Real Estate Investing in Cheyenne, Oklahoma

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

1 ZIP codes • Population: 1,625 • Roger Mills

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

🏠 For Homebuyers
MIXED
Grade C (65/100)

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

📈 For Investors
MIXED
3.0 / 5 (52/100)

A cash-flow market — rent-to-price math works from day one, though value growth is modest. Great for income-focused investors.

⚠️ Risks to Know
1 flag
  • High vacancy: 20.1% of homes vacant — above national norms.

What’s happening in Cheyenne, OK?

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3.0/ 5

Investability

Citywide average

2.0/ 5

Appreciation

2.2% 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 $138,707
Avg Monthly Rent $900
ZIP Codes 1

Investing in Cheyenne Real Estate

Across Cheyenne's 1 ZIPs, the picture is tepid: $139K median values, $900/mo rents, and a population that has faced real economic pressure.

Investors considering Cheyenne, OK should understand what the ★★★☆☆ rating represents — a market with material structural headwinds, not a temporary rough patch.

Rents in Cheyenne at $900/mo have struggled to keep pace with cost increases, and vacancy has risen in pockets — a dynamic that compresses realized returns well below headline cap rates.

The 0% renter share in Cheyenne masks uneven tenant quality across ZIPs, and $N/AK median income leaves little cushion against economic shocks.

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
$138,707
Avg Monthly Rent
$900
1% Rule
✗ Below
Landlord Friendly (OK)

ZIP Codes in Cheyenne, OK

Screen every ZIP in Cheyenne

Filter Cheyenne’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, OK

Is Cheyenne, OK a good market for buy-and-hold investors?

Cheyenne, OK scores 3.0/5 for investability. Home values sit at $139K and rents near $900/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.

How strong are rents in Cheyenne, OK?

Expect rents around $900/mo per month in Cheyenne, OK. With home values at $139K, the yield math works out to reasonable levels for rental investors.

Should investors worry about vacancy in Cheyenne, OK?

Cheyenne, OK carries elevated vacancy risk. Expect measured absorption at market rents of $900/mo.

Is the tenant base reliable in Cheyenne, OK?

Tenant quality in Cheyenne, OK ranks as solid. Landlords generally report steady occupancy at market rents of $900/mo.

Are eviction rules reasonable in Cheyenne, OK?

Rental owners in Cheyenne, OK deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.

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