Total monthly cost of ownership
Cost to Own a Home in South Park, Wyoming
A $1,661,000 home here costs
$11,614per 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 $497,500 a year.
A standard mortgage calculator would have told you $9,056. The real number is $2,558 higher every month, 28% more than the payment most buyers budget for.
Compare Teton County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for South Park from a five-year rolling sample, and with about 2,021 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 Teton 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.
South Park against Teton County and Wyoming
| Measure | South Park | Teton County |
|---|---|---|
| Median home value | $1,660,700 | $1,371,900 |
| Median property tax | $4,553 | $5,462 |
| Effective tax rate | 0.274% | 0.398% |
| Median gross rent | — | $1,758 |
| Population | 2,021 | 23,358 |
The weather behind that power bill
South Park sits in Teton County, which averages a high of 76.9°F in its hottest month and a low of 0.6°F in its coldest, with 32.82" of precipitation a year and 35% of it in a single three-month stretch. That climate drives 7 cooling and 11,149 heating degree days, which is what sets the $125 electricity line above.
See the full climate breakdown for Teton County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Teton County
Talk to someone who works this market
These are South Park 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 South Park every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in South Park I already own here and may sell
Common questions
How much does it cost to own a home in South Park?
A $1,661,000 home in South Park, Wyoming costs approximately $11,614 per month with 20% down at 7.24%. That is $9,056 principal and interest, $379 property tax, $602 homeowners insurance, $193 utilities and $1,384 set aside for maintenance.
What is the property tax rate in South Park?
South Park has an effective property tax rate of 0.274%, based on a median home value of $1,660,700 and median real estate taxes of $4,553. That is lower than the Teton County average of 0.398%.
What is the average home price in South Park?
The median owner-occupied home value in South Park, Wyoming is $1,660,700, against $1,371,900 across Teton County.
Is it cheaper to rent or buy in South Park?
Rent data is not published for South Park at this level of detail.
What salary do you need to buy a home in South Park?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in South Park, Wyoming at today's rate takes a household income of roughly $497,500 a year. That covers the full $11,614 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for South Park, 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.