Rent vs Buy in Casper, WY
Monthly cost of renting vs owning a median-priced home · 30-yr fixed, 20% down
Renting looks favorable in Casper, WY
Price-to-rent ratio is 24.4 (under 15 favors buying, over 21 favors renting). Renting costs $1,062/mo; owning runs about $2,297/mo — $1,235/mo more to own.
| Monthly cost to own | Amount |
|---|---|
| Mortgage (P&I, 6.80% rate) | $1,623 |
| Property tax | $285 |
| Home insurance | $130 |
| Maintenance | $259 |
| Total to own | $2,297 |
| Average 2BR rent | $1,062 |
Based on a median home value of $311,133 with a $62,227 down payment. Owning also builds equity over time, which a monthly comparison doesn't capture. Estimates use national averages for taxes, insurance and maintenance — your actual costs will vary.