Wyoming is the least populated state in the United States, but also one of the most beautiful if getting back to nature is your thing. While the cattle industry dominates the state, you also find bears, moose and a variety of large beasts roaming freely in the state. This is particularly true in the two major national parks located in Wyoming, Yellowstone and Grand Teton. Located in the foothills of Grand Teton lies the valley of Jackson Hole and the town of Jackson. The town has a suedo Wild West feel to it, but is heavily populated with the nuevo rich. Historic facades front trendy boutiques, but the area somehow manages to maintain a local feel.

At first, Laramie appears to be a typical cowboy town, but first appearances are deceiving. Home to the University of Wyoming, Laramie has a definite college feel with the stereotypical college lifestyle. The town is located in a prairie setting. Wyoming real estate prices vary wildly depending on the specific location. Homes in Jackson Hole are going to be pricey with average prices in the $600,000 range. In contrast, the average home price in Laramie is roughly $150,000. For the last 12 months, Wyoming real estate has appreciated at a rate of a little over 11 percent.

Wyoming was admitted to the Union on July 10, 1890 becoming the 44th State. It was named after the Wyoming Valley of Pennsylvania. The Crow, Arapahoe, Sioux, and Shoshone were some of the original inhabitants settled in the area when white explorers first entered the region. It is possible that French trappers had ventured into the northern sections of the state in the late 1700s. John Colter, member of the Lewis and Clark Expedition, is recognized as the first white American to enter the region in 1807. His account of the beauty of the region was considered factious. Even from Its humble beginnings real estate in Wyoming was seen as unique and beautiful.

The Real Estate industry in Wyoming has been slow. I mean it is the lowest populated state in the Country. However that is changing. As the real estate bubble continues to wither many are cashing out and heading to the Great Plains to buy or build their dream home. Prices here are low and the land is premium. There are around 227,941 housing units in the State. Home ownership is an amazing 70% thanks to the low Wyoming mortgage rate. The low rates allow more people to qualify and be able to afford mortgages. The median value of homes in Wyoming is an astounding $96,600. Population growth for the last year was 2.6%. Wyoming real estate is poised to receive a lot of national attention and really begin to boom. One of the important part the State’s push to grow is the low Wyoming mortgage rate. Currently for a 30 year fixed mortgage in Casper you would get a rate of 6.750. That is up a little from 6 months ago when it was an unbelievable 5.6. The increase in the mortgage rate is a complicated process dealing with interest rates, inflation, supply and demand and the value of bonds. Predicting the future of mortgage rates requires analyzing the health of the economy, the outlook for inflation, the flow of investors’ money between stocks, bonds, mortgage-backed securities and other investments. In Wyoming the demand is still low and supply is still very high. Now is the best time to get involved with real estate in Wyoming. Take advantage of the low Wyoming mortgage rate.