Total monthly cost of ownership
Cost to Own a Home in Ranchettes, Wyoming
A $561,000 home here costs
$4,195per month, all in, with 20% down at today's 7.40% 30-year fixed rate. By the 28% rule that takes a household income of about $180,000 a year.
A standard mortgage calculator would have told you $3,107. The real number is $1,087 higher every month, 35% more than the payment most buyers budget for.
Compare Laramie 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.
Ranchettes against Laramie County and Wyoming
| Measure | Ranchettes | Laramie County |
|---|---|---|
| Median home value | $560,900 | $324,900 |
| Median property tax | $2,695 | $1,893 |
| Effective tax rate | 0.480% | 0.583% |
| Median gross rent | $658 | $1,080 |
| Population | 6,389 | 100,661 |
The weather behind that power bill
Ranchettes sits in Laramie County, which averages a high of 84.1°F in its hottest month and a low of 18.1°F in its coldest, with 15.41" of precipitation a year and 44% of it in a single three-month stretch. That climate drives 399 cooling and 6,959 heating degree days, which is what sets the $124 electricity line above.
See the full climate breakdown for Laramie County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Laramie County
Full Laramie County cost breakdown · Every county in Wyoming
Talk to someone who works this market
These are Ranchettes 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 Ranchettes every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Ranchettes I already own here and may sell
Common questions
How much does it cost to own a home in Ranchettes?
A $561,000 home in Ranchettes, Wyoming costs approximately $4,195 per month with 20% down at 7.4%. That is $3,107 principal and interest, $224 property tax, $203 homeowners insurance, $192 utilities and $468 set aside for maintenance.
What is the property tax rate in Ranchettes?
Ranchettes has an effective property tax rate of 0.480%, based on a median home value of $560,900 and median real estate taxes of $2,695. That is lower than the Laramie County average of 0.583%.
What is the average home price in Ranchettes?
The median owner-occupied home value in Ranchettes, Wyoming is $560,900, against $324,900 across Laramie County.
Is it cheaper to rent or buy in Ranchettes?
Median gross rent in Ranchettes is $658 a month, against $4,195 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 Ranchettes?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Ranchettes, Wyoming at today's rate takes a household income of roughly $180,000 a year. That covers the full $4,195 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Ranchettes, 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.