In Laramie, a typical home is worth $319,500 and typical rent is $925 a month. Compared with all of Albany County, typical household income is 10% lower and the share of households that own their home is 6 points lower.
Typical home value from Zillow, September 2021 to September 2026: from $304,041 to $385,915.
Typical rent
$1,125a month
▲ 2.4% more than 12 months ago
Typical rent from Zillow, December 2021 to September 2026: from $850 to $1,125.
From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).
Laramie is in Albany County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Albany County. See the county
What this place has that others do not, from public data, most unusual first.
1
Nearby, in Torrington, the typical home value is $197,500: 38% less than in Laramie ($319,500).
2
Nearby, in Rawlins, the typical rent is $741: 20% less than in Laramie ($925).
3
Laramie has the 2nd lowest homeownership rate of the 17 cities in Wyoming with more than 5,000 people (44%).
Sources: U.S. Census Bureau (Average 2020–2024).
The homes here
Housing in Laramie
What homes there are in Laramie, what they cost, how that changed and how people live, from Census figures (2020–2024).
What homes there are
U.S. Census Bureau, ACS 5-year, 2020–2024
Kind of home
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Laramie
Albany County
Wyoming
United States
Kind of home: Laramie and its comparisons
Measure
Laramie
Albany County
Wyoming
United States
Detached house
43%
50%
68%
61%
Attached house
10%
8%
5%
6%
Building of 2 to 4
17%
14%
6%
8%
Apartments (5 or more)
24%
20%
9%
19%
Mobile home
6%
8%
12%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
No kind of home is the majority in Laramie; the largest group, detached houses, adds up to 43%, less than in Albany County (50%).
Year built
Before 19601960–19791980–19992000–20092010 or later
Laramie
Albany County
Wyoming
United States
Year built: Laramie and its comparisons
Measure
Laramie
Albany County
Wyoming
United States
Before 1960
27%
25%
23%
26%
1960–1979
28%
29%
26%
24%
1980–1999
23%
23%
25%
25%
2000–2009
10%
12%
14%
14%
2010 or later
12%
12%
12%
11%
In Laramie, half of the homes were built before 1977; in Albany County, before 1978.
In Laramie, 56% of homes have 3 bedrooms or more, about the same as in Albany County.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Under the limitOver the limitUnreliable estimate
Under $100K11%
$100K–$200K5%
$200K–$300K30%
$300K–$500K40%
$500K–$750K13%
FHA limit: $541,287
$750K–$1MUnreliable
$1M or moreUnreliable
Value of owner-occupied homes: Laramie and its comparisons
Measure
Laramie
Under $100K
11%
$100K–$200K
5%
$200K–$300K
30%
$300K–$500K
40%
$500K–$750K
13%
$750K–$1M
Unreliable estimate
$1M or more
Unreliable estimate
About 87% of owner-occupied homes in Laramie are worth less than the FHA loan limit for Albany County ($541,287).
Monthly rent with utilities
Under the limitOver the limitUnreliable estimate
Under $5006%
$500–$99954%
HUD fair market rent, 2 bedrooms: $999
$1,000–$1,49924%
$1,500–$1,99912%
$2,000–$2,499Unreliable
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Laramie and its comparisons
Measure
Laramie
Under $500
6%
$500–$999
54%
$1,000–$1,499
24%
$1,500–$1,999
12%
$2,000–$2,499
Unreliable estimate
$2,500–$2,999
Unreliable estimate
$3,000 or more
Unreliable estimate
HUD's 2-bedroom fair market rent (FMR) for Albany County is $999: about 60% of rents in Laramie are below it.
With a mortgage
$1,708 a month
Albany County: $1,749 a month
Without a mortgage
$570 a month
Albany County: $596 a month
Owners with a mortgage
61%
Albany County: 58%
Owning costs about the same in Laramie as in Albany County: with a mortgage, $1,708 a month; without one, $570.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Laramie+48%
Albany County+42%
Wyoming+41%
United States+53%
Typical rent
Laramie+16%
Albany County+17%
Wyoming+16%
United States+33%
Typical household income
Laramie+21%
Albany County+26%
Wyoming+19%
United States+29%
Change since 2015–2019: Laramie and its comparisons
Measure
Laramie
Albany County
Wyoming
United States
Typical home value
+48%
+42%
+41%
+53%
Typical rent
+16%
+17%
+16%
+33%
Typical household income
+21%
+26%
+19%
+29%
Since 2015–2019, homes in Laramie gained value faster than in Albany County: 48% against 42%.
Much as in Albany County, the typical rent in Laramie rose 16% since 2015–2019.
The typical household income in Laramie rose 21% over that time; home values changed +48% and rent +16%.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Laramie and its comparisons
Measure
Laramie
Albany County
Wyoming
United States
Rental vacancy
Unreliable estimate
Unreliable estimate
6.0%
5.5%
Homeowner vacancy
Unreliable estimate
Unreliable estimate
0.9%
0.9%
More than one person per room
Unreliable estimate
Unreliable estimate
1.9%
3.4%
People per household
2.04
2.08
2.34
2.53
Drive alone
64%
65%
75%
69%
Carpool
8%
8%
9%
9%
Public transit
2%
2%
1%
3%
Walk or bike
13%
12%
4%
3%
Work from home
11%
11%
9%
15%
Other means
Unreliable estimate
1%
1%
2%
Typical commute
10 to 19 minutes
10 to 19 minutes
10 to 19 minutes
20 to 29 minutes
Much as in Albany County, a household in Laramie has 2.04 people on average.
In Laramie, 64% of workers drive alone to work; in Albany County, 65%.
Do the math
What would you pay each month for a home in Laramie?
A typical home costs more than the typical income allows
We start with a typical home in Laramie, worth $319,500, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 55% of the typical household income in Laramie, which is $55,613 a year. For that payment to be 28% of income, a household would need to earn about $109,460 a year.
The calculator's FHA and conventional loan limits are those of all of Albany County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Laramie. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $11,183 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$2,554
at 7.18% · 30 years
Loan amount
$313,713
Total interest
$451,359
Paid off in
November 2056
Includes $5,396 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $1,298 a month
Tight
$1,298 to $1,668 a month
Hard
more than $1,668 a month
Your payment · 55%
Compared with the typical household income in Laramie ($55,613 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$2,125
Property tax
$154
Home insurance
$133
FHA mortgage insurance (MIP)
$141
You need at least $11,183 for the down payment, plus closing costs.
This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.
Total monthly payment $2,554; principal and interest $2,125.
The city and its county
Laramie and Albany County
Laramie is in Albany County, Wyoming. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).
Laramie
Map of Albany County, Wyoming, with Laramie marked. Around it, the neighboring counties.
Laramie
Albany County
Other cities with a page
Laramie's own numbers
Typical home value
$319,500
Typical monthly rent
$925
Typical yearly household income
$55,613
Households that own their home
44%
Effective property tax rate
0.58%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Albany County
FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$999
Price change over 5 years (FHFA)
+46%
Homes in a high flood-risk zone
3%
HUD, FHFA and FEMA don't publish these numbers by city.
Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Albany County.
A typical home in Laramie is worth $319,500: 4% below the county and 3% above Wyoming. With the typical household income in Laramie ($55,613 a year), a typical home costs 5.7 times what the household earns in a year.
Years of income to pay for a typical home
The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.
Laramie5.7 years
Albany5.4 years
Wyoming4.1 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Albany County
According to FHFA’s house price index, home prices in Albany County rose 78% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Albany County.
Yearly change in FHFA’s price index in Albany County, 2016 to 2025
2016: +2.9% +2.9% 2016
2017: +2.0% +2.0% 2017
2018: +5.5% +5.5% 2018
2019: +4.0% +4.0% 2019
2020: +5.9% +5.9% 2020
2021: +8.9% +8.9% 2021
2022: +15.3% +15.3% 2022
2023: +5.9% +5.9% 2023
2024: +6.5% +6.5% 2024
2025: +2.9% +2.9% 2025
Change in FHFA’s price index in Albany County, Wyoming and the United States
Period
County
Wyoming
U.S.
Last year (2025)
+2.9%
+4.1%
+2.9%
5 years (2020–2025)
+46%
+44%
+47%
10 years (2015–2025)
+78%
+68%
+85%
The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data
Laramie next to Albany County, Wyoming and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Laramie$319,500
Albany$333,000
Wyoming$309,700
United States$332,700
Typical monthly rent
Laramie$925
Albany$931
Wyoming$992
United States$1,413
Typical yearly household income
Laramie$55,613
Albany$61,917
Wyoming$76,176
United States$80,734
See the full table
Laramie next to Albany County and Wyoming
Measure
Laramie
Albany County
Wyoming
U.S.
Typical home value
$319,500 ▼4% below the county
$333,000
$309,700
$332,700
Typical monthly rent
$925
$931
$992
$1,413
Typical yearly household income
$55,613 ▼10% below the county
$61,917
$76,176
$80,734
Households that own their home
44% ▼6 points below the county
50%
72%
65%
Typical yearly property tax
$1,864 ▼3% below the county
$1,925
$1,767
$3,119
Effective property tax rate
0.58%
0.58%
0.57%
0.94%
Renters with high rent for their income
51%
51%
43%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Albany County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.
Four ways to pay for a typical home in Laramie
For a typical $319,500 home in Laramie, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Laramie's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$2,554a month
Least cash to close
Down payment
$11,183
Cash to close
$20,768
Rate
7.18%
Mortgage insurance
FHA MIP · $141
Conventional, 5% down$2,495a month
Down payment
$15,975
Cash to close
$25,560
Rate
7.18%
Mortgage insurance
PMI · $152
Conventional, 20% down, no PMI$2,019a month
Down payment
$63,900
Cash to close
$73,485
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$2,314a month
Down payment
$47,925
Cash to close
$57,510
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Laramie
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$2,554
$11,183
$313,713
7.18%
FHA MIP · $141
$20,768
580
Conventional, 5% down
$2,495
$15,975
$303,525
7.18%
PMI · $152
$25,560
620*
Conventional, 20% down, no PMI
$2,019
$63,900
$255,600
7.18%
None
$73,485
620*
ITIN, 15% down (example)
$2,314
$47,925
$271,575
8.18%
None
$57,510
Set by the lender
The option that asks for the least cash to close is FHA, 3.5% down.
Cash to close = down payment plus 3% of the price in closing costs (example).
Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.
Typical rent in Laramie is $925 a month: about the same as the county. In Laramie, 51% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Albany County, by unit size. To pay the 2-bedroom one ($999 a month) without spending more than 30% of your income, you would need to earn $19.21 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Albany County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$730
$14.04
$29,200
1 bedroom
$806
$15.50
$32,240
2 bedrooms
$999
$19.21
$39,960
3 bedrooms
$1,383
$26.60
$55,320
4 bedrooms
$1,670
$32.12
$66,800
Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027
By ZIP code
Fair market rent by ZIP code in Laramie
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Laramie has 2 ZIP codes with their own.
For 2 bedrooms it runs from $1,000 in 82072 to $1,020 in 82070.
2 of the 2 are above the fair market rent for Albany County ($999).
Fair market rent by ZIP code and size in Laramie, fiscal year 2027.
82070
$750
$820
$1,020
$1,410
$1,700
82072
$730
$810
$1,000
$1,380
$1,670
ZIP code2 bd3 bd
82070 $1,020$1,410
82072 $1,000$1,380
2 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Laramie when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD)Fiscal year 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.
We found no HUD-approved agencies with an office in Albany County. The nearest ones are below; many serve by phone or online.
No down payment, repair or rent-help program on our list is for Laramie or Albany County. The ones below are statewide in Wyoming: they work in Laramie the same as in the rest of the state.
Wyoming state authority loan of up to $15,000 for the down payment, at 0% with no monthly payments, repaid when you sell, refinance or after 30 years; alongside WCDA's First-time Homebuyer, Spruce Up or Edge mortgages.Offered by Wyoming Community Development Authority (WCDA).
Wyoming state authority loan of up to $15,000 for the down payment, closing costs and prepaid expenses, at a fixed rate with low monthly payments for up to 10 years; only with WCDA's Advantage mortgage, which does not require you to be a first-time buyer.Offered by Wyoming Community Development Authority (WCDA).
Wyoming state authority certificate that turns part of your mortgage interest into a credit on your federal taxes for the life of the loan, as long as you keep qualifying; for first-time buyers, only with WCDA's HFA Preferred or Advantage mortgages; if you pay the federal recapture tax, you may get a refund from WCDA.Offered by Wyoming Community Development Authority (WCDA).
No legal help resource on our list is for Laramie or Albany County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Laramie and all of Albany County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.
How much does a typical home cost in Laramie?
The typical home value in Laramie is $319,500, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Albany County it is $333,000.
How much does it cost to rent in Laramie?
Typical rent in Laramie is $925 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Albany County is $999.
What is the FHA loan limit in Laramie?
Laramie uses the FHA limit for all of Albany County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.
How much property tax do owners pay in Laramie?
The typical homeowner in Laramie pays $1,864 a year, according to the U.S. Census Bureau. That is 0.58% of the home’s value; in Albany County, the rate is 0.58%.
Where can I find free help to buy or rent in Laramie?
We found no HUD-approved counseling agencies with an office in Albany County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.
