The typical owner-occupied home in Lusk is worth about $213,000, 31% below the Wyoming median of $309,700 and 36% below the national median of $332,700. Owners pay a median $965 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 $68,507 a year, so the median home costs 3.1 times the median income (4.1 times for Wyoming). 51% of occupied homes here are lived in by their owners, and 25% of those owners still have a mortgage.
Lusk at a glance
| Lusk | Wyoming | U.S. | |
|---|---|---|---|
| Median home value | $213,000 | $309,700 | $332,700 |
| Median property tax paid per year | $965 | $1,767 | $3,119 |
| Property tax as a share of value | 0.45% | 0.57% | 0.94% |
| Median household income | $68,507 | $76,176 | $80,734 |
| Homes lived in by their owners | 51% | 72% | 65% |
| Owner homes with a mortgage | 25% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $1,144 | $1,754 | $1,963 |
| Those costs as a share of the owners' income | 17.8% | 21.0% | 21.0% |
| Median rent | $587 | $992 | $1,413 |
| Rent as a share of renters' income | 14.1% | 27.0% | 30.6% |
| Median year homes were built | 1956 | 1981 | 1980 |
| Vacant homes | 12.8% | 12.2% | 10.1% |
| Population | 1,311 | 582,397 | 334,922,499 |
What a typical home costs per month in Lusk
At this week's average 30-year rate of 7.11%, buying the median Lusk home of $213,000 with 20% down costs about $1,315 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,670, 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 $56,354 for the 20%-down payment. That payment is 23% of the median Lusk household income of $68,507; at that income and 20% down, the 28% guideline points to a home of about $259,000.
The median rent here is $587 a month, so owning the median home costs about $728 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $42,600 |
|---|---|
| Loan amount | $170,400 |
| Principal and interest | $1,146 |
| Property taxes (0.45% a year) | $80 |
| Homeowners insurance (our estimate, 0.5% a year) | $89 |
| PMI | $0 |
| Total per month | $1,315 |
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| Down payment | $7,455 |
|---|---|
| Loan amount | $209,142 |
| Principal and interest | $1,407 |
| Property taxes (0.45% a year) | $80 |
| Homeowners insurance (our estimate, 0.5% a year) | $89 |
| FHA mortgage insurance | $94 |
| Total per month | $1,670 |
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Questions about home buying in Lusk
What is the median home value in Lusk?
About $213,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Lusk?
Homeowners pay a median $965 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 Lusk?
For the median home with 20% down at 7.11%, the payment is about $1,315 a month. Keeping that under 28% of gross income takes about $56,354 a year.
More about Lusk
- Mortgage Refinance in Lusk
- Debt Relief in Lusk
- Home Equity Loans in Lusk
- 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