The typical owner-occupied home in Cody is worth about $378,500, 22% above the Wyoming median of $309,700 and 14% above the national median of $332,700. Owners pay a median $2,247 a year in property taxes, about 0.59% of their home's value, close to the Wyoming rate of 0.57%. The median household earns $72,570 a year, so the median home costs 5.2 times the median income (4.1 times for Wyoming). 69% of occupied homes here are lived in by their owners, and 54% of those owners still have a mortgage.
Cody at a glance
| Cody | Wyoming | U.S. | |
|---|---|---|---|
| Median home value | $378,500 | $309,700 | $332,700 |
| Median property tax paid per year | $2,247 | $1,767 | $3,119 |
| Property tax as a share of value | 0.59% | 0.57% | 0.94% |
| Median household income | $72,570 | $76,176 | $80,734 |
| Homes lived in by their owners | 69% | 72% | 65% |
| Owner homes with a mortgage | 54% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $1,517 | $1,754 | $1,963 |
| Those costs as a share of the owners' income | 20.8% | 21.0% | 21.0% |
| Median rent | $1,051 | $992 | $1,413 |
| Rent as a share of renters' income | 28.0% | 27.0% | 30.6% |
| Median year homes were built | 1982 | 1981 | 1980 |
| Vacant homes | 8.7% | 12.2% | 10.1% |
| Population | 10,276 | 582,397 | 334,922,499 |
What a typical home costs per month in Cody
At this week's average 30-year rate of 7.11%, buying the median Cody home of $378,500 with 20% down costs about $2,381 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $3,011, 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 $102,032 for the 20%-down payment. That payment is 39% of the median Cody household income of $72,570; at that income and 20% down, the 28% guideline points to a home of about $269,000.
The median rent here is $1,051 a month, so owning the median home costs about $1,330 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $75,700 |
|---|---|
| Loan amount | $302,800 |
| Principal and interest | $2,037 |
| Property taxes (0.59% a year) | $186 |
| Homeowners insurance (our estimate, 0.5% a year) | $158 |
| PMI | $0 |
| Total per month | $2,381 |
Change the numbers in the calculator
| Down payment | $13,248 |
|---|---|
| Loan amount | $371,644 |
| Principal and interest | $2,500 |
| Property taxes (0.59% a year) | $186 |
| Homeowners insurance (our estimate, 0.5% a year) | $158 |
| FHA mortgage insurance | $167 |
| Total per month | $3,011 |
Change the numbers in the calculator
Questions about home buying in Cody
What is the median home value in Cody?
About $378,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Cody?
Homeowners pay a median $2,247 a year, which is about 0.59% 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 Cody?
For the median home with 20% down at 7.11%, the payment is about $2,381 a month. Keeping that under 28% of gross income takes about $102,032 a year.
More about Cody
- Mortgage Refinance in Cody
- Debt Relief in Cody
- Home Equity Loans in Cody
- 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