Housing decision brief
Platte County, WY Housing Market
Platte County screens as a below-state purchase price, below-state rent, 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.
9th lowest home value out of 23 Wyoming counties with data | 3rd lowest rent out of 23
Median home value
$248,900
Purchase-price signal from Census ACS.
Median rent
$745/mo
Gross rent, including utilities where reported.
Monthly owner cost
$834/mo
Owner costs before individual loan terms.
Decision snapshot
Read this county in four signals.
Buy screen
3.8x
Median home value divided by local household income.
Rent burden
21.0%
Below 30% usually screens as less pressured.
Rent vs own
$89/mo
Median rent screens below owner cost.
Data confidence
1 note
Crime coverage is partial, so safety comparisons need source context.
What Works
Lower purchase price
$248,900 median home value is 4% below Wyoming county median
Lower rent
$745/mo is 18% below Wyoming county median
Rent burden below pressure line
21.00% of renter income goes to rent, below the 30% burden threshold.
What to Check
Lower income base
$66,299 median income is 6% below Wyoming county median
Tax rate needs attention
0.59% effective property-tax rate is 4% above 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
- Renters trying to keep rent below the burden threshold
- 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 Platte 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. | $248,900 | $260,400 | $281,900 | Near state median4% below Wyoming county median |
Median gross rent Lower usually helps affordability. | $745 | $913 | $1,163 | 18% favorable18% below Wyoming county median |
Monthly owner cost Lower usually helps affordability. | $834 | $938 | $1,672 | 11% favorable11% below Wyoming county median |
Median household income | $66,299 | $70,855 | $74,755 | 6% pressure6% below Wyoming county median |
Effective property-tax rate Lower usually helps affordability. | 0.59% | 0.57% | 1.02% | Near state median4% above Wyoming county median |
Rent burden Lower usually helps affordability. | 21.00% | 25.00% | N/A | 16% favorable21.00% 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
+$36,499
Median income minus rent threshold.
Owner cushion
+$30,556
Median income minus owner-cost threshold.
Affordability Advisory
This turns the raw housing numbers into income and buy-versus-rent screens.
Affordability verdict
Platte County offers affordable rental housing at a median of $745/month , about 13.5% of the typical household income here.
Rent vs own
At $745/month rent versus $834/month in owner costs, renting is roughly $89/month cheaper , a 11% difference.
Income needed
To afford the median rent without exceeding 30% of gross income, a household needs to earn approximately $29,800/year. For owner costs at the 28% rule, the required income is roughly $35,743/year. With a median household income of $66,299, most households can comfortably afford rent here. Notably, 21.0% of renter households in Platte County are cost-burdened, spending more than 30% of income on housing.
Regional context
Within Wyoming, Platte County is more affordable than Weston County by roughly 7% ($745/mo vs $694/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 |
|---|---|---|---|
| Goshen County, WY | $234,600 | $759/mo | Same-state comparison near $234,600 home value and $759/mo rent. |
| Fremont County, WY | $252,700 | $858/mo | Same-state comparison near $252,700 home value and $858/mo rent. |
| Carbon County, WY | $214,500 | $894/mo | Same-state comparison near $214,500 home value and $894/mo rent. |
| Crook County, WY | $276,800 | $881/mo | Same-state comparison near $276,800 home value and $881/mo rent. |
| Washakie County, WY | $188,600 | $725/mo | Same-state comparison near $188,600 home value and $725/mo rent. |
Data Confidence
- Crime coverage is partial, so safety comparisons need source context.
Next Checks
Housing Questions for Platte County
Is Platte County affordable for buying a home?
Is renting or owning cheaper in Platte County?
How much income do you need for housing in Platte County?
What should I double-check before moving to Platte County?
Data: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2019-2023) — Informational only. Not financial or legal advice.