The typical owner-occupied home in Elk Mountain is worth about $228,000, 26% below the Wyoming median of $309,700 and 31% below the national median of $332,700. Owners pay a median $2,071 a year in property taxes, about 0.91% of their home's value, higher than the Wyoming rate of 0.57%. The median household earns $66,250 a year, so the median home costs 3.4 times the median income (4.1 times for Wyoming). 83% of occupied homes here are lived in by their owners, and 33% of those owners still have a mortgage.
Elk Mountain at a glance
| Elk Mountain | Wyoming | U.S. | |
|---|---|---|---|
| Median home value | $228,000 | $309,700 | $332,700 |
| Median property tax paid per year | $2,071 | $1,767 | $3,119 |
| Property tax as a share of value | 0.91% | 0.57% | 0.94% |
| Median household income | $66,250 | $76,176 | $80,734 |
| Homes lived in by their owners | 83% | 72% | 65% |
| Owner homes with a mortgage | 33% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $1,681 | $1,754 | $1,963 |
| Those costs as a share of the owners' income | 12.2% | 21.0% | 21.0% |
| Median rent | – | $992 | $1,413 |
| Median year homes were built | 1945 | 1981 | 1980 |
| Vacant homes | 38.2% | 12.2% | 10.1% |
| Population | 99 | 582,397 | 334,922,499 |
What a typical home costs per month in Elk Mountain
At this week's average 30-year rate of 7.11%, buying the median Elk Mountain home of $228,000 with 20% down costs about $1,495 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,875, 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 $64,068 for the 20%-down payment. That payment is 27% of the median Elk Mountain household income of $66,250; at that income and 20% down, the 28% guideline points to a home of about $236,000.
| Down payment | $45,600 |
|---|---|
| Loan amount | $182,400 |
| Principal and interest | $1,227 |
| Property taxes (0.91% a year) | $173 |
| Homeowners insurance (our estimate, 0.5% a year) | $95 |
| PMI | $0 |
| Total per month | $1,495 |
Change the numbers in the calculator
| Down payment | $7,980 |
|---|---|
| Loan amount | $223,870 |
| Principal and interest | $1,506 |
| Property taxes (0.91% a year) | $173 |
| Homeowners insurance (our estimate, 0.5% a year) | $95 |
| FHA mortgage insurance | $101 |
| Total per month | $1,875 |
Change the numbers in the calculator
Questions about home buying in Elk Mountain
What is the median home value in Elk Mountain?
About $228,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Elk Mountain?
Homeowners pay a median $2,071 a year, which is about 0.91% 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 Elk Mountain?
For the median home with 20% down at 7.11%, the payment is about $1,495 a month. Keeping that under 28% of gross income takes about $64,068 a year.
More about Elk Mountain
- Mortgage Refinance in Elk Mountain
- Debt Relief in Elk Mountain
- Home Equity Loans in Elk Mountain
- 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