The typical owner-occupied home in Cowley is worth about $232,300, 25% below the Wyoming median of $309,700 and 30% below the national median of $332,700. Owners pay a median $1,289 a year in property taxes, about 0.55% of their home's value, close to the Wyoming rate of 0.57%. The median household earns $79,732 a year, so the median home costs 2.9 times the median income (4.1 times for Wyoming). 93% of occupied homes here are lived in by their owners, and 71% of those owners still have a mortgage.
Cowley at a glance
| Cowley | Wyoming | U.S. | |
|---|---|---|---|
| Median home value | $232,300 | $309,700 | $332,700 |
| Median property tax paid per year | $1,289 | $1,767 | $3,119 |
| Property tax as a share of value | 0.55% | 0.57% | 0.94% |
| Median household income | $79,732 | $76,176 | $80,734 |
| Homes lived in by their owners | 93% | 72% | 65% |
| Owner homes with a mortgage | 71% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $1,432 | $1,754 | $1,963 |
| Those costs as a share of the owners' income | 30.1% | 21.0% | 21.0% |
| Median rent | – | $992 | $1,413 |
| Median year homes were built | 1980 | 1981 | 1980 |
| Vacant homes | 14.5% | 12.2% | 10.1% |
| Population | 755 | 582,397 | 334,922,499 |
What a typical home costs per month in Cowley
At this week's average 30-year rate of 7.11%, buying the median Cowley home of $232,300 with 20% down costs about $1,453 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,840, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $62,289 for the 20%-down payment. That payment is 22% of the median Cowley household income of $79,732; at that income and 20% down, the 28% guideline points to a home of about $297,000.
| Down payment | $46,460 |
|---|---|
| Loan amount | $185,840 |
| Principal and interest | $1,250 |
| Property taxes (0.55% a year) | $106 |
| Homeowners insurance (our estimate, 0.5% a year) | $97 |
| PMI | $0 |
| Total per month | $1,453 |
Change the numbers in the calculator
| Down payment | $8,130 |
|---|---|
| Loan amount | $228,092 |
| Principal and interest | $1,534 |
| Property taxes (0.55% a year) | $106 |
| Homeowners insurance (our estimate, 0.5% a year) | $97 |
| FHA mortgage insurance | $103 |
| Total per month | $1,840 |
Change the numbers in the calculator
Questions about home buying in Cowley
What is the median home value in Cowley?
About $232,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Cowley?
Homeowners pay a median $1,289 a year, which is about 0.55% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Cowley?
For the median home with 20% down at 7.11%, the payment is about $1,453 a month. Keeping that under 28% of gross income takes about $62,289 a year.
More about Cowley
- Mortgage Refinance in Cowley
- Debt Relief in Cowley
- Home Equity Loans in Cowley
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data