Total monthly cost of ownership
Cost to Own a Home in Casper, Wyoming
A $251,000 home here costs
$1,925per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,290. The real number is $635 higher every month — 49% more than the payment most buyers budget for.
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 $133 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
Common questions
How much does it cost to own a home in Casper?
A $251,000 home in Casper, Wyoming costs approximately $1,925 per month with 20% down at 6.66%. That is $1,290 principal and interest, $133 property tax, $91 homeowners insurance, $201 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 $1,925 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
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.