Real Estate Investing in Cheyenne Wells, Colorado

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

1 ZIP codes • Population: 1,169 • Cheyenne County

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Should you buy in Cheyenne Wells, CO? Our answer, based on the numbers below.

🏠 For Homebuyers
MIXED
Grade C (68/100)

Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.

📈 For Investors
MIXED
3.0 / 5 (47/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
1 flag
  • High vacancy: 18.9% of homes vacant — above national norms.

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3.0/ 5

Investability

Citywide average

3.0/ 5

Appreciation

6.5% 5yr CAGR

5.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS
Avg Investability
Avg Home Value $203,538
Avg Monthly Rent $945
ZIP Codes 1

Investing in Cheyenne Wells Real Estate

Cheyenne Wells, CO covers 1 ZIP codes and a population but the investment metrics here are modest — this is not a market to enter casually.

Across Cheyenne Wells's 1 ZIPs, fundamentals run soft: thin appreciation, soft rents, and demographic trends that don't obviously reverse in the medium term.

Market conditions in Cheyenne Wells are soft. Days-on-market has stretched, rent growth has stalled, and the 0.0% 5-year CAGR understates how uneven the underlying ZIPs really are.

Distressed-leaning demographics in Cheyenne Wells — soft income growth, high rent burden, population shifts — are among the reasons the ★★★☆☆ rating sits where it does.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Landlord Ground Truth

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Avg Home Value
$203,538
Avg Monthly Rent
$945
1% Rule
✗ Below
Landlord Friendly (CO)

ZIP Codes in Cheyenne Wells, CO

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Filter Cheyenne Wells’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo).

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Frequently Asked Questions About Cheyenne Wells, CO

How do landlord-tenant laws work in Cheyenne Wells, CO?

CO ranks as a landlord-friendly state for landlord-tenant law. Cheyenne Wells generally follows the statewide framework, so landlords face reasonable operating rules.

Is the tenant base reliable in Cheyenne Wells, CO?

The renter base in Cheyenne Wells, CO is reasonable for the $945/mo price point. Screening well and pricing to market typically yields consistent tenants.

How much is rent in Cheyenne Wells, CO?

Cheyenne Wells, CO rentals go for roughly $945/mo a month. That puts gross yield in solid territory relative to $204K acquisition costs.

How does Cheyenne Wells, CO stack up for property investment?

Cheyenne Wells, CO comes in at an investability rating of 3.0/5, with median home values near $204K and average rents around $945/mo. That combination puts it in the impressive tier for investor interest.

How much should I expect to pay for a home in Cheyenne Wells, CO?

Expect median prices around $204K in Cheyenne Wells, CO. The market has run at a 0.0% 5-year CAGR, so entry costs have been stable.

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