Cheyenne
Wyoming · Ranked #209 of 373 metros
72Affordable
💡
Housing in Cheyenne costs 4.76× the median income, above the national average of 4.5×. The median home price is $357K and median rent is $1,143/month. Cheyenne ranks #209 of 373 metros for affordability.
Median Home Price
🏠$357K
Need $106K income
Median Rent
🔑$1,143
Need $46K income
Building Permits
🔨497
annual
Median Income
💰$75K
Pop: 112,484
Rent Burden
⚠️21.8%
of renters paying >30%
Homeownership
🏡68.0%
Rent Burden
vs. National Average
Key Facts vs. National Average
| Metric | Cheyenne | National |
|---|---|---|
| Price-to-Income Ratio | 4.76x | 6.1x |
| Rent Burden | 21.8% | 31.5% |
| Homeownership Rate | 68.0% | 65.5% |
| YoY Rent Change | 0% | +2.8% |
| Mortgage Denial Rate | 0.0% | 13.5% |
| Eviction Rate | 0.0% | 3.6% |
House Price Index (2000–2025)
FHFA All-Transactions HPI
Since 2019: +48.4%Since 2000: +222.3%
HUD Fair Market Rents (FY2026)
Section 8 voucher payment standards
Studio$809/mo
1 Bedroom$917/mo
2 Bedroom$1,174/mo
3 Bedroom$1,633/mo
4 Bedroom$1,969/mo
Zillow Market Data
Home Value (ZHVI)
$382K
1yr: +3.2%5yr: +16.0%
Rent (ZORI)
$1,500/mo
1yr: +5.1%5yr: +30.9%
Note: ZORI reflects current listing prices and may differ from the Census ACS median rent shown above, which captures what renters actually pay including below-market and subsidized units.
Redfin Market Activity
Median Sale Price
$400K
Active Inventory
218
Days on Market
50
Sold Above List
0.0%
Price Drops
18.3%