Total monthly cost of ownership
Cost to Own a Home in Cody, Wyoming
A $357,000 home here costs
$2,638per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,835. The real number is $803 higher every month — 44% 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.
Cody against Park County and Wyoming
| Measure | Cody | Park County |
|---|---|---|
| Median home value | $357,300 | $374,200 |
| Median property tax | $2,101 | $2,115 |
| Effective tax rate | 0.588% | 0.565% |
| Median gross rent | $1,039 | $933 |
| Population | 10,121 | 30,109 |
The weather behind that power bill
Cody sits in Park County, which averages a high of 82.7°F in its hottest month and a low of 17.4°F in its coldest, with 10.34" of precipitation a year and 38% of it in a single three-month stretch. That climate drives 229 cooling and 7,510 heating degree days, which is what sets the $133 electricity line above.
See the full climate breakdown for Park County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Park County
Common questions
How much does it cost to own a home in Cody?
A $357,000 home in Cody, Wyoming costs approximately $2,638 per month with 20% down at 6.66%. That is $1,835 principal and interest, $175 property tax, $129 homeowners insurance, $201 utilities and $298 set aside for maintenance.
What is the property tax rate in Cody?
Cody has an effective property tax rate of 0.588%, based on a median home value of $357,300 and median real estate taxes of $2,101. That is higher than the Park County average of 0.565%.
What is the average home price in Cody?
The median owner-occupied home value in Cody, Wyoming is $357,300, against $374,200 across Park County.
Is it cheaper to rent or buy in Cody?
Median gross rent in Cody is $1,039 a month, against $2,638 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 Cody — 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.