Total monthly cost of ownership
Cost to Own a Home in Douglas, Wyoming
A $252,000 home here costs
$1,986per month, all in, with 20% down at today's 7.24% 30-year fixed rate. By the 28% rule that takes a household income of about $85,000 a year.
A standard mortgage calculator would have told you $1,374. The real number is $612 higher every month, 45% more than the payment most buyers budget for.
Compare Converse 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.
Douglas against Converse County and Wyoming
| Measure | Douglas | Converse County |
|---|---|---|
| Median home value | $251,500 | $269,700 |
| Median property tax | $1,415 | $1,557 |
| Effective tax rate | 0.563% | 0.577% |
| Median gross rent | $830 | $930 |
| Population | 6,400 | 13,759 |
The weather behind that power bill
Douglas sits in Converse County, which averages a high of 89.0°F in its hottest month and a low of 12.0°F in its coldest, with 11.22" of precipitation a year and 49% of it in a single three-month stretch. That climate drives 512 cooling and 7,303 heating degree days, which is what sets the $125 electricity line above.
See the full climate breakdown for Converse County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Converse County
Full Converse County cost breakdown · Every county in Wyoming
Talk to someone who works this market
These are Douglas 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 Douglas every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Douglas I already own here and may sell
Common questions
How much does it cost to own a home in Douglas?
A $252,000 home in Douglas, Wyoming costs approximately $1,986 per month with 20% down at 7.24%. That is $1,374 principal and interest, $118 property tax, $91 homeowners insurance, $193 utilities and $210 set aside for maintenance.
What is the property tax rate in Douglas?
Douglas has an effective property tax rate of 0.563%, based on a median home value of $251,500 and median real estate taxes of $1,415. That is lower than the Converse County average of 0.577%.
What is the average home price in Douglas?
The median owner-occupied home value in Douglas, Wyoming is $251,500, against $269,700 across Converse County.
Is it cheaper to rent or buy in Douglas?
Median gross rent in Douglas is $830 a month, against $1,986 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 Douglas?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Douglas, Wyoming at today's rate takes a household income of roughly $85,000 a year. That covers the full $1,986 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Douglas, 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.