Cheyenne County, Nebraska Housing Market
In Cheyenne County, Nebraska, the median home value is $139,700, with a median monthly rent of $821. This places Cheyenne County at #2373 nationally out of 3134 counties by median home value, and #62 within Nebraska.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $930
- Establishments: 300
- BLS QCEW, 2025
Housing Supply
- Single-family: 7
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 4,064 (avg $64,925)
- Outflow: 3,598 (avg $66,985)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 1 active ZIP codes in Cheyenne County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 69162 | 220.0 | -4.99% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
🔗 Explore Cheyenne County on Our Sister Sites
Get the complete picture for Cheyenne County — financing options and ongoing ownership costs.
💰 Mortgage Guide → 🧾 Property Tax Data →How Cheyenne County Compares
| Metric | Cheyenne County | Nebraska Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $139,700 | $164,635 | $227,706 |
| Median Gross Rent | $821 | $796 | $968 |
| Owner Occupancy Rate | 66.7% | 74.0% | 73.3% |
| Price/Rent Ratio | 14.2 | 17.2 | 18.7 |
Market Analysis
The median home value in Cheyenne County is 15.1% below the Nebraska state average and 38.6% below the U.S. national average. The median rent of $821/month is 3.1% above the state average.
With a price-to-rent ratio of 14.2, buying a home in Cheyenne County is generally more favorable than renting for those planning to stay long-term. A ratio below 15 typically signals that purchasing is financially advantageous over a multi-year horizon.
Cheyenne County has an owner-occupancy rate of 66.7%, compared to 74.0% in Nebraska 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 |
|---|---|---|---|
| Nelson County | North Dakota | $139,700 | $582 |
| Jefferson County | Pennsylvania | $139,700 | $750 |
| Woods County | Oklahoma | $139,600 | $850 |
| Jones County | South Dakota | $139,600 | $543 |
| Decatur County | Tennessee | $139,600 | $757 |
Other Counties in Nebraska
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Grant County | $136,700 | $867 | 70.8% |
| Dundy County | $143,400 | $656 | 73.6% |
| Colfax County | $144,700 | $980 | 76.3% |
| Harlan County | $145,800 | $657 | 85.8% |
| Wheeler County | $146,500 | $509 | 77.7% |
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).