Median Home Price
$376,644.69
Median Rent
$1,373.47/mo
Price-to-Rent Ratio
22.9
Property Tax RateTIE
0.61%
Price Change (1Y)
+3.1%
Price Change (5Y)
+15.7%
Break-Even YearsTIE
N/A
10-Year Wealth Difference
$204,046
Median Home PriceBETTER
$287,105.24
Median RentBETTER
$1,178.83/mo
Price-to-Rent RatioBETTER
20.3
Property Tax RateTIE
0.61%
Price Change (1Y)BETTER
+4.1%
Price Change (5Y)BETTER
+20.4%
Break-Even YearsTIE
N/A
10-Year Wealth DifferenceBETTER
$108,727
Key Differences
Home Prices
Cheyenne's median home price of $376,644.69 is higher than Rock Springs's $287,105.24 by 31%.
Monthly Rent
Renting in Cheyenne costs $1,373.47/mo compared to $1,178.83/mo in Rock Springs—a difference of $194.64/mo.
Buy vs Rent Verdict
Both cities currently favor renting.
Break-Even Timeline
Break-even analysis varies based on market conditions in each city.