Total monthly cost of ownership
Cost to Own a Home in Lovell, Wyoming
A $212,000 home here costs
$1,651per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,090. The real number is $561 higher every month — 51% 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.
Lovell against Big Horn County and Wyoming
| Measure | Lovell | Big Horn County |
|---|---|---|
| Median home value | $211,500 | $198,200 |
| Median property tax | $1,278 | $1,156 |
| Effective tax rate | 0.604% | 0.583% |
| Median gross rent | $690 | $876 |
| Population | 2,590 | 11,737 |
The weather behind that power bill
Lovell sits in Big Horn County, which averages a high of 91.4°F in its hottest month and a low of 6.0°F in its coldest, with 5.55" of precipitation a year and 53% of it in a single three-month stretch. That climate drives 743 cooling and 7,546 heating degree days, which is what sets the $133 electricity line above.
See the full climate breakdown for Big Horn County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Big Horn County
Full Big Horn County cost breakdown · Every county in Wyoming
Common questions
How much does it cost to own a home in Lovell?
A $212,000 home in Lovell, Wyoming costs approximately $1,651 per month with 20% down at 6.66%. That is $1,090 principal and interest, $107 property tax, $77 homeowners insurance, $201 utilities and $177 set aside for maintenance.
What is the property tax rate in Lovell?
Lovell has an effective property tax rate of 0.604%, based on a median home value of $211,500 and median real estate taxes of $1,278. That is higher than the Big Horn County average of 0.583%.
What is the average home price in Lovell?
The median owner-occupied home value in Lovell, Wyoming is $211,500, against $198,200 across Big Horn County.
Is it cheaper to rent or buy in Lovell?
Median gross rent in Lovell is $690 a month, against $1,651 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 Lovell — 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.