especially combined with Wyoming's WCDA Spruce Up Wyoming program.
Run a Rent vs Buy analysis
Compare total costs of renting vs buying in Powell.