2026 data · 0.55% property tax · Median home $291,100
Wyoming Mortgage Calculator
A median-priced home in Wyoming ($291,100) costs roughly $1,823 per month all-in (PITI), assuming 20% down and a 30-year fixed at 7.0%. Wyoming's effective property tax rate is 0.55% — well below the US average of about 1.0%.
Wyoming median-home monthly payment
$1,823/mo
P&I $1,549 · Tax $133 · Insurance $141
@ $291,100 price, 20% down, 30-yr fixed at 7.0%
For a custom calculation with your specific numbers (different down payment, rate, term, or home price), use the main mortgage calculator — it includes a full amortization schedule.
Monthly payments at common home prices in Wyoming
| Home price | 20% down | P&I | Prop tax | Insurance | Total PITI/mo |
|---|---|---|---|---|---|
| $200,000 | $40,000 | $1,064 | $92 | $97 | $1,253 |
| $291,100 (state median) | $58,220 | $1,549 | $133 | $141 | $1,823 |
| $300,000 | $60,000 | $1,597 | $138 | $145 | $1,879 |
| $400,000 | $80,000 | $2,129 | $183 | $193 | $2,506 |
| $500,000 | $100,000 | $2,661 | $229 | $242 | $3,132 |
| $750,000 | $150,000 | $3,992 | $344 | $363 | $4,698 |
Calculations use Wyoming's 0.55% effective property tax rate, estimated homeowners insurance at 0.58%/year of home value, 30-year fixed at 7.0%, no PMI (20% down). Closing costs not included.
Wyoming property tax
Effective rate
0.55%
Median home value
$291,100
Median property tax
$1,580/yr
Wyoming has very low property tax rates (0.55%) and no state income tax. Property tax refund program for residents 65+ with limited income. Highest median home values in the western US plains.
See our property tax calculator for a state-by-state property tax breakdown, and our Wyoming paycheck calculator to estimate take-home pay against this monthly housing cost.
Wyoming vs neighboring states
| State | Property tax rate | Median home | Median tax/yr | |
|---|---|---|---|---|
| Wyoming (this page) | 0.55% | $291,100 | $1,580 | |
| Montana | 0.74% | $349,900 | $2,580 | Montana mortgage → |
| South Dakota | 1.15% | $231,600 | $2,690 | South Dakota mortgage → |
| Nebraska | 1.57% | $210,100 | $3,340 | Nebraska mortgage → |
| Colorado | 0.51% | $479,900 | $2,470 | Colorado mortgage → |
FAQs about Wyoming mortgages
What is the property tax rate in Wyoming?
Wyoming's effective property tax rate is 0.55%, meaning the average homeowner pays roughly 0.55% of their home's value in property tax annually. On a $291,100 home (the state median), that's about $1,580 per year, or $132 per month added to your mortgage payment.
What is the average monthly mortgage payment in Wyoming?
For a home at Wyoming's median value of $291,100, assuming 20% down, a 30-year fixed mortgage at 7.0%, and Wyoming's 0.55% property tax + estimated insurance, the typical monthly PITI payment is approximately $1,823. This includes $1,549 principal & interest, $133 property tax, and $141 homeowners insurance.
How much income do I need to buy a house in Wyoming?
Using the standard 28% front-end DTI rule, you'd need annual income of approximately $78,129 to comfortably afford Wyoming's median-priced home. Lenders typically allow up to 43% total DTI (including all debts), which corresponds to about $50,874 annual income at the maximum end. Your specific qualification depends on credit score, down payment, debts, and lender requirements.
Is Wyoming a good state to buy a house?
Wyoming's combination of 0.55% property tax (well below the national average of ~1.0%) and median home value of $291,100 place it in the mid-range of state housing markets nationally. Wyoming has very low property tax rates (0.55%) and no state income tax.
How does Wyoming property tax compare to neighboring states?
Wyoming's 0.55% rate compares to: Montana at 0.74%, South Dakota at 1.15%, Nebraska at 1.57%, Colorado at 0.51%. Property taxes can differ substantially between bordering states — moving 30 miles across a state line can change your annual tax bill by thousands.
Does Wyoming have a homestead exemption?
Wyoming offers various property tax relief programs. Wyoming has very low property tax rates (0.55%) and no state income tax. Property tax refund program for residents 65+ with limited income. Highest median home values in the western US plains. Check with your county assessor for primary-residence exemptions and senior/disabled programs that may reduce your annual property tax bill.
What's included in PITI?
PITI stands for Principal, Interest, Taxes, and Insurance — the four standard components of a mortgage payment. For your Wyoming mortgage, the breakdown on a median-priced home would be: Principal & Interest $1,549, Property Tax $133, Homeowners Insurance $141. Add PMI if your down payment is under 20%, and HOA fees if your home is in a community with one.