Cheyenne, WY — Momentum Score, Home Values & Best-For

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Laramie County · Cheyenne · population 65,704

Cheyenne, WY
Image: Wikipedia · Cheyenne, Wyoming
OverviewCost of livingMoving guide
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65
Rising
Momentum score · 0–100

Where Cheyenne stands

At or near all-time high.

Median home $388,590
1-year +3.8%
5-yr CAGR +2.8%
vs 5-yr peak +0.0%
Population +0.2%/yr

Home value trajectory · last 10 years

Zillow ZHVI · monthly
peak 2026-04$389k$226k$286k$345k$404k201620182020202220242026

Lifestyle scores

🚶
Walkability
40/100
Car-dependent
Estimated from population density. Higher = denser, more amenities within walking distance.
🚉
Public transit
22/100
Transit limited
Curated list of major US transit systems + population-based estimate. Higher = real subway/rail/bus options.
💻
Remote work fit
90/100
Excellent for remote work
Composite of city size, housing cost, state tax structure, and region's remote-work track record.

Scores are heuristic estimates from population density, state, and known transit/walkable cities. Not based on a paid Walk Score / Transit Score API — see methodology for the formula.

Rent trajectory · last 5 years

Zillow ZORI · monthly
$1,471/mo$1,057$1,309$1,560202220242026

Home value vs rent · indexed to 100

Both rebased at first month of ZORI data (~2015)
Home valueRent115131100120202220242026

Rent vs buy

Price-to-rent ratio: 22.0
Lean rent

At a 22.0 price-to-rent ratio, the math is starting to lean toward renting in Cheyenne. Owner-occupier ROI requires longer holds and the assumption that prices keep appreciating roughly at the rate of rent.

How the momentum score breaks down

methodology →
Home YoY
69 · w22%
Home 5-yr CAGR
52 · w22%
Distance from peak
90 · w18%
Population growth
49 · w16%
Rent YoY
73 · w12%
Home 10-yr CAGR
60 · w10%
Long thesis

Cheyenne has held up across the cycle: home values at $388,590 with +2.8% 5-year CAGR. The bull case is structural — population, location, employer base — and holds even if next year's print is soft.

Short thesis

Cheyenne's bear case is the boring one: the cycle is real and any market that's run hard can stall. Watch for slowing population growth, rising days-on-market, or builder discounts as the early warning signals.

About Cheyenne

Cheyenne is a city in Laramie County, Wyoming, with an estimated population of 65,704. The median home value in Cheyenne is $388,590 as of 2026-04, up 3.8% over the last 12 months. Over the last five years, home values have averaged +2.8% annual growth, with prices at or near the 5-year peak. Rents in Cheyenne average $1,471 per month, up 4.1% year-over-year. The composite momentum score is 65 of 100 (Rising). The market is healthy with prices supported by underlying demand.

▲ Bull case

●Quiet strength: +3.8% over the trailing year — not a melt-up, but the market is bid.
●Held the highs: currently +0.0% from the 5-year peak — this market refused to give back gains.

▼ Bear case

○Local nuance: city-level data smooths over neighborhood differences. School zones, HOA rules, and street-level character matter — visit before deciding.

About Cheyenne (Wikipedia)

Cheyenne is the capital and most populous city of the U.S. state of Wyoming. The population was 65,132 at the 2020 census, while the Cheyenne metropolitan area encompassing all of Laramie County has an estimated 102,000 residents. Cheyenne is situated on Crow Creek and Dry Creek. It is the county seat of Laramie County.

Source: Wikipedia · this summary is contributed and licensed under CC-BY-SA.

City facts

MayorPatrick Collins
Area32.37 sq mi
Elevation6086 ft
Founded1867
Nickname"Magic City of the Plains" (''historic'')
Density1991.23/sq mi
Named forCheyenne people

Extracted from the Wikipedia infobox. Values may be slightly out of date relative to the latest sources.

Playbook

Buyer

You're not in a frenzy but you're not getting bargains either. Make a competitive offer with normal inspection terms. Don't lowball — the listing will move with or without you.

Seller

Price at fair market value; expect movement in 30-45 days. Don't get clever with terms (rent-back, contingencies) — buyers in a Rising market have options.

Investor

Appreciation tailwind exists but cash flow requires discipline on price. Run the numbers conservatively and confirm rent comps before committing.

Local safety & alerts

No active National Weather Service alerts for Laramie County right now.

NWS active alerts (WY)Wyoming Emergency ManagementHow to prepare (NWS)

Public-safety links are official .gov sources, not curated by us. Laramie County routes NWS alerts; check the state EM portal for non-weather emergencies.

Cities like Cheyenne

Rawlins, WY56 · StableSheridan, WY71 · RisingGreen River, WY60 · StableCasper, WY64 · Rising

Run the numbers for Cheyenne

ToolCan I afford Cheyenne?Income → city shortlistToolROI on a Cheyenne rentalCap rate, cash-on-cash, DSCRToolCompare Cheyenne to anywhereSide-by-side up to 3 citiesToolCheyenne cost-of-livingEquivalent income elsewhere

Sources: Zillow ZHVI (home values), Zillow ZORI (rents), US Census ACS + place population. Updated when source agencies publish revisions.

Climate & natural-disaster risk

Winter (Jan)
33° / 11°
avg high / low
Summer (Jul)
83° / 52°
avg high / low
Sunny days/yr
218
~60% of year
Annual precip
13″ rain
73″ snow
Disaster risk (1=very low, 5=very high)
Hurricane
Very low
Tornado
Low
Wildfire
Moderate
Earthquake
Moderate
Flood
Low

State-level averages from NOAA Climate Normals (1991-2020) and FEMA National Risk Index. City-level conditions can vary significantly within a state.

Current weather

Loading current conditions…

7-day forecast on weather.gov →

Find rentals & listings

Open current Cheyenne listings on the major real-estate sites.

Links open the live search on the destination site — results are always current.

Local news & community

Updated 2026-05-21 from Google News + Reddit RSS. Headlines link to original sources.

Local sports teams

Major professional teams the Cheyenne area cheers for. Detailed stats, schedules, and player pages on intherafters.com.

Local economy & environment

Humidity
56%
Dry climate
Median household income
$72,400
Wyoming state median
Top industries (state-level)
Mining (coal/oil)TourismAgriculture

Humidity is annual average relative humidity (NOAA). Income is Census ACS 5-year estimate. Industries are largest employment sectors statewide (BLS); the local mix in a given city may vary.

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