Cheyenne housing market
Typical home value
$390K
▲ 3.4% 1 yr
Typical rent
$1,529/mo
▲ 6.5% 1 yr
12-month forecast
+2.6%
#192 of 546 metros
Gross rent yield
4.7%
#444 of 546 · U.S. 6.3%
Days to pending
36 days
▼ −5 days 1 yr
Listings with a price cut
27%
▲ +0.2 pts 1 yr
Key takeaways
- 1The typical home is worth $390,070, up 3.4% in a year and up 16% over five years.
- 2Zillow forecasts home values rising 2.6% over the next 12 months (U.S.: +1.1%).
- 3Typical rent is $1,529/mo (+6.5% YoY), a 4.7% gross yield, below the U.S. 6.3%.
- 4At 7.32% with 20% down, the typical home costs $2,144/mo in principal and interest, $615 more than renting.
- 5Homes go under contract in 36 days (−5 days vs last year); 27% of listings have had a price cut.
Market temperature
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
How fast homes are selling
For saleNew listings
Affordability
To buy (20% down)To rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Cheyenne compares
| Measure | Cheyenne | United States | Rank of 546 |
|---|---|---|---|
| Home value, 1-yr change | +3.4% | +1.2% | #167 |
| Home value, 5-yr change | +15.9% | +19.7% | |
| 12-month forecast | +2.6% | +1.1% | #192 |
| Rent, 1-yr change | +6.5% | +2.7% | #66 |
| Gross rent yield | 4.7% | 6.3% | #444 |
| Price-to-rent ratio | 21.3 | 15.8 | |
| Mortgage P&I on typical home | $2,144 | $2,012 | |
| Income needed to buy | $102,980 | $100,902 | |
| Days to pending | 36 | 56 |
Cities in the Cheyenne metro
1 cities with home value and rent data.
| Cheyenne | $389K | ▲ 3.4% | $1,529 | ▲ 6.5% | 4.7% |
Run the numbers
Rental property calculator
Cash flow on a typical Cheyenne rental ($390K, $1,529/mo), pre-filled.
Mortgage calculator
Monthly payment on a typical Cheyenne home.
Rent vs buy
Is it cheaper to rent or buy in Cheyenne?
Other Wyoming metros
Casper, WY
$312K home$1,429 rent5.5% yield
▲ 2.2% 1 yr
Gillette, WY
$339K home$1,273 rent4.5% yield
▼ 2.2% 1 yr
Rock Springs, WY
$289K home$1,107 rent4.6% yield
▼ 1.4% 1 yr
Riverton, WY
$328K home$1,176 rent4.3% yield
▲ 0.6% 1 yr
Laramie, WY
$383K home$1,125 rent3.5% yield
▲ 0.2% 1 yr
Jackson, WY
$1.44M home$3,458 rent2.9% yield
▲ 4.7% 1 yr
Gross yield = 12 × typical rent ÷ typical home value, before expenses. Mortgage estimate: 20% down, 30-year fixed at the current Freddie Mac average, principal and interest only. Forecast: Zillow Home Value Forecast. Data refreshed Oct 26, 2026.