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These days, finding an affordable place to live in the Cheyenne area can be challenging. Home prices in Cheyenne are now at a median cost of $171,687, lower than the Oklahoma average of $210,566.
The average cost of rent is $823/mo in Cheyenne, primarily driven by the current value of real estate in the Cheyenne area. In Cheyenne, 19.05% of households rent, and 68.37% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Cheyenne is $5,274 per month. Households that rent pay about 15.60% of their income on rent here. Cheyenne’s most expensive areas are in the central regions, while the cheapest areas are in the northwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Strong City, OK: less expensive homes
- Dempsey, OK: equally priced homes
- Roll, OK: less expensive homes
- Reydon, OK: equally priced homes
- Moorewood, OK: less expensive homes
- Herring, OK: less expensive homes
- Hammon, OK: less expensive homes
- Allison, TX: equally priced homes
- Butler, OK: equally priced homes
- Briscoe, TX: less expensive homes
Cities with Similar Populations
- Teton, ID: higher priced homes
- Coleman, FL: higher priced homes
- Comstock, WI: higher priced homes
- Concord, AR: less expensive homes
- Cool Springs, NC: higher priced homes
- Cragford, AL: equally priced homes
- Dale, OK: higher priced homes
- Davey, NE: higher priced homes
- Dayton, IA: less expensive homes
- Detroit, AL: less expensive homes
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