Mortgage payment estimates, closing cost breakdowns, and homebuying data for Thermopolis, Wyoming.
Median Home Price
$185K
Population
3K
Avg Monthly Rent
$750
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 Thermopolis.
Thermopolis vs Wyoming Median
The median home price in Thermopolis is $185,000, which is 46% below the Wyoming state median of $340,000.
Mortgage Calculator — Thermopolis, WY
Pre-filled with Thermopolis median home price and Wyoming tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $185K home using Wyoming's 0.61% tax rate and $1,800/yr insurance.
5% Down
$1,457/mo
Down: $9,250
Loan: $176K
P&I: $1,111
Tax: $94
Insurance: $150
PMI: $103
10% Down
$1,394/mo
Down: $18,500
Loan: $167K
P&I: $1,052
Tax: $94
Insurance: $150
PMI: $97
20% Down (No PMI)
$1,180/mo
Down: $37,000
Loan: $148K
P&I: $935
Tax: $94
Insurance: $150
Income needed (28% rule): $51K/year with 20% down, $60K/year with 10% down.
Rent vs Buy in Thermopolis
Rent
$750/mo
vs
Buy (10% down)
$1,394/mo
Price-to-rent ratio: 20.6 — At a ratio above 20, renting may be more economical in Thermopolis for shorter stays. Buying costs $644 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 Thermopolis is $185,000, 46% below the Wyoming state median of $340,000. With a population of 2,868, Thermopolis 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 Thermopolis 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 Thermopolis is $750/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.
Thermopolis 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 Thermopolis.