The national homeownership rate is 64.1%. Wyoming’s is higher at 71.9%, and the median home value in Wyoming is $236,100. MoneyGeek’s research also found that, on average, people in this state pay $1,138 on their mortgages each month.
Those are only two of the many factors you’ll need to explore if you’re planning to purchase a home in Wyoming. You’ll also have to determine how much you pay for real estate tax annually. Fortunately, Wyoming’s real estate tax rate is the 10th-lowest in the country at 0.61%.
Remember that every homebuyer’s experience is slightly different because your monthly mortgage largely depends on your personal circumstances. Using MoneyGeek’s Wyoming mortgage calculator can help you get a customized estimate based on your unique profile and preferences.