Cheyenne, WY housing market
Typical home value
$389K
▲ 3.4% 1 yr
Typical rent
$1,529/mo
▲ 6.5% 1 yr
Gross rent yield
4.7%
U.S. 6.3%
5-year home value change
+16%
U.S. +20%
Key takeaways
- 1The typical home in Cheyenne is worth $388,958, up 3.4% over the past year and up 16% over five years.
- 2Typical rent is $1,529 a month (+6.5% YoY), a gross rent yield of 4.7% (above the Cheyenne, WY metro's 4.7%).
- 3With 20% down at 7.32%, principal and interest on the typical home is about $2,137/mo, $608 more than typical rent.
- 4Zillow forecasts the Cheyenne, WY metro's home values to change +2.6% over the next 12 months.
Market temperature (Cheyenne, WY metro)
Buyer's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 39/100, #305 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Cheyenne compares
| Measure | Cheyenne | Cheyenne, WY metro | United States |
|---|---|---|---|
| Typical home value | $388,958 | $390,070 | $366,157 |
| Home value, 1-yr change | +3.4% | +3.4% | +1.2% |
| Typical rent | $1,529 | $1,529 | $1,932 |
| Rent, 1-yr change | +6.5% | +6.5% | +2.7% |
| Gross rent yield | 4.7% | 4.7% | 6.3% |
| Price-to-rent ratio | 21.2 | 21.3 | 15.8 |
| Mortgage P&I, typical home | $2,137 | $2,144 | $2,012 |
Run the numbers
Rental property calculator
Cash flow on a typical Cheyenne rental, pre-filled.
Rent vs buy in Cheyenne
Which costs less over the years you'll stay.
Mortgage calculator
Monthly payment on a $389K home.
City figures are Zillow's typical home value (ZHVI) and observed rent (ZORI). Gross yield is before expenses. Data refreshed Oct 26, 2026.