Market Overview
Home Prices in Gillette, WY
The median home value in Gillette, WY is $337,594 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 5.2% compared to a year ago and up 9.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Gillette are priced18% below average. Gillette is part of the Gillette, WY metro area.
Over the past five years, Gillette home values have risen by approximately17.1%, reflecting steady appreciation in this market.
Price History
Gillette Home Price Trend
City Comparison
Gillette vs. National Median
At $337,594, homes in Gillette cost 18% below the national median of $410,000. This makes Gillette a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Gillette?
20% Down Payment
$67,519
on $337,594
Monthly P&I
$1,761/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,236/mo
incl. taxes & insurance
Income Needed
$89,440
gross annual (30% rule)
10% Down Option
$33,759
+ PMI applies
Loan Amount (20% dn)
$270,075
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 Gillette, WY?
The median home value in Gillette is $337,594 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 5.2% year-over-year.
How much have home prices changed in Gillette?
Over the past year, home values in Gillette have decreased by 5.2%. Over five years, prices have risen approximately 17.1%.
How much do I need to earn to buy a home in Gillette?
To comfortably afford the median home price of $337,594 with a 20% down payment ($67,519) at today's rates (6.8%), you'd need a gross annual income of approximately $89,440. This assumes keeping total housing costs at or below 30% of gross income.
How does Gillette compare to the national average home price?
The national median home value is approximately $410,000. At $337,594, homes in Gillette are 18% below the national average.
What metro area is Gillette part of?
Gillette is part of the Gillette, WY metropolitan area. Home prices and market conditions can vary across the broader metro region.