Mortgage Rates in Casper, Wyoming — March 2026
Updated March 2026 | Based on Casper market data and regional lending conditions
Casper is a growing city in Wyoming with a population of 58,720. The current 30-year fixed mortgage rate in Casper is 6.7%, which is 0.05% above the national average. With a median home price of $265,000 and a 20% down payment of $53,000, homebuyers can expect a monthly principal and interest payment of approximately $1,368.
Current Mortgage Rates in Casper, WY
Below are the current average mortgage rates available in the Casper area as of March 2026. Rates vary by lender, credit score, and loan-to-value ratio. Use our free calculator above to see your personalized estimate.
| Loan Type | Rate | National Avg | Difference |
|---|---|---|---|
| 30-Year Fixed | 6.7% | 6.65% | +0.05% |
| 15-Year Fixed | 5.94% | 5.89% | +0.05% |
| 5/1 ARM | 6.2% | 6.15% | +0.05% |
| FHA | 6.3% | 6.25% | +0.05% |
| VA | 6.1% | 6.05% | +0.05% |
| Jumbo | 6.9% | 6.85% | +0.05% |
Casper Housing Market Overview
The Casper housing market offers relatively affordable housing compared to many major cities. The median household income in Casper is $58,250, and the cost of living index is 89.5 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $64,414 to comfortably afford the median-priced home in Casper, which exceeds the current median household income.
Monthly Payment Breakdown for Casper
Based on the median home price of $265,000 with 20% down ($53,000), here is what you can expect to pay monthly in Casper:
15-Year vs. 30-Year Mortgage in Casper
Choosing a 15-year mortgage in Casper at 5.94% instead of a 30-year at 6.7% would save you $171,720 in total interest over the life of the loan. However, your monthly payment would be $1,782 instead of $1,368 — an increase of $414 per month.
Calculate Your Casper Mortgage Payment
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Open Free CalculatorFrequently Asked Questions About Mortgages in Casper
What are the current mortgage rates in Casper, WY?
As of March 2026, the average 30-year fixed mortgage rate in Casper, Wyoming is 6.7%, while the 15-year fixed rate is 5.94%. FHA loans average 6.3% and VA loans 6.1%. These rates are 0.05% above the national average of 6.65%.
How much is a monthly mortgage payment in Casper?
Based on the median home price of $265,000 with 20% down, the estimated monthly mortgage payment in Casper is $1,368 for principal and interest. Including property taxes of $135/month, the total monthly housing cost is approximately $1,503.
What income do I need to buy a home in Casper?
Using the 28% rule, you would need an annual income of approximately $64,414 to afford the median-priced home in Casper at $265,000. The median household income in Casper is $58,250. This means most households would need to either earn above the median or consider homes below $265,000.
Is Casper a good place to buy a home in 2026?
Casper offers a below-average cost of living with a cost of living index of 89.5 (national average = 100). The property tax rate in Wyoming is 0.61%, which is below the national average. Casper has a population of 58,720 and offers a very affordable lifestyle.
Mortgage Rates in Other Wyoming Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Casper, Wyoming area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.