Housing decision brief
Converse County, WY Housing Market
Converse County screens as a higher purchase price, rent that needs comparison, a higher 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.
14th lowest home value out of 23 Wyoming counties with data | 13th lowest rent out of 23
Median home value
$269,700
Purchase-price signal from Census ACS.
Median rent
$930/mo
Gross rent, including utilities where reported.
Monthly owner cost
$876/mo
Owner costs before individual loan terms.
Decision snapshot
Read this county in four signals.
Buy screen
3.4x
Median home value divided by local household income.
Rent burden
27.0%
Below 30% usually screens as less pressured.
Rent vs own
$54/mo
Median owner cost screens below median rent.
Data confidence
2 notes
Crime coverage is partial, so safety comparisons need source context.
What Works
Rent burden below pressure line
27.00% of renter income goes to rent, below the 30% burden threshold.
Owning screens cheaper than renting
Median owner costs are $54/mo below median rent before individual mortgage terms.
What to Check
Tax rate needs attention
0.58% effective property-tax rate is 2% above Wyoming county median
Water quality cross-check
Water quality grade is D. 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
Poor Fit For
- 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 Converse 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. | $269,700 | $260,400 | $281,900 | Near state median4% above Wyoming county median |
Median gross rent Lower usually helps affordability. | $930 | $913 | $1,163 | Near state median2% above Wyoming county median |
Monthly owner cost Lower usually helps affordability. | $876 | $938 | $1,672 | 7% favorable7% below Wyoming county median |
Median household income | $79,164 | $70,855 | $74,755 | 12% favorable12% above Wyoming county median |
Effective property-tax rate Lower usually helps affordability. | 0.58% | 0.57% | 1.02% | Near state median2% above Wyoming county median |
Rent burden Lower usually helps affordability. | 27.00% | 25.00% | N/A | 8% pressure27.00% 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
+$41,964
Median income minus rent threshold.
Owner cushion
+$41,621
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 Converse County, the market is affordable. Expect to pay around $930/month in gross rent, with 27.0% of renter households considered cost-burdened.
Rent vs own
Renters in Converse County pay $930/month on average, compared to $876/month for homeowners. This market favors buyers by about 6%.
Income needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $37,200/year. For owner costs at the 28% rule, the required income is roughly $37,543/year. With a median household income of $79,164, most households can comfortably afford rent here. Notably, 27.0% of renter households in Converse County are cost-burdened, spending more than 30% of income on housing.
Regional context
Within Wyoming, Converse County is more affordable than Big Horn County by roughly 6% ($930/mo vs $876/mo).
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 |
|---|---|---|---|
| Uinta County, WY | $255,400 | $882/mo | Same-state comparison near $255,400 home value and $882/mo rent. |
| Sweetwater County, WY | $242,900 | $913/mo | Same-state comparison near $242,900 home value and $913/mo rent. |
| Natrona County, WY | $260,400 | $973/mo | Same-state comparison near $260,400 home value and $973/mo rent. |
| Crook County, WY | $276,800 | $881/mo | Same-state comparison near $276,800 home value and $881/mo rent. |
| Campbell County, WY | $266,400 | $952/mo | Same-state comparison near $266,400 home value and $952/mo rent. |
Data Confidence
- Crime coverage is partial, so safety comparisons need source context.
- Water-quality monitoring is based on 1 active site in recent WQP data.
Next Checks
Housing Questions for Converse County
Is Converse County affordable for buying a home?
Is renting or owning cheaper in Converse County?
How much income do you need for housing in Converse County?
What should I double-check before moving to Converse County?
Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.