The typical owner-occupied home in Lance Creek is worth about $229,400, 26% below the Wyoming median of $309,700 and 31% below the national median of $332,700. 100% of occupied homes here are lived in by their owners, and 0% of those owners still have a mortgage.
Lance Creek at a glance
| Lance Creek | Wyoming | U.S. | |
|---|---|---|---|
| Median home value | $229,400 | $309,700 | $332,700 |
| Median property tax paid per year | – | $1,767 | $3,119 |
| Median household income | – | $76,176 | $80,734 |
| Homes lived in by their owners | 100% | 72% | 65% |
| Owner homes with a mortgage | 0% | 56% | 61% |
| Median monthly costs, owners with a mortgage | – | $1,754 | $1,963 |
| Median rent | – | $992 | $1,413 |
| Median year homes were built | 2003 | 1981 | 1980 |
| Vacant homes | 23.1% | 12.2% | 10.1% |
| Population | 39 | 582,397 | 334,922,499 |
What a typical home costs per month in Lance Creek
At this week's average 30-year rate of 7.11%, buying the median Lance Creek home of $229,400 with 20% down costs about $1,540 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,923, 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 $66,018 for the 20%-down payment.
| Down payment | $45,880 |
|---|---|
| Loan amount | $183,520 |
| Principal and interest | $1,235 |
| Property taxes (1.10% a year) | $210 |
| Homeowners insurance (our estimate, 0.5% a year) | $96 |
| PMI | $0 |
| Total per month | $1,540 |
Change the numbers in the calculator
| Down payment | $8,029 |
|---|---|
| Loan amount | $225,245 |
| Principal and interest | $1,515 |
| Property taxes (1.10% a year) | $210 |
| Homeowners insurance (our estimate, 0.5% a year) | $96 |
| FHA mortgage insurance | $101 |
| Total per month | $1,923 |
Change the numbers in the calculator
Questions about home buying in Lance Creek
What is the median home value in Lance Creek?
About $229,400 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
What income do you need to buy a home in Lance Creek?
For the median home with 20% down at 7.11%, the payment is about $1,540 a month. Keeping that under 28% of gross income takes about $66,018 a year.
More about Lance Creek
- Mortgage Refinance in Lance Creek
- Debt Relief in Lance Creek
- Home Equity Loans in Lance Creek
- 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