Total monthly cost of ownership
Cost to Own a Home in Lyman, Wyoming
A $268,000 home here costs
$2,085per 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 $89,500 a year.
A standard mortgage calculator would have told you $1,461. The real number is $624 higher every month, 43% more than the payment most buyers budget for.
Compare Uinta County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Lyman from a five-year rolling sample, and with about 1,777 residents that sample is small. The median home value here carries a much wider margin of error than a big-city figure does, so treat it as indicative rather than exact. The Uinta County figures are drawn from a far larger sample if you want a steadier number.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Lyman against Uinta County and Wyoming
| Measure | Lyman | Uinta County |
|---|---|---|
| Median home value | $267,500 | $255,400 |
| Median property tax | $1,324 | $1,389 |
| Effective tax rate | 0.495% | 0.544% |
| Median gross rent | $1,071 | $882 |
| Population | 1,777 | 20,605 |
The weather behind that power bill
Lyman sits in Uinta County, which averages a high of 79.7°F in its hottest month and a low of 10.6°F in its coldest, with 11.03" of precipitation a year and 31% of it in a single three-month stretch. That climate drives 45 cooling and 8,848 heating degree days, which is what sets the $125 electricity line above.
See the full climate breakdown for Uinta County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Uinta County
Talk to someone who works this market
These are Lyman 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 Lyman every week. Free, no obligation, and we never sell your details to a list.
Common questions
How much does it cost to own a home in Lyman?
A $268,000 home in Lyman, Wyoming costs approximately $2,085 per month with 20% down at 7.24%. That is $1,461 principal and interest, $111 property tax, $97 homeowners insurance, $193 utilities and $223 set aside for maintenance.
What is the property tax rate in Lyman?
Lyman has an effective property tax rate of 0.495%, based on a median home value of $267,500 and median real estate taxes of $1,324. That is lower than the Uinta County average of 0.544%.
What is the average home price in Lyman?
The median owner-occupied home value in Lyman, Wyoming is $267,500, against $255,400 across Uinta County.
Is it cheaper to rent or buy in Lyman?
Median gross rent in Lyman is $1,071 a month, against $2,085 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 Lyman?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Lyman, Wyoming at today's rate takes a household income of roughly $89,500 a year. That covers the full $2,085 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Lyman, 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.