Mortgage Rates in Wyoming, Michigan — March 2026
Updated March 2026 | Based on Wyoming market data and regional lending conditions
Wyoming is a growing city in Michigan with a population of 76,234. The current 30-year fixed mortgage rate in Wyoming is 6.65%, which is at the national average. With a median home price of $217,000 and a 20% down payment of $43,400, homebuyers can expect a monthly principal and interest payment of approximately $1,114.
Current Mortgage Rates in Wyoming, MI
Below are the current average mortgage rates available in the Wyoming 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 | 6.65% | 6.65% | 0% |
| 15-Year Fixed | 5.91% | 5.89% | +0.02% |
| 5/1 ARM | 6.19% | 6.15% | +0.04% |
| FHA | 6.45% | 6.25% | +0.2% |
| VA | 6.2% | 6.05% | +0.15% |
| Jumbo | 6.9% | 6.85% | +0.05% |
Wyoming Housing Market Overview
The Wyoming housing market offers relatively affordable housing compared to many major cities. The median household income in Wyoming is $54,000, and the cost of living index is 87.4 (national average = 100). Based on the 28% affordability rule, you would need an income of approximately $60,000 to comfortably afford the median-priced home in Wyoming, which exceeds the current median household income.
Monthly Payment Breakdown for Wyoming
Based on the median home price of $217,000 with 20% down ($43,400), here is what you can expect to pay monthly in Wyoming:
15-Year vs. 30-Year Mortgage in Wyoming
Choosing a 15-year mortgage in Wyoming at 5.91% instead of a 30-year at 6.65% would save you $138,780 in total interest over the life of the loan. However, your monthly payment would be $1,457 instead of $1,114 — an increase of $343 per month.
Calculate Your Wyoming 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 Wyoming
What are the current mortgage rates in Wyoming, MI?
As of March 2026, the average 30-year fixed mortgage rate in Wyoming, Michigan is 6.65%, while the 15-year fixed rate is 5.91%. FHA loans average 6.45% and VA loans 6.2%. These rates are at the national average of 6.65%.
How much is a monthly mortgage payment in Wyoming?
Based on the median home price of $217,000 with 20% down, the estimated monthly mortgage payment in Wyoming is $1,114 for principal and interest. Including property taxes of $286/month, the total monthly housing cost is approximately $1,400.
What income do I need to buy a home in Wyoming?
Using the 28% rule, you would need an annual income of approximately $60,000 to afford the median-priced home in Wyoming at $217,000. The median household income in Wyoming is $54,000. This means most households would need to either earn above the median or consider homes below $217,000.
Is Wyoming a good place to buy a home in 2026?
Wyoming offers a below-average cost of living with a cost of living index of 87.4 (national average = 100). The property tax rate in Michigan is 1.58%, which is above the national average. Wyoming has a population of 76,234 and offers a very affordable lifestyle.
Mortgage Rates in Other Michigan Cities
Related Tools & Guides
Last updated: March 2026. Rates are approximate averages based on regional lending data for the Wyoming, Michigan area. Individual rates may vary by lender, credit score, loan amount, and other factors. Use our free calculator for a personalized estimate.