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.