Total monthly cost of ownership
Cost to Own a Home in Wheatland, Wyoming
A $236,000 home here costs
$1,893per 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 $81,000 a year.
A standard mortgage calculator would have told you $1,287. The real number is $606 higher every month, 47% more than the payment most buyers budget for.
Compare Platte County with anywhere in America · full county breakdown
Small-place caveat: the Census publishes these figures for Wheatland from a five-year rolling sample, and with about 3,570 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 Platte 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.
Wheatland against Platte County and Wyoming
| Measure | Wheatland | Platte County |
|---|---|---|
| Median home value | $236,400 | $248,900 |
| Median property tax | $1,577 | $1,464 |
| Effective tax rate | 0.667% | 0.588% |
| Median gross rent | $707 | $745 |
| Population | 3,570 | 8,606 |
The weather behind that power bill
Wheatland sits in Platte County, which averages a high of 90.3°F in its hottest month and a low of 16.2°F in its coldest, with 14.13" of precipitation a year and 46% of it in a single three-month stretch. That climate drives 565 cooling and 6,373 heating degree days, which is what sets the $125 electricity line above.
See the full climate breakdown for Platte County , month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Platte County
No other places of this size are published in Platte County.
Talk to someone who works this market
These are Wheatland 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 Wheatland every week. Free, no obligation, and we never sell your details to a list.
I'm looking to buy in Wheatland I already own here and may sell
Common questions
How much does it cost to own a home in Wheatland?
A $236,000 home in Wheatland, Wyoming costs approximately $1,893 per month with 20% down at 7.24%. That is $1,287 principal and interest, $131 property tax, $86 homeowners insurance, $193 utilities and $197 set aside for maintenance.
What is the property tax rate in Wheatland?
Wheatland has an effective property tax rate of 0.667%, based on a median home value of $236,400 and median real estate taxes of $1,577. That is higher than the Platte County average of 0.588%.
What is the average home price in Wheatland?
The median owner-occupied home value in Wheatland, Wyoming is $236,400, against $248,900 across Platte County.
Is it cheaper to rent or buy in Wheatland?
Median gross rent in Wheatland is $707 a month, against $1,893 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 Wheatland?
Using the standard 28% rule, housing costs at no more than 28% of gross income, buying the median home in Wheatland, Wyoming at today's rate takes a household income of roughly $81,000 a year. That covers the full $1,893 monthly cost, not just the mortgage payment.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Wheatland, 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.