The typical owner-occupied home in Worland is worth about $185,300, 40% below the Wyoming median of $309,700 and 44% below the national median of $332,700. Owners pay a median $1,274 a year in property taxes, about 0.69% of their home's value, higher than the Wyoming rate of 0.57%. The median household earns $63,357 a year, so the median home costs 2.9 times the median income (4.1 times for Wyoming). 71% of occupied homes here are lived in by their owners, and 58% of those owners still have a mortgage.
Worland at a glance
| Worland | Wyoming | U.S. | |
|---|---|---|---|
| Median home value | $185,300 | $309,700 | $332,700 |
| Median property tax paid per year | $1,274 | $1,767 | $3,119 |
| Property tax as a share of value | 0.69% | 0.57% | 0.94% |
| Median household income | $63,357 | $76,176 | $80,734 |
| Homes lived in by their owners | 71% | 72% | 65% |
| Owner homes with a mortgage | 58% | 56% | 61% |
| Median monthly costs, owners with a mortgage | $1,216 | $1,754 | $1,963 |
| Those costs as a share of the owners' income | 20.3% | 21.0% | 21.0% |
| Median rent | $703 | $992 | $1,413 |
| Rent as a share of renters' income | 31.8% | 27.0% | 30.6% |
| Median year homes were built | 1965 | 1981 | 1980 |
| Vacant homes | 9.6% | 12.2% | 10.1% |
| Population | 4,794 | 582,397 | 334,922,499 |
What a typical home costs per month in Worland
At this week's average 30-year rate of 7.11%, buying the median Worland home of $185,300 with 20% down costs about $1,181 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $1,490, 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 $50,613 for the 20%-down payment. That payment is 22% of the median Worland household income of $63,357; at that income and 20% down, the 28% guideline points to a home of about $232,000.
The median rent here is $703 a month, so owning the median home costs about $478 a month more than renting, before you count the equity you build and any tax benefits.
| Down payment | $37,060 |
|---|---|
| Loan amount | $148,240 |
| Principal and interest | $997 |
| Property taxes (0.69% a year) | $107 |
| Homeowners insurance (our estimate, 0.5% a year) | $77 |
| PMI | $0 |
| Total per month | $1,181 |
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| Down payment | $6,486 |
|---|---|
| Loan amount | $181,944 |
| Principal and interest | $1,224 |
| Property taxes (0.69% a year) | $107 |
| Homeowners insurance (our estimate, 0.5% a year) | $77 |
| FHA mortgage insurance | $82 |
| Total per month | $1,490 |
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Questions about home buying in Worland
What is the median home value in Worland?
About $185,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Worland?
Homeowners pay a median $1,274 a year, which is about 0.69% 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 Worland?
For the median home with 20% down at 7.11%, the payment is about $1,181 a month. Keeping that under 28% of gross income takes about $50,613 a year.
More about Worland
- Mortgage Refinance in Worland
- Debt Relief in Worland
- Home Equity Loans in Worland
- 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