Cheyenne County, Colorado Housing Market
In Cheyenne County, Colorado, the median home value is $187,500, with a median monthly rent of $926. This places Cheyenne County at #1545 nationally out of 3134 counties by median home value, and #56 within Colorado.
📈 Price Trend (2017 → 2024)
ℹ️ FHFA HPI data is not available for this county due to limited mortgage transaction volume.
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,300
- Establishments: 73
- BLS QCEW, 2025
Housing Supply
- Single-family: 4
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 669 (avg $64,378)
- Outflow: 636 (avg $65,126)
- IRS Statistics of Income
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| Metric | Cheyenne County | Colorado Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $187,500 | $427,512 | $227,706 |
| Median Gross Rent | $926 | $1,302 | $968 |
| Owner Occupancy Rate | 72.6% | 71.9% | 73.3% |
| Price/Rent Ratio | 16.9 | 26.3 | 18.7 |
Market Analysis
The median home value in Cheyenne County is 56.1% below the Colorado state average and 17.7% below the U.S. national average. The median rent of $926/month is 28.9% below the state average.
With a price-to-rent ratio of 16.9, the buy-vs-rent decision in Cheyenne County is balanced. Whether buying or renting makes more sense depends on your time horizon, down payment capacity, and local market conditions.
Cheyenne County has an owner-occupancy rate of 72.6%, compared to 71.9% in Colorado and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| De Baca County | New Mexico | $187,500 | $387 |
| Bradford County | Pennsylvania | $187,500 | $901 |
| Polk County | Georgia | $187,600 | $918 |
| Terrebonne Parish | Louisiana | $187,200 | $1,065 |
| Barry County | Missouri | $187,800 | $766 |
Other Counties in Colorado
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Costilla County | $184,700 | $927 | 79.0% |
| Conejos County | $193,400 | $748 | 76.5% |
| Otero County | $168,900 | $839 | 68.9% |
| Yuma County | $211,700 | $942 | 68.9% |
| Saguache County | $212,600 | $828 | 76.9% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).