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Medicine Bow

Learn about the people, housing, costs and businesses in Medicine Bow, Wyoming

Median Home$121,400
Median Rent$1,254/month
Population266
Leading IndustriesArts, Food & Hospitality · Healthcare · Professional Services13% arts, food & hospitality
Home Value Growth+3.1% over 2 years
Young Adults28% of residentsnear the national average
Homeowners72% of occupied units
NotableHighly Educated30% bachelor's · 18% graduate · top 9% nationally
Medicine Bow
WY

Frequently Asked Questions

What are today's mortgage rates in Medicine Bow?

As of today, the 30-year fixed mortgage rate for Medicine Bow is approximately 6.840% (6.874% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Medicine Bow?

The median home value in Medicine Bow is $121k. The median monthly rent is $1,254. Annual property taxes average $739. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Medicine Bow?

Home values in Medicine Bow have increased 3.1% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Medicine Bow?

Based on a typical all-in ownership cost of $648/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $28k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Medicine Bow is $63k/year.

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What industries drive the economy in Medicine Bow?

The largest employment sectors in Medicine Bow are public administration (28%) and healthcare (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.