2026 Affordability Data
Most Affordable Neighborhoods in Cheyenne - 2026 Data
The median home value in Cheyenne is $270,000, 4% below nat'l avg. Median rent is $998/month. With an affordability index of 112, Cheyenne is more affordable than the national baseline of 100. We ranked 15 neighborhoods by affordability to help you find the best value in the Cheyenne, WY area.
Key Takeaways: Affordability in Cheyenne
- 1The most affordable neighborhood in Cheyenne is Rock Springs, with a median home value of $243,100.
- 2Cheyenne's median home value is $270,000, 4% below nat'l avg (national: $281,900).
- 3Cheyenne's affordability index is 112 (baseline 100), making it more affordable than the national average.
- 4Median rent in Cheyenne is $998/month, 14% below nat'l avg (national: $1,163/month).
- 5We analyzed 15 neighborhoods in Cheyenne to find the most affordable areas based on home values, rent, and affordability index.
Cheyenne Affordability Overview
Median Home Value
$270,000
4% below nat'l avg
Median Rent
$998/mo
14% below nat'l avg
Median Income
$60,780
19% below nat'l avg
Affordability Index
112
12% above nat'l avg
Most Affordable Neighborhoods in Cheyenne (Ranked)
| Rank | Neighborhood | Median Home Value |
|---|---|---|
| 1 | Rock SpringsWY | $243,100 |
| 2 | Green RiverWY | $244,600 |
| 3 | EvanstonWY | $198,000 |
| 4 | JacksonWY | $921,100 |
| 5 | RivertonWY | $194,600 |
| 6 | CasperWY | $242,800 |
| 7 | CodyWY | $301,900 |
| 8 | SheridanWY | $287,400 |
| 9 | GilletteWY | $242,900 |
| 10 | LaramieWY | $274,800 |
| 11 | LanderWY | $285,700 |
| 12 | TorringtonWY | $182,600 |
| 13 | MillsWY | $150,500 |
| 14 | WheatlandWY | $223,300 |
| 15 | DouglasWY | $231,200 |
Detailed Neighborhood Profiles
Home Value: $243,100
Rent: $1,087/mo
Affordability: 111
Population: 23,361
Home Value: $244,600
Rent: $1,087/mo
Affordability: 111
Population: 11,772
Home Value: $198,000
Rent: $1,087/mo
Affordability: 111
Population: 11,801
4
Home Value: $921,100
Rent: $1,087/mo
Affordability: 111
Population: 10,748
5
Home Value: $194,600
Rent: $1,087/mo
Affordability: 111
Population: 10,733
6
Home Value: $242,800
Rent: $1,087/mo
Affordability: 111
Population: 58,631
7
Home Value: $301,900
Rent: $1,087/mo
Affordability: 111
Population: 10,081
8
Home Value: $287,400
Rent: $1,087/mo
Affordability: 111
Population: 18,807
9
Home Value: $242,900
Rent: $900/mo
Population: 33,158
10
Home Value: $274,800
Rent: $929/mo
Population: 31,735
11
Home Value: $285,700
Rent: $859/mo
Population: 7,561
12
Home Value: $182,600
Rent: $742/mo
Population: 6,161
13
Home Value: $150,500
Rent: $882/mo
Population: 4,218
14
Home Value: $223,300
Rent: $699/mo
Population: 3,575
15
Home Value: $231,200
Rent: $877/mo
Population: 6,356
Frequently Asked Questions About Affordability in Cheyenne
What is the most affordable neighborhood in Cheyenne, WY?▾
Based on 2026 data, Rock Springs is the most affordable neighborhood in Cheyenne with a median home value of $243,100. Kurby analyzed 15 neighborhoods in the Cheyenne area to compile these rankings.
What is the median home price in Cheyenne, WY?▾
The median home price in Cheyenne is $270,000, which is 4% below nat'l avg. The national median home value is $281,900 (Source: Kurby, 2026).
Is Cheyenne affordable compared to the national average?▾
Cheyenne has an affordability index of 112, which means housing is more affordable than the national baseline of 100. An index above 100 indicates that a median-income household can afford a median-priced home in the area.
What is the average rent in Cheyenne, WY?▾
The median monthly rent in Cheyenne is $998. This is 14% below nat'l avg. The national median rent is $1,163/month (Source: Kurby, 2026).
What is the median household income in Cheyenne?▾
The median household income in Cheyenne is $60,780 compared to the national median of $74,580. This metric is important for understanding housing affordability in relation to local earning power (Source: Kurby, 2026).
How many neighborhoods in Cheyenne are below the national average home price?▾
11 out of 15 ranked neighborhoods in Cheyenne have a median home value below the national average of $281,900. The most affordable is Rock Springs at $243,100 (Source: Kurby, 2026).