Current home values in Wyoming

Home values have been rising throughout Wyoming and are up 11.8% from a year ago.

Statewide, the median value for a single-family home — meaning half are worth more, half are worth less — is currently $698,418, Realtor says.

Real estate agents say would-be homebuyers in some parts of the country are starting to overcome the obstacles caused by COVID-19 and are going virtual house hunting to take advantage of today's bargain mortgage rates and the low monthly house payments they provide.

Here's how that works in Wyoming: Let's say you want to buy a mid-priced home using a 30-year fixed-rate mortgage at the current average interest, which is a low 3.33%, according to mortgage company Freddie Mac.

A 30-year mortgage for a $698,418 home at 3.33% would give a typical Wyoming homebuyer a monthly payment of $2,456, assuming a 20% down payment.

How the Wyoming housing market stacks up

Parents and son in a field
Lightfield Studios / Shutterstock
Parents and son can take a break from their week and relax in a field in Wyoming

The state's median home value is higher than the U.S. median of $248,948, which is up 5.1% from a year ago.

While the coronavirus is expected to continue hanging over the U.S. economy like a dark cloud, Zillow forecasts that U.S. home values will rise 5.1% over the next year, while in Wyoming, they're predicted to rise 4.6%.

Homes right now are going on the market in Wyoming at a median price of $124 per square foot, versus $134 per square foot nationwide.

Are you looking to buy? Take a look at today's best mortgage rates where you live.

Wyoming home prices over the last 10 years

Year Avg. Price
2020* $255,359
2019 $228,338
2018 $220,433
2017 $210,917
2016 $208,333
2015 $201,408
2014 $192,783
2013 $189,108
2012 $184,275
2011 $181,950
2010 $182,592
2009 $182,583

*2020 price average through March 31, 2020.

How much for an average-sized home?

Here's what a 2,500-square-foot home in Wyoming is worth now, and how that's changed over the last decade, based on the Zillow Home Value Index.

Year Avg. Price
2020* $310,066
2019 $442,500
2018 $425,000
2017 $405,000
2016 $400,000
2015 $390,000
2014 $372,500
2013 $360,000
2012 $352,500
2011 $347,500
2010 $350,000
2009

*2020 price average through March 31, 2020.

About the Author

Doug Whiteman

Doug Whiteman

Editor-in-Chief

Doug Whiteman is the editor-in-chief of MoneyWise. He has been quoted by The Wall Street Journal, USA Today and CNBC.com and has been interviewed on Fox Business, CBS Radio and the syndicated TV show "First Business."