To summarize the 2026 housing market in Cheyenne, Wyoming, the median home price is around $365,000, and the market continues to favor sellers amid ongoing supply shortages. Data shows that inventory is only 1.4 months, and the time on the market is relatively quick at 27 days. The year-over-year price change is 0.04%, indicating stability, but demand remains strong.

According to data compiled by Houzeo as of March 2026, the median home sale price in Cheyenne is $364,999. The 30-year fixed mortgage rate is around 6.23%, and it is expected to fluctuate between 6.0% and 6.8% this year. In March, about 174 homes were on the market, with 126 actually sold. The inventory level has decreased by 0.13% compared to the previous year, indicating continued supply pressure.

According to the Q1 2026 Wyoming real estate market report by Jakenfinance Group, the median home price in the Cheyenne metro area reached $385,000 at the end of the quarter, marking a 7.2% annual increase. The price-to-income ratio is 3.8, significantly lower than the national average of 5.2. This data suggests that Cheyenne remains a relatively affordable market.

• Median home price (March 2026): $364,999 (according to Houzeo)
• Median home price (end of Q1 2026): $385,000 (according to Jakenfinance Group)
• Year-over-year price change: +0.04% (Houzeo) / +7.2% (Jakenfinance)
• Inventory level: 1.4 months (as of March 2026)
• Average time on the market: 27 days
• 30-year fixed mortgage rate: approximately 6.23%
• New construction permit growth rate: +22% year-over-year

Two notable factors on the demand side are the influx of migrants from Colorado and the stable demand from military personnel and their families stationed at F.E. Warren Air Force Base. Despite a 22% increase in new construction permits, supply is not keeping up with demand, and significant inventory relief is not expected until late 2026.

Regarding price forecasts, several institutions predict that Cheyenne home prices will rise an additional 2-4% in 2026. While mortgage rates may ease slightly and wage growth continues, improving purchasing power, downward pressure on prices will remain limited as long as inventory shortages persist. The current market structure combines supply constraints with strong real demand, suggesting a likelihood of gradual stabilization rather than a sharp decline in the short term.

(Source: Houzeo Cheyenne WY Housing Market 2026, Jakenfinance Group Wyoming Real Estate Market Report Q1 2026, Redfin Cheyenne Housing Market, 2026 / This article is not investment or legal advice, and it is recommended to consult a professional before making any actual contracts.)