Mortgage Rates in Powell, Wyoming — March 2026
Updated March 2026 | Based on Powell market data and regional lending conditions
Powell is a growing city in Wyoming with a population of 6,314. The current 30-year fixed mortgage rate in Powell is 6.6%, which is 0.05% below the national average. With a median home price of $195,000 and a 20% down payment of $39,000, homebuyers can expect a monthly principal and interest payment of approximately $996.
Current Mortgage Rates in Powell, WY
Below are the current average mortgage rates available in the Powell 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 | 6.6% | 6.65% | -0.05% |
| 15-Year Fixed | 5.84% | 5.89% | -0.05% |
| 5/1 ARM | 6.1% | 6.15% | -0.05% |
| FHA | 6.2% | 6.25% | -0.05% |
| VA | 6% | 6.05% | -0.05% |
| Jumbo | 6.8% | 6.85% | -0.05% |
Powell Housing Market Overview
The Powell housing market offers relatively affordable housing compared to many major cities. The median household income in Powell is $38,000, and the cost of living index is 82 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $46,714 to comfortably afford the median-priced home in Powell, which exceeds the current median household income.
Monthly Payment Breakdown for Powell
Based on the median home price of $195,000 with 20% down ($39,000), here is what you can expect to pay monthly in Powell:
15-Year vs. 30-Year Mortgage in Powell
Choosing a 15-year mortgage in Powell at 5.84% instead of a 30-year at 6.6% would save you $124,020 in total interest over the life of the loan. However, your monthly payment would be $1,303 instead of $996 — an increase of $307 per month.
Calculate Your Powell 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 Powell
What are the current mortgage rates in Powell, WY?
As of March 2026, the average 30-year fixed mortgage rate in Powell, Wyoming is 6.6%, while the 15-year fixed rate is 5.84%. FHA loans average 6.2% and VA loans 6%. These rates are 0.05% below the national average of 6.65%.
How much is a monthly mortgage payment in Powell?
Based on the median home price of $195,000 with 20% down, the estimated monthly mortgage payment in Powell is $996 for principal and interest. Including property taxes of $94/month, the total monthly housing cost is approximately $1,090.
What income do I need to buy a home in Powell?
Using the 28% rule, you would need an annual income of approximately $46,714 to afford the median-priced home in Powell at $195,000. The median household income in Powell is $38,000. This means most households would need to either earn above the median or consider homes below $195,000.
Is Powell a good place to buy a home in 2026?
Powell offers a below-average cost of living with a cost of living index of 82 (national average = 100). The property tax rate in Wyoming is 0.58%, which is below the national average. Powell has a population of 6,314 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 Powell, Wyoming area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.