Cheyenne vs Gillette
Side-by-side rent vs buy analysis comparing these two markets
Overall Comparison
Gillette has an edge
Gillette currently favors renting, with better rent-to-price dynamics.
Median Home Price
$376,644.69
Median RentTIE
$1,373.47/mo
Price-to-Rent Ratio
22.9
Property Tax RateTIE
0.61%
Price Change (1Y)BETTER
+3.1%
Price Change (5Y)BETTER
+15.7%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$204,046
Median Home PriceBETTER
$329,077.13
Median RentTIE
$1,360.9/mo
Price-to-Rent RatioBETTER
20.2
Property Tax RateTIE
0.61%
Price Change (1Y)
-1.1%
Price Change (5Y)
-5.3%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
$188,118
Key Differences
Home Prices
Cheyenne's median home price of $376,644.69 is higher than Gillette's $329,077.13 by 14%.
Monthly Rent
Renting in Cheyenne costs $1,373.47/mo compared to $1,360.9/mo in Gillette—a difference of $12.57/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.
Run Your Own Numbers
This comparison uses median values. Your income, savings, and goals matter. Use our Buy vs Rent calculator to get a personalized analysis.