What is the average cost of housing in Cheyenne?

Question & Answer about Wyoming

Updated April 29, 2026

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Wyoming Q & A's
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Wyoming State Facts

State Flag
Wyoming state flag
Wyoming
Capital
Cheyenne
State Bird
Wyoming state bird - Western Meadowlark
Western Meadowlark
Statehood
July 10, 1890
State Flower
Wyoming state flower - Indian Paintbrush
Indian Paintbrush
Population
580,000 (2020)

Answer

The average cost of housing in Cheyenne, Wyoming, as of 2026, reflects the city’s relatively affordable real estate market compared to national averages. Cheyenne, being the state capital, offers a mix of single-family homes, apartments, and townhouses, with prices influenced by its economic stability, job market, and regional demand. Housing costs remain reasonable due to Wyoming’s lower population density and lack of high urban congestion.

As of 2026, the median home price in Cheyenne typically ranges around $300,000 to $350,000, which is below the U.S. national median home price. Rental prices average about $900 to $1,200 per month for a standard apartment, depending on the neighborhood and amenities. These costs reflect Cheyenne’s balance of moderate demand and availability, with the local economy supported by government jobs, energy sectors, and manufacturing, contributing to steady housing affordability.

Key Points:
- The median home price in Cheyenne is approximately $300,000 to $350,000 as of 2026.
- Average monthly rent for apartments ranges from $900 to $1,200 in Cheyenne.
- Cheyenne's housing costs are lower than many U.S. urban areas due to regional factors.

Cheyenne offers affordable housing options compared to many other state capitals.
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