The typical owner-occupied home in Laramie County is worth about $348,700, 13% above the Wyoming median of $309,700 and 5% above the national median of $332,700. Owners pay a median $1,980 a year in property taxes, about 0.57% of their home's value, close to the Wyoming rate of 0.57%. The median household earns $80,173 a year, so the median home costs 4.3 times the median income (4.1 times for Wyoming). 71% of occupied homes here are lived in by their owners, and 65% of those owners still have a mortgage.
Laramie County at a glance
| Laramie County | Wyoming | U.S. | |
|---|---|---|---|
| Median home value | $348,700 | $309,700 | $332,700 |
| Median property tax paid per year | $1,980 | $1,767 | $3,119 |
| Property tax as a share of value | 0.57% | 0.57% | 0.94% |
| Median household income | $80,173 | $76,176 | $80,734 |
| Homes lived in by their owners | 71% | 72% | 65% |
| Owner homes with a mortgage | 65% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $1,898 | $1,754 | $1,963 |
| Those costs as a share of the owners' income | 22.2% | 21.0% | 21.0% |
| Median rent | $1,160 | $992 | $1,413 |
| Rent as a share of renters' income | 28.9% | 27.0% | 30.6% |
| Median year homes were built | 1980 | 1981 | 1980 |
| Vacant homes | 5.2% | 12.2% | 10.1% |
| Population | 101,060 | 582,397 | 334,922,499 |
What a typical home costs per month in Laramie County
At this week's average 30-year rate of 7.11%, buying the median Laramie County home of $348,700 with 20% down costs about $2,188 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,768, 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 $93,750 for the 20%-down payment. That payment is 33% of the median Laramie County household income of $80,173; at that income and 20% down, the 28% guideline points to a home of about $298,000.
The median rent here is $1,160 a month, so owning the median home costs about $1,028 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $69,740 |
|---|---|
| Loan amount | $278,960 |
| Principal and interest | $1,877 |
| Property taxes (0.57% a year) | $166 |
| Homeowners insurance (our estimate, 0.5% a year) | $145 |
| PMI | $0 |
| Total per month | $2,188 |
Change the numbers in the calculator
| Down payment | $12,204 |
|---|---|
| Loan amount | $342,384 |
| Principal and interest | $2,303 |
| Property taxes (0.57% a year) | $166 |
| Homeowners insurance (our estimate, 0.5% a year) | $145 |
| FHA mortgage insurance | $154 |
| Total per month | $2,768 |
Change the numbers in the calculator
Questions about home buying in Laramie County
What is the median home value in Laramie County?
About $348,700 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Laramie County?
Homeowners pay a median $1,980 a year, which is about 0.57% 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 Laramie County?
For the median home with 20% down at 7.11%, the payment is about $2,188 a month. Keeping that under 28% of gross income takes about $93,750 a year.
More about Laramie County
- Mortgage Refinance in Laramie County
- Debt Relief in Laramie County
- Home Equity Loans in Laramie County
- 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