Real Estate Investing in Cheyenne, Wyoming (82001)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 82001 (Cheyenne, WY)? Our answer, based on the numbers below.
Mixed signals — some positives, some negatives. Worth considering but not a slam-dunk.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Cheyenne, WY (82001)?
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Market Analysis: 82001 Cheyenne
Investors eyeing 82001 need to respect the fundamentals at play. Home values of $352K come alongside slower price movement and elevated management overhead.
For an experienced owner, 82001 can be a a strong candidate for hunting ground — but the discount at $352K reflects genuine risk that outside investors often underestimate.
Within WY, ZIP 82001 trails on several market indicators that neighboring Laramie County submarkets outperform. The gap is real and notable enough to shape underwriting.
A impressive renter share of 36% in 82001 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Strategy in 82001 is an operator game, not a passive one. In practical terms, entry prices of $352K are inviting, the management lift is real and non-optional.
Here's what matters if you're considering buying a home in Cheyenne:
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 82001 Compare?
| Metric | 82001 | Cheyenne | Cheyenne, WY | Wyoming |
|---|---|---|---|---|
| Home Value | $352,186 | $235,196 | N/A | $359,462 |
| 5-Year CAGR | 3.6% | 3.3% | N/A | 6.2% |
| Avg Rent | $1,410 | $1,569 | N/A | - |
| Cap Rate | 3.1% | 3.2% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 82001 (Cheyenne, WY). Anonymous, moderated, never written by AI.
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📊 Market Snapshot
| Home Value | $352,186 |
| Monthly Rent | $1,410 |
| Price-to-Rent | 20.8:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 4.8% |
| Cap Rate | 3.1% |
| 5-Year IRR | 6.8% |
📈 Home Appreciation
| 1-Year | +6.1% ▲ |
| 3-Year CAGR | +3.4% ▲ |
| 5-Year CAGR | +3.6% ▲ |
| 10-Year CAGR | +5.2% ▲ |
🏠 Rent Trends
| 1-Year | +10.4% ▲ |
| 3-Year CAGR | +6.8% ▲ |
| 5-Year CAGR | +6.3% ▲ |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (3.1%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 82001
Population: 37,955
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 82001
Schools in This ZIP Code
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 1,042 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
How does Cheyenne, WY stack up for property investment?
Cheyenne, WY stands at an investability rating of 3.0/5, with median home values near $352K and average rents around $1,410/mo. That combination puts it in the resilient tier for investor interest.
How strict are landlord regulations in Cheyenne, WY?
Rental owners in Cheyenne, WY deal with a landlord-friendly legal framework. Most standard eviction processes run on reasonable timelines.
What do landlords charge for rent in Cheyenne, WY?
Rent in Cheyenne, WY is around $1,410/mo. The resulting rent-to-value relationship with $352K pricing is reasonable for most investor models.
Which real estate strategy fits Cheyenne, WY?
Investors who focus on careful cash-flow rentals with hands-on management typically do well in Cheyenne, WY. The numbers - $352K homes against $1,410/mo rents - support that play.
Is Cheyenne, WY a good market for FHA house hackers?
Cheyenne, WY offers a challenging house-hacking opportunity. Small multifamily or rent-by-the-room plays can pair well with the $1,410/mo rent level.
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How 82001 ranks in Cheyenne, WY
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