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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 $321,196, lower than the Wyoming average of $376,641.
The average cost of rent is $1,294/mo in Cheyenne, primarily driven by the current value of real estate in the Cheyenne area. In Cheyenne, 31.23% of households rent, and 35.30% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Cheyenne is $6,920 per month. Households that rent pay about 18.70% of their income on rent here. Cheyenne’s most expensive areas are in the northern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Ranchettes, WY: higher priced homes
- Fe Warren Afb, WY: equally priced homes
- Warren Air Force Base, WY: higher priced homes
- Orchard Valley, WY: higher priced homes
- Hillsdale, WY: higher priced homes
- Granite Canon, WY: higher priced homes
- Burns, WY: equally priced homes
- Carpenter, WY: higher priced homes
- Carr, CO: higher priced homes
- Norfolk, CO: higher priced homes
Cities with Similar Populations
- Santa Cruz, CA: higher priced homes
- Sarasota, FL: higher priced homes
- Silver Spring, MD: higher priced homes
- San Mateo, CA: higher priced homes
- Seattle, WA: higher priced homes
- San Marcos, TX: equally priced homes
- Shreveport, LA: less expensive homes
- San Pedro, CA: higher priced homes
- Sandy Springs, GA: higher priced homes
- Santa Barbara, CA: higher priced homes
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