Mortgage payment estimates, closing cost breakdowns, and homebuying data for Torrington, Wyoming.
Median Home Price
$175K
Population
7K
Avg Monthly Rent
$720
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 Torrington.
Torrington vs Wyoming Median
The median home price in Torrington is $175,000, which is 49% below the Wyoming state median of $340,000.
Mortgage Calculator — Torrington, WY
Pre-filled with Torrington median home price and Wyoming tax/insurance rates. Adjust for your property.
Three down payment scenarios for a $175K home using Wyoming's 0.61% tax rate and $1,800/yr insurance.
5% Down
$1,387/mo
Down: $8,750
Loan: $166K
P&I: $1,051
Tax: $89
Insurance: $150
PMI: $97
10% Down
$1,326/mo
Down: $17,500
Loan: $158K
P&I: $996
Tax: $89
Insurance: $150
PMI: $92
20% Down (No PMI)
$1,124/mo
Down: $35,000
Loan: $140K
P&I: $885
Tax: $89
Insurance: $150
Income needed (28% rule): $48K/year with 20% down, $57K/year with 10% down.
Rent vs Buy in Torrington
Rent
$720/mo
vs
Buy (10% down)
$1,326/mo
Price-to-rent ratio: 20.3 — At a ratio above 20, renting may be more economical in Torrington for shorter stays. Buying costs $606 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 Torrington is $175,000, 49% below the Wyoming state median of $340,000. With a population of 6,501, Torrington 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 Torrington 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 Torrington is $720/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.
Torrington 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 Torrington.