The typical owner-occupied home in Lincoln County is worth about $372,600, 20% above the Wyoming median of $309,700 and 12% above the national median of $332,700. Owners pay a median $1,664 a year in property taxes, about 0.45% of their home's value, lower than the Wyoming rate of 0.57%. The median household earns $89,330 a year, so the median home costs 4.2 times the median income (4.1 times for Wyoming). 77% of occupied homes here are lived in by their owners, and 52% of those owners still have a mortgage.
Lincoln County at a glance
| Lincoln County | Wyoming | U.S. | |
|---|---|---|---|
| Median home value | $372,600 | $309,700 | $332,700 |
| Median property tax paid per year | $1,664 | $1,767 | $3,119 |
| Property tax as a share of value | 0.45% | 0.57% | 0.94% |
| Median household income | $89,330 | $76,176 | $80,734 |
| Homes lived in by their owners | 77% | 72% | 65% |
| Owner homes with a mortgage | 52% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $1,857 | $1,754 | $1,963 |
| Those costs as a share of the owners' income | 18.5% | 21.0% | 21.0% |
| Median rent | $960 | $992 | $1,413 |
| Rent as a share of renters' income | 22.6% | 27.0% | 30.6% |
| Median year homes were built | 1988 | 1981 | 1980 |
| Vacant homes | 16.5% | 12.2% | 10.1% |
| Population | 20,486 | 582,397 | 334,922,499 |
What a typical home costs per month in Lincoln County
At this week's average 30-year rate of 7.11%, buying the median Lincoln County home of $372,600 with 20% down costs about $2,300 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,921, 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 $98,579 for the 20%-down payment. That payment is 31% of the median Lincoln County household income of $89,330; at that income and 20% down, the 28% guideline points to a home of about $338,000.
The median rent here is $960 a month, so owning the median home costs about $1,340 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $74,520 |
|---|---|
| Loan amount | $298,080 |
| Principal and interest | $2,005 |
| Property taxes (0.45% a year) | $140 |
| Homeowners insurance (our estimate, 0.5% a year) | $155 |
| PMI | $0 |
| Total per month | $2,300 |
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| Down payment | $13,041 |
|---|---|
| Loan amount | $365,851 |
| Principal and interest | $2,461 |
| Property taxes (0.45% a year) | $140 |
| Homeowners insurance (our estimate, 0.5% a year) | $155 |
| FHA mortgage insurance | $165 |
| Total per month | $2,921 |
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Questions about home buying in Lincoln County
What is the median home value in Lincoln County?
About $372,600 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Lincoln County?
Homeowners pay a median $1,664 a year, which is about 0.45% 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 Lincoln County?
For the median home with 20% down at 7.11%, the payment is about $2,300 a month. Keeping that under 28% of gross income takes about $98,579 a year.
More about Lincoln County
- Mortgage Refinance in Lincoln County
- Debt Relief in Lincoln County
- Home Equity Loans in Lincoln 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