Is Cheyenne County, CO good for real estate investing?

Cheyenne County has an investment score of 60/100, rated as "Buy". The county ranks #375 nationally among 1000 counties analyzed.

What is the median home price in Cheyenne?

The median home price in Cheyenne County is $184,946. This ranks #307 in affordability among all US counties.

Can you cash flow on rental properties in Cheyenne?

Based on median values with 20% down at current rates, a typical rental in Cheyenne County would generate positive cash flow of $0/month. Individual property performance varies based on purchase price, rent, and operating expenses.

Cheyenne County

ColoradoPopulation: 1,726

/100

Buy

#375 of 1,000 counties

#7 in Colorado (62 counties)

Analysis by RentalCalcs ResearchIndependent data + algorithm-driven scoring

Updated January 1, 2026Sources: Zillow ZHVI, Zillow ZORI, US Census ACS, Tax Foundation

Market Snapshot

$184,946

Median Home Price

19% below national median

$11,175/mo

Est. Rent

Based on regional data

6.04%

Rent-to-Price Ratio

Estimated from price data

+$0

Est. Monthly Cash Flow

With 20% down at 6.9% rate

Price History

Median Home Price

Median Rent

Historical data from Zillow ZHVI/ZORI

Score Breakdown

Overall Investment Score

60/100

Cash Flow(30%)

0/100

Rent data not available for cash flow calculation.

Appreciation(25%)

46/100

Based on -0.8% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)

50/100

Population data not available.

Affordability(20%)

88/100

Price-to-income ratio of 2.8x. Lower ratios indicate more affordable markets.

Scores are calculated using real Zillow home value and rent data, Census population data, and economic indicators. The weighted average produces the overall investment score. Markets with missing rent data use estimated values based on regional averages.

Investment Outlook

Strengths

+Affordable relative to local incomes

Challenges

-Declining home values (-0.8% YoY)
-Negative leverage (cap rate 0.0% < mortgage rate 6.9%)
-Limited rent data (estimates used)

Economic Indicators

Population

1,726

Median Income

$65,577

vs $54,921 national est.

Unemployment Rate

—

Data pending

Price-to-Income

2.8x

Very affordable

Who this market fits

Skip if

−You can't tolerate negative leverage (cap rate below mortgage rate today)
−You expect appreciation to carry the deal, but prices have declined year over year

Compare to Nearby Counties

County					Verdict
Rio GrandeCO	64	$317,505	Est. pending	—	Buy	View
Rio BlancoCO	63	$321,563	Est. pending	—	Buy	View
CurrentCheyenneCO	60	$184,946	Est. pending	—	Buy
LincolnCO	59	$251,407	Est. pending	—	Hold	View
ConejosCO	58	$204,068	Est. pending	—	Hold	View
PitkinCO	57	$2,497,315	$17,625	8.47%	Hold	View

Section 8 in Cheyenne County: payment standards by ZIP, PHA waitlist status, and voucher counts are on VoucherMatch, the same HUD dataset with the tenant demand side attached.

The Bottom Line

BuyCheyenne offers solid investment potential with roughly break-even cash flow at typical financing.

Cheyenne County in Colorado scores 60/100, ranking #375 of 1,000 US counties (top 48%). At 20% down and current rates, a median-priced rental roughly breaks even on cash flow. The deal works on appreciation or with better terms, not on month-one cash flow.

Monthly Cash Flow

+$0/mo

Cap Rate

0.0%

Cash-on-Cash

0.0%