Total monthly cost of ownership
Cost to Own a Home in North Rock Springs, Wyoming
A $317,000 home here costs
$2,428per 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 $104,000 a year.
A standard mortgage calculator would have told you $1,728. The real number is $700 higher every month, 40% more than the payment most buyers budget for.
Compare Sweetwater County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for North Rock Springs from a five-year rolling sample, and with about 2,338 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 Sweetwater 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.
North Rock Springs against Sweetwater County and Wyoming
| Measure | North Rock Springs | Sweetwater County |
|---|---|---|
| Median home value | $317,100 | $242,900 |
| Median property tax | $1,538 | $1,469 |
| Effective tax rate | 0.485% | 0.605% |
| Median gross rent | — | $913 |
| Population | 2,338 | 41,786 |
The weather behind that power bill
North Rock Springs sits in Sweetwater County, which averages a high of 84.1°F in its hottest month and a low of 13.4°F in its coldest, with 7.55" of precipitation a year and 38% of it in a single three-month stretch. That climate drives 319 cooling and 8,064 heating degree days, which is what sets the $125 electricity line above.
See the full climate breakdown for Sweetwater County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Sweetwater County
Full Sweetwater County cost breakdown · Every county in Wyoming
Talk to someone who works this market
These are North Rock Springs 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 North Rock Springs every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in North Rock Springs I already own here and may sell
Common questions
How much does it cost to own a home in North Rock Springs?
A $317,000 home in North Rock Springs, Wyoming costs approximately $2,428 per month with 20% down at 7.24%. That is $1,728 principal and interest, $128 property tax, $115 homeowners insurance, $193 utilities and $264 set aside for maintenance.
What is the property tax rate in North Rock Springs?
North Rock Springs has an effective property tax rate of 0.485%, based on a median home value of $317,100 and median real estate taxes of $1,538. That is lower than the Sweetwater County average of 0.605%.
What is the average home price in North Rock Springs?
The median owner-occupied home value in North Rock Springs, Wyoming is $317,100, against $242,900 across Sweetwater County.
Is it cheaper to rent or buy in North Rock Springs?
Rent data is not published for North Rock Springs at this level of detail.
What salary do you need to buy a home in North Rock Springs?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in North Rock Springs, Wyoming at today's rate takes a household income of roughly $104,000 a year. That covers the full $2,428 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for North Rock Springs, 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.