Mortgage Affordability Calculator for Wyoming (WY) — Free Calculator

Buying a Home in Wyoming: What You Can Afford

The median home value in Wyoming is $290,000. Teton County (Jackson Hole) is one of the most expensive markets in the US, with median home prices exceeding $2M. Casper and Cheyenne are far more affordable. The energy sector drives economic cycles across much of the state.

Conforming Loan Limits in Wyoming

The conforming loan limit in Wyoming is $726,200. All Wyoming counties are at the standard conforming limit except Teton County, which qualifies for high-cost limits. Loans above this threshold are considered jumbo loans and typically carry stricter qualification requirements and slightly higher rates.

Property Taxes to Budget For

Beyond your mortgage payment, budget for Wyoming's property taxes: the effective rate is 0.55%, meaning a home at the median value generates about $1,380/year in taxes. This is a real cost that lenders include in your debt-to-income (DTI) calculation.

Closing Costs in Wyoming

Buyers typically pay around $2,400 in closing costs in Wyoming. Wyoming has no state income tax, no transfer tax, and minimal recording fees. Overall closing costs are among the lowest in the Mountain West. Factor this into your upfront cash requirement alongside your down payment.

Data: Tax Foundation (2024), US Census Bureau ACS 2023, Zillow, ATTOM Data Solutions. Updated 2024–2025. Figures reflect state averages — consult a licensed professional for personalized advice.

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Frequently Asked Questions

What is the median home price in Wyoming?

The median home value in Wyoming is $290,000. Teton County (Jackson Hole) is one of the most expensive markets in the US, with median home prices exceeding $2M. Casper and Cheyenne are far more affordable. The energy sector drives economic cycles across much of the state.

What is the conforming loan limit in Wyoming?

The conforming loan limit in most of Wyoming is $726,200. All Wyoming counties are at the standard conforming limit except Teton County, which qualifies for high-cost limits.

How much are property taxes in Wyoming?

Wyoming's effective property tax rate is 0.55%, with an average annual bill of $1,380. Lenders include property taxes in your monthly PITI payment and DTI calculation.

How much do I need for a down payment in Wyoming?

For a home at Wyoming's median value of $290,000, a 20% conventional down payment is $58,000, and a 3.5% FHA down payment is $10,200. Budget an additional $2,400 for closing costs.