In Cheyenne, a typical home is worth $333,700 and typical rent is $1,118 a month. Home values, rent and income are very close to those of all of Laramie County.
Typical home value from Zillow, September 2021 to September 2026: from $335,860 to $388,958.
Typical rent
$1,529a month
▲ 6.5% more than 12 months ago
Typical rent from Zillow, September 2021 to September 2026: from $1,200 to $1,529.
From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).
Cheyenne is in Laramie County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Laramie County. See the county
What this place has that others do not, from public data, most unusual first.
1
Nearby, in Torrington, the typical home value is $197,500: 41% less than in Cheyenne ($333,700).
2
Nearby, in Rawlins, the typical rent is $741: 34% less than in Cheyenne ($1,118).
3
Cheyenne has the 2nd highest typical rent of the 16 cities in Wyoming with more than 5,000 people ($1,118).
Sources: U.S. Census Bureau (Average 2020–2024).
The homes here
Housing in Cheyenne
What homes there are in Cheyenne, what they cost, how that changed and how people live, from Census figures (2020–2024).
What homes there are
U.S. Census Bureau, ACS 5-year, 2020–2024
Kind of home
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Cheyenne
Laramie County
Wyoming
United States
Kind of home: Cheyenne and its comparisons
Measure
Cheyenne
Laramie County
Wyoming
United States
Detached house
64%
66%
68%
61%
Attached house
11%
9%
5%
6%
Building of 2 to 4
12%
8%
6%
8%
Apartments (5 or more)
11%
8%
9%
19%
Mobile home
2%
8%
12%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
As in Laramie County, most homes in Cheyenne are detached houses (64%).
Year built
Before 19601960–19791980–19992000–20092010 or later
Cheyenne
Laramie County
Wyoming
United States
Year built: Cheyenne and its comparisons
Measure
Cheyenne
Laramie County
Wyoming
United States
Before 1960
30%
25%
23%
26%
1960–1979
27%
25%
26%
24%
1980–1999
19%
21%
25%
25%
2000–2009
10%
13%
14%
14%
2010 or later
14%
16%
12%
11%
The typical home in Cheyenne was built in 1976, 4 years before the typical one in Laramie County.
There are fewer big homes in Cheyenne than in Laramie County: 66% have 3 bedrooms or more, against 71%.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Under the limitOver the limitUnreliable estimate
Under $100K6%
$100K–$200K7%
$200K–$300K26%
$300K–$500K49%
$500K–$750K10%
FHA limit: $541,287
$750K–$1M2%
$1M or moreUnreliable
Value of owner-occupied homes: Cheyenne and its comparisons
Measure
Cheyenne
Under $100K
6%
$100K–$200K
7%
$200K–$300K
26%
$300K–$500K
49%
$500K–$750K
10%
$750K–$1M
2%
$1M or more
Unreliable estimate
By price, most homes in Cheyenne sit under the FHA limit for Laramie County ($541,287): about 89%.
Monthly rent with utilities
Under the limitOver the limitUnreliable estimate
Under $5007%
$500–$99933%
$1,000–$1,49936%
HUD fair market rent, 2 bedrooms: $1,228
$1,500–$1,99914%
$2,000–$2,4996%
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Cheyenne and its comparisons
Measure
Cheyenne
Under $500
7%
$500–$999
33%
$1,000–$1,499
36%
$1,500–$1,999
14%
$2,000–$2,499
6%
$2,500–$2,999
Unreliable estimate
$3,000 or more
Unreliable estimate
Measured against HUD's 2-bedroom fair market rent ($1,228), about 56% of rented homes in Cheyenne cost less.
With a mortgage
$1,829 a month
Laramie County: $1,898 a month
Without a mortgage
$580 a month
Laramie County: $624 a month
Owners with a mortgage
68%
Laramie County: 65%
Owning costs about the same in Cheyenne as in Laramie County: with a mortgage, $1,829 a month; without one, $580.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Cheyenne+56%
Laramie County+53%
Wyoming+41%
United States+53%
Typical rent
Cheyenne+22%
Laramie County+22%
Wyoming+16%
United States+33%
Typical household income
Cheyenne+22%
Laramie County+20%
Wyoming+19%
United States+29%
Change since 2015–2019: Cheyenne and its comparisons
Measure
Cheyenne
Laramie County
Wyoming
United States
Typical home value
+56%
+53%
+41%
+53%
Typical rent
+22%
+22%
+16%
+33%
Typical household income
+22%
+20%
+19%
+29%
The typical home value in Cheyenne rose 56% since 2015–2019, about the same as in Laramie County (53%).
The typical rent in Cheyenne rose 22% since 2015–2019, about the same as in Laramie County (22%).
To compare: typical income in Cheyenne rose 22%; the home, +56%; the rent, +22%.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Cheyenne and its comparisons
Measure
Cheyenne
Laramie County
Wyoming
United States
Rental vacancy
Unreliable estimate
Unreliable estimate
6.0%
5.5%
Homeowner vacancy
Unreliable estimate
Unreliable estimate
0.9%
0.9%
More than one person per room
Unreliable estimate
1.0%
1.9%
3.4%
People per household
2.21
2.30
2.34
2.53
Drive alone
81%
79%
75%
69%
Carpool
9%
9%
9%
9%
Public transit
Unreliable estimate
Unreliable estimate
1%
3%
Walk or bike
1%
2%
4%
3%
Work from home
8%
9%
9%
15%
Other means
1%
1%
1%
2%
Typical commute
10 to 19 minutes
10 to 19 minutes
10 to 19 minutes
20 to 29 minutes
By size, households in Cheyenne look like those in Laramie County: 2.21 people on average.
The car rules in Cheyenne: 81% of workers drive to work alone, and the typical trip takes 10 to 19 minutes.
Do the math
What would you pay each month for a home in Cheyenne?
A typical home costs more than the typical income allows
We start with a typical home in Cheyenne, worth $333,700, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 41% of the typical household income in Cheyenne, which is $78,839 a year. For that payment to be 28% of income, a household would need to earn about $114,325 a year.
The calculator's FHA and conventional loan limits are those of all of Laramie County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Cheyenne. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $11,680 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$2,668
at 7.18% · 30 years
Loan amount
$327,655
Total interest
$471,419
Paid off in
November 2056
Includes $5,635 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $1,840 a month
Tight
$1,840 to $2,365 a month
Hard
more than $2,365 a month
Your payment · 41%
Compared with the typical household income in Cheyenne ($78,839 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$2,220
Property tax
$161
Home insurance
$139
FHA mortgage insurance (MIP)
$148
You need at least $11,680 for the down payment, plus closing costs.
This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.
Total monthly payment $2,668; principal and interest $2,220.
The city and its county
Cheyenne and Laramie County
Cheyenne is in Laramie County, Wyoming. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).
Cheyenne
Map of Laramie County, Wyoming, with Cheyenne marked. Around it, the neighboring counties.
Cheyenne
Laramie County
Other cities with a page
Cheyenne's own numbers
Typical home value
$333,700
Typical monthly rent
$1,118
Typical yearly household income
$78,839
Households that own their home
67%
Effective property tax rate
0.58%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Laramie County
FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,228
Price change over 5 years (FHFA)
+40%
Homes in a high flood-risk zone
1.5%
HUD, FHFA and FEMA don't publish these numbers by city.
Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Laramie County.
A typical home in Cheyenne is worth $333,700: 4% below the county and 8% above Wyoming. With the typical household income in Cheyenne ($78,839 a year), a typical home costs 4.2 times what the household earns in a year.
Years of income to pay for a typical home
The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.
Cheyenne4.2 years
Laramie4.3 years
Wyoming4.1 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Laramie County
According to FHFA’s house price index, home prices in Laramie County rose 80% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Laramie County.
Yearly change in FHFA’s price index in Laramie County, 2016 to 2025
2016: +5.0% +5.0% 2016
2017: +4.8% +4.8% 2017
2018: +4.5% +4.5% 2018
2019: +7.4% +7.4% 2019
2020: +4.8% +4.8% 2020
2021: +11.1% +11.1% 2021
2022: +14.0% +14.0% 2022
2023: +2.1% +2.1% 2023
2024: +4.1% +4.1% 2024
2025: +3.6% +3.6% 2025
Change in FHFA’s price index in Laramie County, Wyoming and the United States
Period
County
Wyoming
U.S.
Last year (2025)
+3.6%
+4.1%
+2.9%
5 years (2020–2025)
+40%
+44%
+47%
10 years (2015–2025)
+80%
+68%
+85%
The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data
Cheyenne next to Laramie County, Wyoming and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Cheyenne$333,700
Laramie$348,700
Wyoming$309,700
United States$332,700
Typical monthly rent
Cheyenne$1,118
Laramie$1,160
Wyoming$992
United States$1,413
Typical yearly household income
Cheyenne$78,839
Laramie$80,173
Wyoming$76,176
United States$80,734
See the full table
Cheyenne next to Laramie County and Wyoming
Measure
Cheyenne
Laramie County
Wyoming
U.S.
Typical home value
$333,700 ▼4% below the county
$348,700
$309,700
$332,700
Typical monthly rent
$1,118 ▼4% below the county
$1,160
$992
$1,413
Typical yearly household income
$78,839
$80,173
$76,176
$80,734
Households that own their home
67% ▼3 points below the county
71%
72%
65%
Typical yearly property tax
$1,946
$1,980
$1,767
$3,119
Effective property tax rate
0.58% ▲0.01 points above the county
0.57%
0.57%
0.94%
Renters with high rent for their income
49% ▲2 points above the county
47%
43%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Laramie County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.
Four ways to pay for a typical home in Cheyenne
For a typical $333,700 home in Cheyenne, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Cheyenne's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$2,668a month
Least cash to close
Down payment
$11,680
Cash to close
$21,691
Rate
7.18%
Mortgage insurance
FHA MIP · $148
Conventional, 5% down$2,606a month
Down payment
$16,685
Cash to close
$26,696
Rate
7.18%
Mortgage insurance
PMI · $159
Conventional, 20% down, no PMI$2,109a month
Down payment
$66,740
Cash to close
$76,751
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$2,417a month
Down payment
$50,055
Cash to close
$60,066
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Cheyenne
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$2,668
$11,680
$327,656
7.18%
FHA MIP · $148
$21,691
580
Conventional, 5% down
$2,606
$16,685
$317,015
7.18%
PMI · $159
$26,696
620*
Conventional, 20% down, no PMI
$2,109
$66,740
$266,960
7.18%
None
$76,751
620*
ITIN, 15% down (example)
$2,417
$50,055
$283,645
8.18%
None
$60,066
Set by the lender
The option that asks for the least cash to close is FHA, 3.5% down.
Cash to close = down payment plus 3% of the price in closing costs (example).
Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.
Typical rent in Cheyenne is $1,118 a month: 4% below the county. In Cheyenne, 49% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Laramie County, by unit size. To pay the 2-bedroom one ($1,228 a month) without spending more than 30% of your income, you would need to earn $23.62 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Laramie County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$855
$16.44
$34,200
1 bedroom
$963
$18.52
$38,520
2 bedrooms
$1,228
$23.62
$49,120
3 bedrooms
$1,700
$32.69
$68,000
4 bedrooms
$2,053
$39.48
$82,120
Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027
By ZIP code
Fair market rent by ZIP code in Cheyenne
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Cheyenne has 3 ZIP codes with their own.
For 2 bedrooms it runs from $1,210 in 82001 to $1,290 in 82007.
2 of the 3 are above the fair market rent for Laramie County ($1,228).
2-bedroom fair market rent in each of the 3 ZIP codes of Cheyenne, beside the one for Laramie County. For 2 bedrooms it runs from $1,210 in 82001 to $1,290 in 82007. 2 of the 3 are above the fair market rent for Laramie County ($1,228).
2-bedroom fair market rent in each ZIP code
Each line is one ZIP code: in color, those above the county's fair market rent; in gray, the rest.
County: $1,228
Lowest: $1,210 (82001)Highest: $1,290 (82007)
Fair market rent by ZIP code and size in Cheyenne, fiscal year 2027.
82001
$840
$950
$1,210
$1,680
$2,020
82007
$900
$1,010
$1,290
$1,790
$2,160
82009
$880
$990
$1,260
$1,740
$2,110
ZIP code2 bd3 bd
82001 $1,210$1,680
82007 $1,290$1,790
82009 $1,260$1,740
3 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Cheyenne when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD)Fiscal year 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
HUD lists 28 buildings with rents for lower incomes in Cheyenne. These are the largest.
Cheyenne2113 Thomes Ave, Cheyenne 82001341 low-income homes · Run by Housing Authority of the City of Cheyenne · Average payment: $516 a month · Average wait: 9 months · Homes at several sites(307) 633-8320
Mountainside Apts4109 E Pershing Blvd, Cheyenne 82001157 homes, 155 low-income · 1 bd: 40 · 2 bd: 95 · 3 bd: 20 · In service since 1997 · For families
Eastland Village Apts5825 Eastland Ct, Cheyenne 82001112 low-income homes · 2 bd: 32 · 3 bd: 80 · In service since 1997 · For families
Pershing Pointe1911 Rainbow Rd, Cheyenne 8200187 low-income homes · 3 bd: 48 · 4 bd: 39 · In service since 1998 · For families
Lexington Hills at Harmony514 Desmet Dr, Cheyenne 8200783 low-income homes · 2 bd: 52 · 3 bd: 25 · 4 bd: 6 · In service since 2006 · For families
You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.
We found no HUD-approved agencies with an office in Laramie County. The nearest ones are below; many serve by phone or online.
No down payment, repair or rent-help program on our list is for Cheyenne or Laramie County. The ones below are statewide in Wyoming: they work in Cheyenne the same as in the rest of the state.
Wyoming state authority loan of up to $15,000 for the down payment, at 0% with no monthly payments, repaid when you sell, refinance or after 30 years; alongside WCDA's First-time Homebuyer, Spruce Up or Edge mortgages.Offered by Wyoming Community Development Authority (WCDA).
Wyoming state authority loan of up to $15,000 for the down payment, closing costs and prepaid expenses, at a fixed rate with low monthly payments for up to 10 years; only with WCDA's Advantage mortgage, which does not require you to be a first-time buyer.Offered by Wyoming Community Development Authority (WCDA).
Wyoming state authority certificate that turns part of your mortgage interest into a credit on your federal taxes for the life of the loan, as long as you keep qualifying; for first-time buyers, only with WCDA's HFA Preferred or Advantage mortgages; if you pay the federal recapture tax, you may get a refund from WCDA.Offered by Wyoming Community Development Authority (WCDA).
No legal help resource on our list is for Cheyenne or Laramie County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Cheyenne and all of Laramie County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.
How much does a typical home cost in Cheyenne?
The typical home value in Cheyenne is $333,700, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Laramie County it is $348,700.
How much does it cost to rent in Cheyenne?
Typical rent in Cheyenne is $1,118 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Laramie County is $1,228.
What is the FHA loan limit in Cheyenne?
Cheyenne uses the FHA limit for all of Laramie County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.
How much property tax do owners pay in Cheyenne?
The typical homeowner in Cheyenne pays $1,946 a year, according to the U.S. Census Bureau. That is 0.58% of the home’s value; in Laramie County, the rate is 0.57%.
Where can I find free help to buy or rent in Cheyenne?
We found no HUD-approved counseling agencies with an office in Laramie County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.
