Wyoming Mortgage Calculator

Mortgage Calculator in Wyoming

The median home price in Wyoming is $310,000, which is 26% below the national average of $420,000. Wyoming's effective property tax rate of 0.57% is 0.53 percentage points lower than the national average of 1.1%.

Metric	Wyoming (WY)	National Avg	vs National Average
Median Home Price	$310,000	$420,000	-26%
Property Tax Rate	0.57%	1.1%	-0.53%
Home Insurance (Annual)	$1,600	$2,300	-30%
State Sales Tax	4%	5%	-1.0%
FHA Loan Limit	$472,030	$472,030	Standard
Conforming Loan Limit	$766,550	$766,550	Standard

Homeownership in Wyoming

Wyoming is one of the most tax-friendly states for homeowners -- no state income tax, no estate tax, and low property taxes at 0.57% on only 9.5% of assessed market value. However, the housing market is extremely bifurcated: Teton County (Jackson Hole) has one of the highest median home prices in the entire country, often cited above $2 million, while the rest of Wyoming remains very affordable. The oil, gas, and mineral industry drives the state's economy and local government budgets.

Tips for Wyoming Homebuyers and Homeowners

• Wyoming assesses residential property at 9.5% of market value -- one of the lowest assessment ratios in the country, meaning a $310,000 home has a taxable base of just $29,450.
• No state income tax, no corporate income tax, and no estate tax make Wyoming highly attractive for wealth planning -- the state has become a leading domicile for dynasty trusts and LLCs.
• Teton County (Jackson) operates in a completely separate market tier -- median prices above $2 million and extremely limited supply make it one of the least accessible housing markets in the U.S.
• Mineral rights in Wyoming can be worth more than the surface property -- when buying rural land, verify whether mineral rights convey with the sale or have been severed historically.

Wyoming Programs and Assistance

• Wyoming Community Development Authority (WCDA) HFA Advantage Loan -- conventional first mortgage at competitive rates for first-time and repeat buyers with income and purchase price limits.
• WCDA Home$tretch Down Payment Assistance Loan -- provides $15,000 in 0% interest second mortgage financing for buyers using a WCDA first mortgage.
• WCDA Spruce Up Program -- home improvement loans for existing homeowners at below-market rates, supporting rehabilitation of older housing stock.

Did you know? Wyoming's 9.5% residential assessment ratio is the second-lowest in the country after Louisiana's 10% -- combined with no state income tax, Wyoming homeowners outside of Teton County face one of the lowest total state-and-local tax burdens in the nation.