Market Overview
Home Prices in Medicine Bow, WY
The median home value in Medicine Bow, WY is $200,352 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 7.3% compared to a year ago and up 6.2% from two years prior.
Compared to the U.S. national median of $410,000, homes in Medicine Bow are priced51% below average. Medicine Bow is part of the Laramie, WY metro area.
Over the past five years, Medicine Bow home values have risen by approximately7.8%, reflecting steady appreciation in this market.
Price History
Medicine Bow Home Price Trend
City Comparison
Medicine Bow vs. National Median
At $200,352, homes in Medicine Bow cost 51% below the national median of $410,000. This makes Medicine Bow a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Medicine Bow?
20% Down Payment
$40,070
on $200,352
Monthly P&I
$1,045/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,327/mo
incl. taxes & insurance
Income Needed
$53,080
gross annual (30% rule)
10% Down Option
$20,035
+ PMI applies
Loan Amount (20% dn)
$160,282
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 Medicine Bow, WY?
The median home value in Medicine Bow is $200,352 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 7.3% year-over-year.
How much have home prices changed in Medicine Bow?
Over the past year, home values in Medicine Bow have decreased by 7.3%. Over five years, prices have risen approximately 7.8%.
How much do I need to earn to buy a home in Medicine Bow?
To comfortably afford the median home price of $200,352 with a 20% down payment ($40,070) at today's rates (6.8%), you'd need a gross annual income of approximately $53,080. This assumes keeping total housing costs at or below 30% of gross income.
How does Medicine Bow compare to the national average home price?
The national median home value is approximately $410,000. At $200,352, homes in Medicine Bow are 51% below the national average.
What metro area is Medicine Bow part of?
Medicine Bow is part of the Laramie, WY metropolitan area. Home prices and market conditions can vary across the broader metro region.