$95,000
Tract 29 Mesa Trl N
Cheyenne, WY
0 ba
Land9.31 acres
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Sarah Mitchell
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Compass Real Estate · Cheyenne, WY
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
Cheyenne, WY(512) 555-0184TX License #0512847
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Cheyenne, WY Housing Market
Seller's market+4.2% YoY
Zillow, August 2026 · Refreshes monthlyRedfin, through May 2026 · No longer updatingFreddie Mac via FRED, September 2026 · Refreshes weekly
The typical home in Cheyenne, WY is worth $392,134, rose 4.2% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $370,000, +2.8% year over year (through May 2026). With 1.4 months of supply and homes going under contract in about 21 days, Cheyenne is a seller's market. At today's 7.03% 30-year fixed rate, 20% down on a $392,134 home is about $2,093/mo in principal and interest.
Key numbers for Cheyenne, WY
Typical home value
$392,134
+4.2% in 12 months
Zillow, August 2026
Typical asking rent
$1,532/mo
Zillow Observed Rent Index
Zillow, August 2026
Median sale price
$370,000
+2.8% year over year
Redfin, through May 2026
Days on market
21
Average pace
Redfin, through May 2026
Active listings
152
1.4 months of supply
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$77,176
Home costs 5.1x income
U.S. Census ACS, 2023
Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Cheyenne a buyer's or seller's market?
Seller's market1.4 months of supply21 days on market
Cheyenne, WY is a seller's market, based on 1.4 months of supply and homes selling in about 21 days. Under 2 months of supply is a severe shortage: expect competition on almost anything priced correctly, and little room to negotiate below asking.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Cheyenne housing market data show?
Every row below is Redfin's final published month for Cheyenne, WY. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $370,000 |
| Median list price | $395,000 |
| Year-over-year price change | +2.8% |
| Median price per sq ft | $185/sq ft |
| Median days on market | 21 days |
| Active inventory | 152 listings |
| Months of supply | 1.4 months |
| Homes sold (that month) | 109 |
| New listings (that month) | 115 |
| Listings with a price cut | 23.7% |
| Market condition | Seller's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Cheyenne is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Cheyenne is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Cheyenne home prices moved?
Over the last three years the median sale price in Cheyenne, WY rose 5.7%, from $350,000 to $370,000. The live Zillow value series has rose 4.2% in the last 12 months, which is the more current read now that Redfin's series has stopped. 23.7% of Cheyenne listings cut their asking price in the final Redfin month — a modest share, which is what a market looks like when sellers are pricing close to where homes actually clear.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Cheyenne?
Priced off the typical home value of $392,134 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $78,427 | $313,707 | $2,093/mo |
| 5% | $19,607 | $372,527 | $2,486/mo |
Zillow, August 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $2,093, that implies roughly $89,718 a year before you add taxes and insurance. The median household in Cheyenne earns $77,176, about $12,542 short of that threshold — the typical local household needs a larger down payment, a co-borrower, or a home below the typical home value to fit the 28% rule. That puts the price-to-income ratio at 5.1x — well above the 3x that was historically considered affordable, which is why down payment size drives who can buy here.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Cheyenne in the next 12 months?
Tell us your timeline. We send the Cheyenne market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Cheyenne?
Typical asking rent in Cheyenne, WY is $1,532/mo, against a typical home value of $392,134. That is a price-to-rent ratio of 21.3x, which means renting tends to be the cheaper monthly option unless you stay long enough for appreciation to close the gap. Compared head to head, 20% down puts principal and interest at $2,093 a month — $562 more than renting before taxes and insurance, so the ownership case here rests on equity and appreciation rather than monthly cash flow.
Zillow, August 2026 for both value and rent
Add your own down payment, tax rate and time horizon in the rent vs. buy calculator.
Is inventory rising or falling in Cheyenne?
Active listings in Cheyenne, WY went from 216 in May 2025 to 152 in May 2026, a -29.6% change. Falling inventory tightens competition. When supply drops while demand holds, sale-to-list ratios rise before the median sale price does.
| Month | Active listings | New listings |
|---|---|---|
| June 2025 | 261 | 163 |
| July 2025 | 271 | 138 |
| August 2025 | 259 | 123 |
| September 2025 | 266 | 124 |
| October 2025 | 263 | 113 |
| November 2025 | 242 | 86 |
| December 2025 | 203 | 63 |
| January 2026 | 208 | 109 |
| February 2026 | 180 | 113 |
| March 2026 | 201 | 135 |
| April 2026 | 179 | 149 |
| May 2026 | 152 | 115 |
Redfin, through May 2026
How does Cheyenne compare to Wyoming and the U.S.?
Cheyenne homes sell for $370,000 — 20% below the Wyoming median of $464,500. Against the national median of $410,700, Cheyenne runs 10% lower. Year-over-year, Cheyenne moved +2.8% against Wyoming's +18.0% — a smaller swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Cheyenne, WY | $370,000 | +2.8% | 21 days |
| Wyoming statewide | $464,500 | +18.0% | 51 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Cheyenne
What buyers should watch
- Months of supply, currently 1.4. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 23.7%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $393 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $392,134 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Cheyenne listing goes under contract in 21 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- In the last published month Cheyenne added 115 new listings against 109 sales — more competition arriving than clearing, so early timing matters.
- Your equity moved +4.2% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Cheyenne varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Cheyenne
There are currently 152 homes listed for sale in Cheyenne, Wyoming. The median listing price is $395K. Featured listings range from $95,000 to $580,000.
$204,900
212 Country West Rd Unit C
Cheyenne, WY
3 bd2 ba988 sqft$207/ft²
Condo
View photos & details
$300,000
1907 E Pershing Blvd
Cheyenne, WY
4 bd2 ba1,344 sqft$223/ft²
House4,792 sqft lot
View photos & details
$368,000
4500 Ontario Ave
Cheyenne, WY
3 bd2 ba1,632 sqft$225/ft²
House7,841 sqft lot
View photos & details
$419,000
5400 Alex Ranch Rd
Cheyenne, WY
4 bd3 ba2,120 sqft$198/ft²
House4,792 sqft lot
View photos & details
$440,000
10507 E Polo Plate
Cheyenne, WY
4 bd2 ba2,066 sqft$213/ft²
House2.11 acres
View photos & details
$485,000
848 Western Hills Blvd
Cheyenne, WY
5 bd3 ba2,561 sqft$189/ft²
House13,939 sqft lot
View photos & details
$498,900
6912 Ridge Rd
Cheyenne, WY
4 bd3 ba2,308 sqft$216/ft²
House2.03 acres
View photos & details
$499,900
2102 Pack Saddle Rd
Cheyenne, WY
3 bd2 ba2,820 sqft$177/ft²
House8,276 sqft lot
View photos & details
$525,000
39 Arizona St
Cheyenne, WY
3 bd2 ba2,038 sqft$258/ft²
House17,860 sqft lot
View photos & details
$575,000
7813 Powderhouse Rd
Cheyenne, WY
4 bd2 ba3,296 sqft$174/ft²
House2.06 acres
View photos & details
$580,000
407 Dayshia Ln
Cheyenne, WY
5 bd3 ba3,106 sqft$187/ft²
House3.19 acres
View photos & details
Looking to buy in Cheyenne?
Get connected with a local real estate expert — free, no obligation.
Active listings
152
Homes on market
Median list price
$395K
Avg. days on market
21
Days until sale
New this week
115
Newly listed
Price drops:23.7%of listings
How much do homes cost in Cheyenne by property type?
How the Cheyenne, WY market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $377,000 | $191/sq ft | 92 | 22 days |
| Condo / co-op | $313,700 | $273/sq ft | 2 | 12 days |
| Townhouse | $340,000 | $156/sq ft | 17 | 20 days |
Who lives in Cheyenne?
American Community Survey estimates for Cheyenne. U.S. Census ACS, 2023
Population
64,976
Households
28,956
Median income
$77,176/yr
Median age
38.9 years
Owner-occupied
67.7%
Median home value
$311,200
Median gross rent
$1,035/mo
Mean commute
16.1 min
67.7% of occupied homes in Cheyenne are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $311,200 against Zillow's $392,134 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions. Census median gross rent (all leases, including long-held ones) is $1,035/mo, below Zillow's $1,532/mo asking rent on new leases — the difference is roughly what a mover pays over a stayer.
Which public schools serve Cheyenne?
38 schools tracked · 13,566 students
The largest public schools serving Cheyenne, WY by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
East High School
Grades 9-12 · 1,506 students
Central High School
Grades 9-12 · 1,284 students
South High School
Grades 9-12 · 1,159 students
Carey Junior High School
Grades 7-8 · 836 students
Johnson Junior High School
Grades 7-8 · 640 students
McCormick Junior High School
Grades 7-8 · 619 students
Meadowlark Elementary
Grades 5-6 · 485 students
Prairie Wind Elementary
Grades K-6 · 443 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Cheyenne, WY?
Ordered by distance from Cheyenne, not by size. Compare Cheyenne side by side with any of them.
Cheyenne housing market FAQ
Is Cheyenne a buyer's or seller's market?
Cheyenne, WY is currently a seller's market. That read comes from 1.4 months of supply, homes going under contract in about 21 days in the last month Redfin published (May 2026).
How much do homes cost in Cheyenne?
The typical home in Cheyenne, WY is worth $392,134 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $370,000, about $185 per square foot.
Is Cheyenne cheaper than the rest of Wyoming?
Cheyenne's median sale price of $370,000 is 20% lower than the Wyoming statewide median of $464,500, and 10% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Cheyenne?
Homes in Cheyenne, WY spent a median of 21 days on market before going under contract, versus 51 days statewide. That is a normal pace: enough time to see a home twice, not enough to wait a month. (Redfin, through May 2026.)
What income do you need to buy a home in Cheyenne?
At the current 30-year fixed rate of 7.03%, 20% down on a $392,134 home is about $2,093 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $89,718 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $77,176.
Are home prices rising in Cheyenne?
The typical home value in Cheyenne, WY rose 4.2% over the last 12 months, from $376,217 to $392,134 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Cheyenne?
Cheyenne ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Cheyenne?
That depends on your timeline, not on a headline. What the data says today: Cheyenne, WY is a seller's market with 1.4 months of supply, the 30-year fixed rate is 7.03%, and the price-to-rent ratio of 21.3x means renting tends to be the cheaper monthly option unless you stay long enough for appreciation to close the gap. Properties Incorporated publishes the data; it does not give financial advice.
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