Mortgage Rates in Gillette, Wyoming — March 2026
Updated March 2026 | Based on Gillette market data and regional lending conditions
Gillette is a growing city in Wyoming with a population of 33,403. The current 30-year fixed mortgage rate in Gillette is 6.7%, which is 0.05% above the national average. With a median home price of $285,000 and a 20% down payment of $57,000, homebuyers can expect a monthly principal and interest payment of approximately $1,471.
Current Mortgage Rates in Gillette, WY
Below are the current average mortgage rates available in the Gillette 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% |
Gillette Housing Market Overview
The Gillette housing market offers relatively affordable housing compared to many major cities. The median household income in Gillette is $72,250, and the cost of living index is 92.5 (national average = 100). Based on the 28% affordability rule, the median income in Gillette is sufficient to afford the median-priced home.
Monthly Payment Breakdown for Gillette
Based on the median home price of $285,000 with 20% down ($57,000), here is what you can expect to pay monthly in Gillette:
15-Year vs. 30-Year Mortgage in Gillette
Choosing a 15-year mortgage in Gillette at 5.94% instead of a 30-year at 6.7% would save you $184,500 in total interest over the life of the loan. However, your monthly payment would be $1,917 instead of $1,471 — an increase of $446 per month.
Calculate Your Gillette Mortgage Payment
Use our free calculator to get a personalized estimate based on your loan amount, interest rate, and term.
Open Free CalculatorFrequently Asked Questions About Mortgages in Gillette
What are the current mortgage rates in Gillette, WY?
As of March 2026, the average 30-year fixed mortgage rate in Gillette, 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 Gillette?
Based on the median home price of $285,000 with 20% down, the estimated monthly mortgage payment in Gillette is $1,471 for principal and interest. Including property taxes of $145/month, the total monthly housing cost is approximately $1,616.
What income do I need to buy a home in Gillette?
Using the 28% rule, you would need an annual income of approximately $69,257 to afford the median-priced home in Gillette at $285,000. The median household income in Gillette is $72,250. The median income is currently sufficient to meet this threshold.
Is Gillette a good place to buy a home in 2026?
Gillette offers a below-average cost of living with a cost of living index of 92.5 (national average = 100). The property tax rate in Wyoming is 0.61%, which is below the national average. Gillette has a population of 33,403 and offers a very affordable lifestyle.
Mortgage Rates in Other Wyoming Cities
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Last updated: March 2026. Rates are approximate averages based on regional lending data for the Gillette, Wyoming area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.