The calculator is pre-filled for a $339,500 home (the Wyoming median, ranked 27th of 51) with 20% down at 7.40%. That comes to $2,196.17 a month: $1,880.50 principal and interest, $161.25 tax, $154.42 insurance. With 5% down and PMI it is $2,683.15.
Homestead exemptions and property tax relief
For 2026, a primary residence gets an exemption of 25% of the first $1 million of fair market value if you live there at least eight months a year. Initiative 1, a citizen-initiated statute on the November 3, 2026 ballot, would exempt 50% of a primary residence's assessed value. The Secretary of State's voter guide says that if it passes, the earliest tax year it could apply to is 2027.
First-time buyer programs
The Wyoming Community Development Authority's down payment assistance provides up to $15,000. Its Homestretch option is 0% with no monthly payments, due on sale, refinance or after 30 years.
Transfer and recording taxes
Wyoming has no real estate transfer tax. The sworn statement of consideration filed at recording is confidential under W.S. 34-1-142.
Closing costs to plan for
Buyer costs are title, lender and recording fees.
When property tax bills are due
Wyoming splits the property tax bill in half: 50% is due by November 10 and the other 50% by May 10 of the following year. Most lenders pay both halves from escrow. The state also runs a Property Tax Refund Program for owners who meet its income and residency rules. The 2026 application window closed June 1, so watch for next year's dates.
Before you buy in Wyoming
To keep the current 25% exemption, the home must be your primary residence for at least eight months of the year. Watch the November 3, 2026 vote: if Initiative 1 passes, the Secretary of State says it would first apply to tax year 2027, and you would file a sworn claim with the county assessor by the fourth Monday in May. Hail and wind drive Wyoming insurance costs, so check the roof and the deductible when you shop for coverage.
2026 loan limit in Wyoming
FHFA 2026 one-unit conforming limits: 1 of 23 counties run above $832,750, peaking at $1,249,125 in Teton County. A median-home loan of $271,600 is conforming.
Wyoming numbers used above
| Measure | Wyoming | U.S. |
|---|---|---|
| Median home value (ACS 2024) | $339,500 | $360,600 |
| Effective property tax rate | 0.57% (38th highest) | 0.89% |
| Average HO-3 premium (NAIC 2023) | $1,853 | $1,737 |
| Median household income | $75,532 | $81,604 |
| Median gross rent | $998 | $1,487 |
| Income needed at 28% (20% down) | $94,122 | – |
Frequently asked questions
When are Wyoming property taxes due?
Half by November 10 and the other half by May 10 of the following year.
What would Wyoming's Initiative 1 do?
It would exempt 50% of a primary residence's assessed value. If voters approve it on November 3, 2026, the earliest tax year it could apply to is 2027.
Does Wyoming have a property tax refund program?
Yes, for owners who meet income and residency rules. Applications for 2026 were due June 1, 2026.
What is the median-home payment in Wyoming?
About $2,196.17 a month on a $339,500 home with 20% down at 7.40%, including tax and insurance.
Sources
- Wyoming DOR, residential property
- Wyoming DOR, Property Tax Refund Program
- Wyoming SOS 2026 Voter Guide
- Wyoming DOR, owner-occupied exemption
- Wyoming 2026 ballot propositions
- WCDA homebuyers
- W.S. 34-1-142
- FHFA, 2026 conforming loan limits
- Census ACS 2024 1-year (B25077, B25103, B19013, B25064); NAIC homeowners report (2023); Freddie Mac PMMS.
See also: all states · house affordability · Wyoming paycheck