Mortgage payment estimates, closing cost breakdowns, and homebuying data for Cheyenne, Wyoming.
Pre-filled with Cheyenne median home price and Wyoming tax/insurance rates. Adjust for your property.
Estimated closing costs based on Wyoming rates and fees applied to Cheyenne prices.
The median home price in Cheyenne is $325,000, roughly in line with the Wyoming state median of $340,000. With a population of 65,132, Cheyenne is a smaller market where home prices tend to be more accessible than in many parts of Wyoming.
Property taxes in Wyoming average 0.61% annually. This low property tax rate is a significant advantage for Cheyenne buyers, keeping your monthly costs well below what you'd pay in higher-tax states. Homeowners insurance in Wyoming runs approximately $1,800 per year. This is within the normal range nationally.
Average rent in Cheyenne is $1,220/month. With a price-to-rent ratio above 20, renting could be more economical in the short term — use our Rent vs Buy calculator to model your specific timeline.
Cheyenne presents moderate affordability. The $325K median puts homeownership within reach for median-income households, though down payment savings and closing costs require planning.