The typical owner-occupied home in Lyman is worth about $288,500, 7% below the Wyoming median of $309,700 and 13% below the national median of $332,700. Owners pay a median $1,374 a year in property taxes, about 0.48% of their home's value, lower than the Wyoming rate of 0.57%. The median household earns $101,190 a year, so the median home costs 2.9 times the median income (4.1 times for Wyoming). 77% of occupied homes here are lived in by their owners, and 58% of those owners still have a mortgage.
Lyman at a glance
| Lyman | Wyoming | U.S. | |
|---|---|---|---|
| Median home value | $288,500 | $309,700 | $332,700 |
| Median property tax paid per year | $1,374 | $1,767 | $3,119 |
| Property tax as a share of value | 0.48% | 0.57% | 0.94% |
| Median household income | $101,190 | $76,176 | $80,734 |
| Homes lived in by their owners | 77% | 72% | 65% |
| Owner homes with a mortgage | 58% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $1,541 | $1,754 | $1,963 |
| Those costs as a share of the owners' income | 17.3% | 21.0% | 21.0% |
| Median rent | $1,150 | $992 | $1,413 |
| Rent as a share of renters' income | 23.7% | 27.0% | 30.6% |
| Median year homes were built | 1989 | 1981 | 1980 |
| Vacant homes | 16.1% | 12.2% | 10.1% |
| Population | 1,858 | 582,397 | 334,922,499 |
What a typical home costs per month in Lyman
At this week's average 30-year rate of 7.11%, buying the median Lyman home of $288,500 with 20% down costs about $1,788 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $2,269, 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 $76,638 for the 20%-down payment. That payment is 21% of the median Lyman household income of $101,190; at that income and 20% down, the 28% guideline points to a home of about $381,000.
The median rent here is $1,150 a month, so owning the median home costs about $638 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $57,700 |
|---|---|
| Loan amount | $230,800 |
| Principal and interest | $1,553 |
| Property taxes (0.48% a year) | $115 |
| Homeowners insurance (our estimate, 0.5% a year) | $120 |
| PMI | $0 |
| Total per month | $1,788 |
Change the numbers in the calculator
| Down payment | $10,098 |
|---|---|
| Loan amount | $283,275 |
| Principal and interest | $1,906 |
| Property taxes (0.48% a year) | $115 |
| Homeowners insurance (our estimate, 0.5% a year) | $120 |
| FHA mortgage insurance | $128 |
| Total per month | $2,269 |
Change the numbers in the calculator
Questions about home buying in Lyman
What is the median home value in Lyman?
About $288,500 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Lyman?
Homeowners pay a median $1,374 a year, which is about 0.48% 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 Lyman?
For the median home with 20% down at 7.11%, the payment is about $1,788 a month. Keeping that under 28% of gross income takes about $76,638 a year.
More about Lyman
- Mortgage Refinance in Lyman
- Debt Relief in Lyman
- Home Equity Loans in Lyman
- 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