Rental numbers for the Cheyenne, WY metro
The typical home here runs -$1,481 a month at 7.78% with 25% down. 0 of 3 ZIP codes with full Zillow data in this metro are cash-flow positive; the median gross yield is 4.6%.
- Gross yield
- 4.7%
- typical home, Zillow
- Median ZIP yield
- 4.6%
- 3 ZIPs with full data
- Cash flow
- -$1,481/mo
- at 7.78%, 25% down
- Typical price
- $394,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $1,532/mo
- Zillow ZORI, Aug 2026
ZIP codes in the metro
6 with published figures
| 82007Cheyenne | $326,000 | $1,679 | 6.2% | 3.1% | -$917 | +6.2% |
| 82082Pine Bluffs | $336,000 | $1,380* | 4.9% | 2.1% | -$1,210 | n/a |
| 82001Granite Canon | $351,000 | $1,349 | 4.6% | 1.8% | -$1,358 | +6.6% |
| 82009Cheyenne | $496,000 | $1,821 | 4.4% | 1.8% | -$1,912 | +5.9% |
| 82053Burns | $435,000 | $1,470* | 4.0% | 1.4% | -$1,837 | n/a |
| 82054Carpenter | $509,000 | $1,170* | 2.8% | 0.6% | -$2,474 | n/a |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- +3.5%
- Rent, 12 months
- +5.8%
- Rent minus price growth
- +2.3 pts
- Property tax
- 0.56%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $340,180 | $1,184 |
| Aug 2022 | $365,627 | $1,278 |
| Aug 2023 | $366,000 | $1,325 |
| Aug 2024 | $369,547 | $1,379 |
| Aug 2025 | $380,318 | $1,448 |
| Aug 2026 | $393,712 | $1,532 |
Counties
- Laramie County, WY4.6% median yield
Tools
Questions
- Is the Cheyenne, WY metro good for rental property?
- The typical home here runs -$1,481 a month at 7.78% with 25% down. 0 of 3 ZIP codes with full Zillow data in this metro are cash-flow positive; the median gross yield is 4.6%. Figures assume a typical home, 7.78% with 25% down and the default costs on the methodology page.
- Which ZIP codes in the Cheyenne, WY metro have the highest rental yield?
- 82007 (Cheyenne) at 6.2%, 82001 (Granite Canon) at 4.6%, 82009 (Cheyenne) at 4.4%, on Zillow value and rent. The full table above sorts by any column.
Sources and method
- Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
- Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
- HUD Small Area Fair Market Rents, FY2026
US Department of Housing and Urban Development. Read: FY2026.
Rent by bedroom count for every ZIP. The rent used on tier B pages, and a reference on all pages. It is the 40th percentile gross rent, so it runs below market.
- American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
- Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.
Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.
Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.