Estimate your monthly mortgage payment in Wyoming — principal & interest plus Wyoming property tax and homeowner’s insurance.
Buying a home in Wyoming: what to know
Wyoming’s typical home value is about $371,900 as of August 2026 (Zillow ZHVI), though Jackson Hole’s Teton County operates in a different price universe entirely. There is no state income tax and the median effective property tax rate is just 0.53% — roughly $1,971 a year on a median-priced home. Homeowner’s insurance averages $1,596 a year (NAIC 2022 via III), with wind and hail the main cost drivers. The Wyoming Community Development Authority’s Standard First-Time Homebuyer program offers low fixed-rate FHA/VA/USDA mortgages, and its Home$tretch assistance provides up to $15,000 at 0% interest with no monthly payments.
Wyoming mortgage facts
| Fact | Figure |
|---|---|
| 2026 conforming loan limit (1-unit) | $832,750 ($832,750 baseline in most counties; $1,249,125 in Teton County — Jackson Hole high-cost area) |
| Median home price | $371,854 |
| Median effective property tax rate | 0.53% |
| Average homeowner’s insurance | $1,596/year |
Data as of October 2026. Sources: FHFA 2026 conforming limits; Zillow ZHVI Aug 2026; Tax Foundation Property Taxes by State and County 2026; NAIC 2022 HO-3 avg premium via III; WCDA program pages; rate: 7.40% (Freddie Mac PMMS, week ending October 15, 2026)
Wyoming first-time buyer programs
- WCDA Standard First-Time Homebuyer Program — Low fixed-rate 30-year FHA, VA, or USDA mortgages for buyers who haven’t owned a primary residence in 3 years; county income/purchase price limits, 10-acre max, Wyoming Housing Network education course. Official site
- WCDA Home$tretch Down Payment Assistance — Up to $15,000 for down payment, closing costs, and prepaid items at 0% interest with no monthly payments; repaid at sale, refinance, or 30-year maturity (620 score, $1,500 minimum contribution). Official site
How to use this calculator
The calculator comes pre-filled with Wyoming’s $371,854 median home price, the state’s 0.53% effective property tax rate, and the $1,596/year average insurance premium. At 0.53%, taxes are only about $164 a month on a median-priced home, so your payment is dominated by principal and interest. The 2026 conforming limit is $832,750 statewide except Teton County at $1,249,125 — Jackson Hole buyers should check which side of the line they are on. WCDA’s purchase price limits ($481,176 in most areas) sit well under the conforming ceiling. Adjust the rate to your actual lender quote (2026 rates are running in the mid-6s).
Worked example: a median Wyoming home
Take a median-priced Wyoming home at $371,854. With 20% down ($74,370.80), the loan amount is $297,483.20. At 7.40% (Freddie Mac PMMS, week ending October 15, 2026) on a 30-year fixed term, principal and interest come to $2,059.71/month. Add property tax of about $164.24/month (0.53% of $371,854, divided by 12) and insurance of about $133.00/month ($1,596 a year), for a total estimated payment of $2,356.95/month. Over 30 years, total interest would be about $444,013.69. Your rate, down payment, and county tax bill will move these numbers — use the calculator above with your own figures.
What is the 2026 conforming loan limit in Wyoming?
The 2026 FHFA baseline is $832,750 for most of the state, but Teton County (Jackson Hole) is a high-cost county at $1,249,125. Loans above the applicable county limit are jumbo.
How does WCDA’s Home$tretch assistance work?
Home$tretch provides up to $15,000 for down payment, closing costs, and prepaid items at 0% interest with no monthly payments — it is repaid when you sell, refinance, or reach the 30-year maturity. It pairs with the Standard First-Time Homebuyer and Spruce Up loans, needs a 620 credit score, and requires at least $1,500 of your own contribution (gifts allowed).
What is the Standard First-Time Homebuyer Program?
WCDA’s flagship: low fixed-rate 30-year FHA, VA, or USDA mortgages for buyers who haven’t owned a primary residence in 3 years, with county-based income and purchase price limits ($481,176 in most areas) and a Wyoming Housing Network homebuyer education course. The home must sit on 10 or fewer acres.
How do Wyoming taxes affect the payment?
Wyoming has no state income tax and a 0.53% median effective property tax rate (Tax Foundation 2026) — roughly $1,971 a year on the $371,854 statewide median home value. That keeps the escrow portion of a Wyoming PITI payment unusually small.
Can I buy a fixer-upper in Wyoming?
Yes — WCDA’s Spruce Up program combines the purchase and rehabilitation loans into one low-interest 30-year mortgage for non-structural repairs, HVAC or electrical replacement, and renovations, under the same eligibility rules as the Standard program. Homeowner’s insurance averages $1,596 a year statewide (NAIC 2022 via III), with wind and hail the main cost drivers, so price coverage for the finished value.