Total monthly cost of ownership
Cost to Own a Home in Casper, Wyoming
A $251,000 home here costs
$2,016per month, all in, with 20% down at today's 7.40% 30-year fixed rate. By the 28% rule that takes a household income of about $86,500 a year.
A standard mortgage calculator would have told you $1,390. The real number is $626 higher every month, 45% more than the payment most buyers budget for.
Compare Natrona County with anywhere in America · full county breakdown
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Casper against Natrona County and Wyoming
| Measure | Casper | Natrona County |
|---|---|---|
| Median home value | $250,700 | $260,400 |
| Median property tax | $1,600 | $1,608 |
| Effective tax rate | 0.638% | 0.618% |
| Median gross rent | $964 | $973 |
| Population | 58,754 | 79,735 |
The weather behind that power bill
Casper sits in Natrona County, which averages a high of 89.0°F in its hottest month and a low of 14.8°F in its coldest, with 12.22" of precipitation a year and 41% of it in a single three-month stretch. That climate drives 443 cooling and 7,485 heating degree days, which is what sets the $124 electricity line above.
See the full climate breakdown for Natrona County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Natrona County
Full Natrona County cost breakdown · Every county in Wyoming
Talk to someone who works this market
These are Casper averages. What one specific house costs to own, or what it would sell for today, depends on the street and the condition of the place. We will connect you with one licensed local agent who works Casper every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Casper I already own here and may sell
Common questions
How much does it cost to own a home in Casper?
A $251,000 home in Casper, Wyoming costs approximately $2,016 per month with 20% down at 7.4%. That is $1,390 principal and interest, $133 property tax, $91 homeowners insurance, $192 utilities and $209 set aside for maintenance.
What is the property tax rate in Casper?
Casper has an effective property tax rate of 0.638%, based on a median home value of $250,700 and median real estate taxes of $1,600. That is higher than the Natrona County average of 0.618%.
What is the average home price in Casper?
The median owner-occupied home value in Casper, Wyoming is $250,700, against $260,400 across Natrona County.
Is it cheaper to rent or buy in Casper?
Median gross rent in Casper is $964 a month, against $2,016 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
What salary do you need to buy a home in Casper?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Casper, Wyoming at today's rate takes a household income of roughly $86,500 a year. That covers the full $2,016 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Casper, US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance, NAIC average premium for Wyoming.
- Electricity price, EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate, Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.