Is Cheyenne, WY a good place to invest in rental property?

Cheyenne, WY has a median modeled monthly cash flow of $-1,111 and a median cap rate of 3.0%, on a median sold price of $385,000. Prices changed +2.2% year over year.

What is the average cap rate in Cheyenne, WY?

The median cap rate across recently sold homes in Cheyenne, WY is 3.0%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Cheyenne, WY?

The median sold price in Cheyenne, WY is $385,000 (about $188 per square foot).

Investing in Cheyenne, WY Real Estate

A data-driven snapshot of the Cheyenne, WY rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$385,000Median sold price

$188Median $/sqft

3.0%Median cap rate

$-1,111Modeled cash flow / mo

+2.2%Appreciation YoY

7.0Months of supply

921Active listings

1,579Sold (last 12 mo)

What the Cheyenne numbers say

In Cheyenne, WY, the median home sold for $385,000 (about $188 per square foot), and the typical deal models out to a 3.0% cap rate with a median $-1,111 of monthly cash flow. Sold prices moved +2.2% over the past year. Inventory sits at about 7.0 months of supply. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Wyoming markets to compare

See Cheyenne cash-flowing listings

CashFlowRE ranks every for-sale home in Cheyenne, WY by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Cheyenne deals, or browse the national market data.