Casper, WY home values, income, and owner costs

Start with the dated local finding: In Casper, WY, the 2024 ACS reports a median owner-occupied home value of $260,400, median household income of $70,218, and median selected monthly owner costs of $1,588 for owners with a mortgage. Together, those three reference points may help a borrower identify which search-price, income, and recurring-cost assumptions need current verification first. They remain separate medians, not the finances of one representative household, and the $1,588 measure combines recurring ownership expenses rather than real estate taxes alone. For borrower planning, a useful affordability review starts with $260,400, $70,218, and $1,588, then replaces them with the borrower's documented income, cash, debts, property taxes, insurance, association charges, loan terms, and intended occupancy.

Casper, WY's $260,400 median home-value estimate is below the statewide $309,700 estimate, with a reported city-to-state gap of 15.9%. That 15.9% gap is useful for showing that a statewide midpoint may be a poor substitute for a local search range in Casper, WY. It does not mean every local property is 15.9% away from a comparable property elsewhere in the state, because the medians reflect different housing mixes and geographies. For borrower planning, a borrower can apply $260,400 and $309,700 to decide which assumptions need local replacement first, then compare actual properties and current financing disclosures on the same basis.