Housing decision brief
Big Horn County, WY Housing Market
Big Horn County screens as a below-state purchase price, below-state rent, a manageable tax-rate signal market. Use the page as a decision brief, not just a price lookup, because local income, taxes, and data confidence change how affordable the county really is.
2nd lowest home value out of 23 Wyoming counties with data | 6th lowest rent out of 23
Median home value
$216,500
Purchase-price signal from Census ACS.
Median rent
$823/mo
Gross rent, including utilities where reported.
Monthly owner cost
$767/mo
Owner costs before individual loan terms.
Decision snapshot
Read this county in four signals.
Buy screen
3.5x
Median home value divided by local household income.
Rent burden
25.1%
Below 30% usually screens as less pressured.
Rent vs own
$56/mo
Median owner cost screens below median rent.
Data confidence
1 note
Crime coverage is partial, so safety comparisons need source context.
What Works
Lower purchase price
$216,500 median home value is 24% below Wyoming county median
Lower rent
$823/mo is 9% below Wyoming county median
Rent burden below pressure line
25.10% of renter income goes to rent, below the 30% burden threshold.
Owning screens cheaper than renting
Median owner costs are $56/mo below median rent before individual mortgage terms.
What to Check
Lower income base
$62,101 median income is 14% below Wyoming county median
Water quality cross-check
Water quality grade is F. Review water data before treating housing cost as the full story.
Crime data coverage
Crime data coverage is partial. Treat zero or low crime rates as incomplete until you check the source coverage.
Best Fit For
- Households weighing ownership against renting
- Remote earners or cash buyers looking below the state price line
Poor Fit For
- Households dependent on a deep local wage market
- Buyers who will not investigate local water systems before moving
- Anyone treating reported crime rates as complete without source context
County vs State vs National
The county number only matters after you see the benchmark. These comparisons show where Big Horn County is genuinely cheap, where it is average, and where the hidden cost may be.
| Metric | County | State | U.S. | Signal |
|---|---|---|---|---|
Median home value Lower usually helps affordability. | $216,500 | $285,800 | $281,900 | 24% favorable24% below Wyoming county median |
Median gross rent Lower usually helps affordability. | $823 | $900 | $1,163 | 9% favorable9% below Wyoming county median |
Monthly owner cost Lower usually helps affordability. | $767 | $958 | $1,672 | 20% favorable20% below Wyoming county median |
Median household income | $62,101 | $72,156 | $74,755 | 14% pressure14% below Wyoming county median |
Effective property-tax rate Lower usually helps affordability. | 0.55% | 0.56% | 1.02% | Near state median2% below Wyoming county median |
Rent burden Lower usually helps affordability. | 25.10% | 25.80% | N/A | Near state median25.10% of renter income goes to rent. |
Income Fit
A low price only helps if local income can carry the monthly cost. This panel compares the county income base with rent and owner-cost thresholds.
Rent cushion
+$29,181
Median income minus rent threshold.
Owner cushion
+$29,230
Median income minus owner-cost threshold.
Affordability Advisory
This turns the raw housing numbers into income and buy-versus-rent screens.
Affordability verdict
For renters in Big Horn County, the market is affordable. Expect to pay around $876/month in gross rent, with 23.0% of renter households considered cost-burdened.
Rent vs own
The median rent in Big Horn County is $876/month, while owner costs run $750/month. Owning saves approximately $126/month.
Income needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $35,040/year. For owner costs at the 28% rule, the required income is roughly $32,143/year. With a median household income of $60,547, most households can comfortably afford rent here. Notably, 23.0% of renter households in Big Horn County are cost-burdened, spending more than 30% of income on housing.
Regional context
Compared to Converse County where rent averages $930/month, Big Horn County is approximately 6% less expensive.
Better Counties to Compare
Similar counties are matched on home value, rent, income, and state context. This is more useful than a simple nearest-price list.
| County | Home Value | Rent | Why compare |
|---|---|---|---|
| Hot Springs County, WY | $227,500 | $887/mo | Same-state comparison near $227,500 home value and $887/mo rent. |
| Carbon County, WY | $222,700 | $842/mo | Same-state comparison near $222,700 home value and $842/mo rent. |
| Goshen County, WY | $239,600 | $778/mo | Same-state comparison near $239,600 home value and $778/mo rent. |
| Washakie County, WY | $206,000 | $720/mo | Same-state comparison near $206,000 home value and $720/mo rent. |
| Fremont County, WY | $268,800 | $898/mo | Same-state comparison near $268,800 home value and $898/mo rent. |
Data Confidence
- Crime coverage is partial, so safety comparisons need source context.
Next Checks
Housing Questions for Big Horn County
Is Big Horn County affordable for buying a home?
Is renting or owning cheaper in Big Horn County?
How much income do you need for housing in Big Horn County?
What should I double-check before moving to Big Horn County?
Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.