Mortgage payment estimates, closing cost breakdowns, and homebuying data for Laramie, Wyoming.
Pre-filled with Laramie median home price and Wyoming tax/insurance rates. Adjust for your property.
Estimated closing costs based on Wyoming rates and fees applied to Laramie prices.
The median home price in Laramie is $295,000, 13% below the Wyoming state median of $340,000. With a population of 32,711, Laramie is a smaller market where home prices tend to be more accessible than in many parts of Wyoming.
Property taxes in Wyoming average 0.61% annually. This low property tax rate is a significant advantage for Laramie buyers, keeping your monthly costs well below what you'd pay in higher-tax states. Homeowners insurance in Wyoming runs approximately $1,800 per year. This is within the normal range nationally.
Average rent in Laramie is $1,120/month. With a price-to-rent ratio above 20, renting could be more economical in the short term — use our Rent vs Buy calculator to model your specific timeline.
Laramie presents moderate affordability. The $295K median puts homeownership within reach for median-income households, though down payment savings and closing costs require planning.