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

Cheyenne, WY has a median modeled monthly cash flow of $-1,036 and a median cap rate of 3.2%, on a median sold price of $378,000. Prices changed +1.7% year over year.

What is the average cap rate in Cheyenne, WY?

The median cap rate across recently sold homes in Cheyenne, WY is 3.2%, 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 $378,000 (about $184 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.

$378,000Median sold price

$184Median $/sqft

3.2%Median cap rate

$-1,036Modeled cash flow / mo

+1.7%Appreciation YoY

5.0Months of supply

578Active listings

1,395Sold (last 12 mo)

What the Cheyenne numbers say

In Cheyenne, WY, the median home sold for $378,000 (about $184 per square foot), and the typical deal models out to a 3.2% cap rate with a median $-1,036 of monthly cash flow. Sold prices moved +1.7% over the past year. Inventory sits at about 5.0 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.