Market Overview
Home Prices in Cheyenne, WY
The median home value in Cheyenne, WY is $391,685 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 3.5% compared to a year ago and up 2.8% from two years prior.
Compared to the U.S. national median of $410,000, homes in Cheyenne are priced4% below average. Cheyenne is part of the Cheyenne, WY metro area.
Over the past five years, Cheyenne home values have risen by approximately14.5%, reflecting steady appreciation in this market.
Price History
Cheyenne Home Price Trend
City Comparison
Cheyenne vs. National Median
At $391,685, homes in Cheyenne cost 4% 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
$78,337
on $391,685
Monthly P&I
$2,043/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,595/mo
incl. taxes & insurance
Income Needed
$103,800
gross annual (30% rule)
10% Down Option
$39,169
+ PMI applies
Loan Amount (20% dn)
$313,348
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, WY?
The median home value in Cheyenne is $391,685 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 3.5% year-over-year.
How much have home prices changed in Cheyenne?
Over the past year, home values in Cheyenne have increased by 3.5%. Over five years, prices have risen approximately 14.5%.
How much do I need to earn to buy a home in Cheyenne?
To comfortably afford the median home price of $391,685 with a 20% down payment ($78,337) at today's rates (6.8%), you'd need a gross annual income of approximately $103,800. 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 $391,685, homes in Cheyenne are 4% below the national average.
What metro area is Cheyenne part of?
Cheyenne is part of the Cheyenne, WY metropolitan area. Home prices and market conditions can vary across the broader metro region.