The typical owner-occupied home in Chugwater is worth about $295,000, 5% below the Wyoming median of $309,700 and 11% below the national median of $332,700. Owners pay a median $1,539 a year in property taxes, about 0.52% of their home's value, lower than the Wyoming rate of 0.57%. The median household earns $68,475 a year, so the median home costs 4.3 times the median income (4.1 times for Wyoming). 90% of occupied homes here are lived in by their owners, and 38% of those owners still have a mortgage.
Chugwater at a glance
| Chugwater | Wyoming | U.S. | |
|---|---|---|---|
| Median home value | $295,000 | $309,700 | $332,700 |
| Median property tax paid per year | $1,539 | $1,767 | $3,119 |
| Property tax as a share of value | 0.52% | 0.57% | 0.94% |
| Median household income | $68,475 | $76,176 | $80,734 |
| Homes lived in by their owners | 90% | 72% | 65% |
| Owner homes with a mortgage | 38% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $1,199 | $1,754 | $1,963 |
| Those costs as a share of the owners' income | 20.2% | 21.0% | 21.0% |
| Median rent | $643 | $992 | $1,413 |
| Rent as a share of renters' income | 26.7% | 27.0% | 30.6% |
| Median year homes were built | 1957 | 1981 | 1980 |
| Vacant homes | 15.4% | 12.2% | 10.1% |
| Population | 228 | 582,397 | 334,922,499 |
What a typical home costs per month in Chugwater
At this week's average 30-year rate of 7.11%, buying the median Chugwater home of $295,000 with 20% down costs about $1,838 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,330, 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 $78,786 for the 20%-down payment. That payment is 32% of the median Chugwater household income of $68,475; at that income and 20% down, the 28% guideline points to a home of about $256,000.
The median rent here is $643 a month, so owning the median home costs about $1,195 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $59,000 |
|---|---|
| Loan amount | $236,000 |
| Principal and interest | $1,588 |
| Property taxes (0.52% a year) | $128 |
| Homeowners insurance (our estimate, 0.5% a year) | $123 |
| PMI | $0 |
| Total per month | $1,838 |
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| Down payment | $10,325 |
|---|---|
| Loan amount | $289,657 |
| Principal and interest | $1,949 |
| Property taxes (0.52% a year) | $128 |
| Homeowners insurance (our estimate, 0.5% a year) | $123 |
| FHA mortgage insurance | $130 |
| Total per month | $2,330 |
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Questions about home buying in Chugwater
What is the median home value in Chugwater?
About $295,000 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Chugwater?
Homeowners pay a median $1,539 a year, which is about 0.52% 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 Chugwater?
For the median home with 20% down at 7.11%, the payment is about $1,838 a month. Keeping that under 28% of gross income takes about $78,786 a year.
More about Chugwater
- Mortgage Refinance in Chugwater
- Debt Relief in Chugwater
- Home Equity Loans in Chugwater
- 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