Market Overview
Home Prices in Cheyenne, OK
The median home value in Cheyenne, OK is $83,077 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 5.7% compared to a year ago and down 7.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in Cheyenne are priced80% below average.
Over the past five years, Cheyenne home values have fallen by approximately3.3%, reflecting softening conditions in this market.
Price History
Cheyenne Home Price Trend
2021
$85,929
$86K
—
2022
$94,814
$95K
+10.3%
2023
$95,391
$95K
+0.6%
2024
$95,370
$95K
+-0.0%
2025
$88,074
$88K
-7.7%
2026
$83,077
$83K
-5.7%
City Comparison
Cheyenne vs. National Median
🏠 Cheyenne
$83,077
National Median
$410,000
At $83,077, homes in Cheyenne cost 80% below the national median of $410,000. This makes Cheyenne a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Cheyenne?
20% Down Payment
$16,615
on $83,077
Monthly P&I
$433/mo
30-yr @ 6.8%
Total Monthly Est.
~$550/mo
incl. taxes & insurance
Income Needed
$22,000
gross annual (30% rule)
10% Down Option
$8,308
+ PMI applies
Loan Amount (20% dn)
$66,462
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Cheyenne, OK?
The median home value in Cheyenne is $83,077 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 5.7% year-over-year.
How much have home prices changed in Cheyenne?
Over the past year, home values in Cheyenne have decreased by 5.7%. Over five years, prices have fallen approximately 3.3%.
How much do I need to earn to buy a home in Cheyenne?
To comfortably afford the median home price of $83,077 with a 20% down payment ($16,615) at today's rates (6.8%), you'd need a gross annual income of approximately $22,000. This assumes keeping total housing costs at or below 30% of gross income.
How does Cheyenne compare to the national average home price?
The national median home value is approximately $410,000. At $83,077, homes in Cheyenne are 80% below the national average.