Market Overview
Home Prices in Carpenter, WY
The median home value in Carpenter, WY is $531,085 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 7.1% compared to a year ago and up 4.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Carpenter are priced30% above average. Carpenter is part of the Cheyenne, WY metro area.
Over the past five years, Carpenter home values have risen by approximately26.5%, reflecting strong long-term appreciation in this market.
Price History
Carpenter Home Price Trend
City Comparison
Carpenter vs. National Median
At $531,085, homes in Carpenter cost 30% above the national median of $410,000. Buyers in Carpenter should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Carpenter?
20% Down Payment
$106,217
on $531,085
Monthly P&I
$2,770/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,518/mo
incl. taxes & insurance
Income Needed
$140,720
gross annual (30% rule)
10% Down Option
$53,109
+ PMI applies
Loan Amount (20% dn)
$424,868
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Carpenter, WY?
The median home value in Carpenter is $531,085 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 7.1% year-over-year.
How much have home prices changed in Carpenter?
Over the past year, home values in Carpenter have increased by 7.1%. Over five years, prices have risen approximately 26.5%.
How much do I need to earn to buy a home in Carpenter?
To comfortably afford the median home price of $531,085 with a 20% down payment ($106,217) at today's rates (6.8%), you'd need a gross annual income of approximately $140,720. This assumes keeping total housing costs at or below 30% of gross income.
How does Carpenter compare to the national average home price?
The national median home value is approximately $410,000. At $531,085, homes in Carpenter are 30% above the national average.
What metro area is Carpenter part of?
Carpenter is part of the Cheyenne, WY metropolitan area. Home prices and market conditions can vary across the broader metro region.