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If you're considering purchasing a home in Wyoming, it's smart to talk with several mortgage lenders about what loan terms and interest rates you may qualify for. Most lenders allow you to get pre-qualified online quickly to find out what borrowing will cost you. This makes it easy to find the best mortgage rates in Wyoming and ensure you don't pay more than necessary for your home. Get started by checking out some of the most affordable places to live in Wyoming.
Buying a Wyoming home can be expensive. However, some places have a lower cost of living than others, so here are five of the most affordable places to live in the state.
Evanston ranks sixth on Niche's list of places with the lowest cost of living in Wyoming, with only very small towns considered more affordable. Evanston is also the 12th most diverse place to live in Wyoming and is No. 14 on the list of best places to buy a home in the state. A median home value of $169,400 makes homes affordable for the 69% of Evanston residents who own, as it's below the national median value of $217,500. Property taxes in Uinta County (which includes Evanston) are also relatively affordable -- they average 0.49% of a property's assessed value, according to Tax-rates.org.
Rock Springs has a population of just over 23,000, and it ranks tenth on Niche's list of best places to buy a home in Wyoming. Interesting things to see include Bunning Park and the Rock Springs Historical Museum. The median home value here is higher than Evanston's at $211,800, but 74% of Rock Springs residents own their homes. Property taxes in Sweetwater County are a bit higher than in Evanston, though, at an average rate of 0.56% of assessed fair market value. Residents who enjoy Rock Springs' local attractions may not mind paying these higher taxes, though.
Green River is a smaller town than Rock Springs, with a population of just over 12,000. However, it's also a great place to become a homeowner. It comes in sixth out of 30 on Niche's list of the best places to buy in Wyoming. Green River is also the seventh most diverse place in the state, and the 11th best place to raise a family. Median home prices here are just about on par with the national average at $213,800. And 77% of Green River residents are owners. Like Rock Springs, Green River is in Sweetwater County, where property taxes come in at an average rate of 0.56%.
Gillete is the 17th best place in Wyoming to purchase a home, according to Niche, but it's the 12th best place for young professionals and the 16th most diverse location in the state. Around 70% of the 32,857 residents of this midsized town live in homes they own. The median value of those homes is $216,400. Gillette is located in Campbell County, where property taxes are lower than in the top four locales on this list. The average rate is just 0.47% of a property's assessed fair market value.
Casper is a much larger Wyoming town than the others listed here, with a population of 58,446. About 64% of residents are homeowners, and the median value of Casper homes is $207,400. Casper is known for its its good public schools, and it's also considered one of the best places for young professionals in Wyoming. Residents may enjoy visiting the Hogadon Basin Ski Area as well as the Nicolaysen Art Museum. Natrona County, home to Casper, also charges taxes at a rate just below Rock Springs. It’s 0.55% of assessed fair market value on average.
Comparing cost of living is important, as is comparing mortgages. That way you can find the best mortgage rates in Wyoming. With a little research, you can ensure your home purchase is an affordable one you won't regret.
If you want to uncover more about the best mortgage lenders for low rates and fees, our experts have created a shortlist of the top mortgage companies. Some of our experts have even used these lenders themselves to cut their costs.
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