Cheyenne, WY housing market
The typical Cheyenne home is worth about $392,000, up 3.5% in a year, 5% above the Wyoming typical home. Homes typically sell in 21 days.
Home values, sales, trends and how Cheyenne compares with the towns next door — updated as new data is published.
Cheyenne at a glance
A strong seller's market
Homes are selling faster than new ones are listed: less than two months of supply. Well-priced homes can draw several offers.
Typical home value, 2016–2026
Show as a table
| January | Cheyenne | Wyoming |
|---|---|---|
| 2017 | $256,000 | $235,000 |
| 2018 | $268,000 | $238,000 |
| 2019 | $279,000 | $243,000 |
| 2020 | $311,000 | $260,000 |
| 2021 | $334,000 | $279,000 |
| 2022 | $348,000 | $310,000 |
| 2023 | $359,000 | $332,000 |
| 2024 | $365,000 | $342,000 |
| 2025 | $376,000 | $360,000 |
| 2026 | $388,000 | $366,000 |
| August 2026 | $392,000 | $372,000 |
394 new homes permitted in 2025
Builders were permitted 394 new homes in Cheyenne in 2025: 167 single-family houses and 227 in buildings with two or more homes, worth about $85.3 million to build. That's 6 per 1,000 residents, faster than across Wyoming (4.3). Over the past 10 years, Cheyenne has permitted 3,731 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Cheyenne gained 5,666 residents while 2,913 new homes were permitted: about 1.9 new residents per new home. Building and growth moved roughly in step. Across Wyoming: 0.7 new residents per new home.
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 151 | 101 | 50 | $28.7 million |
| 2025 | 394 | 167 | 227 | $85.3 million |
| 2024 | 323 | 158 | 165 | $58.3 million |
| 2023 | 189 | 67 | 122 | $33.8 million |
| 2022 | 1,000 | 212 | 788 | $109.1 million |
| 2021 | 328 | 232 | 96 | $63.4 million |
| 2020 | 280 | 188 | 92 | $63.3 million |
| 2019 | 211 | 165 | 46 | $40 million |
| 2018 | 361 | 213 | 148 | $53.9 million |
| 2017 | 408 | 224 | 184 | $61.7 million |
| 2016 | 237 | 194 | 43 | $42.4 million |
| 2015 | 281 | 229 | 52 | $46.3 million |
| 2014 | 283 | 185 | 98 | $41 million |
| 2013 | 438 | 278 | 160 | $57.3 million |
| 2012 | 259 | 259 | 0 | $37.3 million |
| 2011 | 197 | 197 | 0 | $33.1 million |
| 2010 | 238 | 238 | 0 | $39.5 million |
| 2009 | 384 | 166 | 218 | $46.1 million |
| 2008 | 202 | 160 | 42 | $23.6 million |
| 2007 | 311 | 311 | 0 | $52.6 million |
| 2006 | 509 | 492 | 17 | $88 million |
| 2005 | 869 | 693 | 176 | $118.9 million |
| 2004 | 868 | 736 | 132 | $112.8 million |
| 2003 | 592 | 435 | 157 | $62 million |
| 2002 | 279 | 259 | 20 | $33.1 million |
| 2001 | 210 | 150 | 60 | $20.7 million |
| 2000 | 143 | 143 | 0 | $16.5 million |
How Cheyenne ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Cheyenne and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Cheyenne | $392K | +3.5% | $1,220 | 394 | $78,839 |
| Ranchettes | — | +6.1%† | $1,180 | — | $121,445 |
| Fox Farm-College | — | +0.4%† | $1,240 | — | $48,516 |
| South Greeley | — | +0.3%† | $1,240 | — | $56,844 |
† FHFA price index change, where Zillow has no home value for the town.
5 years of income
The typical Cheyenne home costs about 5 years of the town's median household income, about the same as across Wyoming (4.9).
How Cheyenne ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,220
HUD's Fair Market Rent for a two-bedroom in Cheyenne is $1,220 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Cheyenne pay a median of $1,118. A two-bedroom takes about 19% of the town's median household income.
Studio $830 · 4 bedrooms $2,040
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (82001, 82007, 82009; Cheyenne, WY MSA), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.