Metro area index
Home appreciation in the Cheyenne, WY metro area
FHFA HPI® data shows the Cheyenne, WY metro area's all-transactions index changed +5.2% over the year to Q2 2026, versus +3.7% for Wyoming and +3.0% for the U.S. That ranks 94th of 410 metro areas and divisions FHFA tracks.
- 1-year change
- +5.2%
- 5-year change
- +37.7%
- Since Q1 1995
- +317%
- Metro rank (1 year)
- 94th
U.S. +3.0%
U.S. +41.3%
U.S. +292%
of 410
Cheyenne, WY vs Wyoming and the U.S.
FHFA HPI® all-transactions index, rebased so Q1 1995 = 100, through Q2 2026
- Cheyenne, WY: 417.0
- Wyoming: 423.0
- United States: 391.6
Appreciation by time window
| Window | Metro | WY | U.S. | Gap vs WY | Gap vs U.S. |
|---|---|---|---|---|---|
| 1 year | +5.2% | +3.7% | +3.0% | +1.5 pts | +2.1 pts |
| 3 years | +14.8% | +14.3% | +12.9% | +0.5 pts | +2.0 pts |
| 5 years | +37.7% | +41.6% | +41.3% | −4.0 pts | −3.6 pts |
| 10 years | +89.1% | +76.2% | +93.3% | +12.9 pts | −4.3 pts |
| Since Q1 1995 | +317% | +323% | +292% | −6.0 pts | +25.5 pts |
3-digit ZIP regions in the Cheyenne, WY area
Regions with at least 10% of their 2010 population inside the metro, largest overlap first. A 3-digit ZIP region can extend beyond the metro boundary.
| 3-digit ZIP region | State | 1 year | 5 years | Since Q1 1995 | Population in metro |
|---|---|---|---|---|---|
| 820 · Cheyenne, WY area | WY | +4.9% | +39.3% | +319% | 72% |
Boom, bust, and recovery in Cheyenne, WY area
Cheyenne, WY area's index peaked in Q2 2008, fell 3.0% to its low in Q4 2009, and regained its peak in Q2 2012, about 4 years after the top. Today it sits +120% versus that 2000s peak. How every state and ZIP region fared
| Area | 2000s peak | Low point | Peak to low | Back to peak | Today vs peak |
|---|---|---|---|---|---|
| Metro | Q2 2008 | Q4 2009 | -3.0% | Q2 2012 (4 yrs) | +120% |
| WY | Q2 2008 | Q2 2011 | -7.7% | Q3 2014 (6.2 yrs) | +85.3% |
| U.S. | Q1 2007 | Q2 2012 | -19.0% | Q4 2016 (9.8 yrs) | +89.3% |
Appreciation after inflation
Adjusting for consumer price inflation, Cheyenne, WY area's index has changed +88.3% in real terms since Q1 1995. Home prices vs inflation
| Window | Inflation (CPI-U) | Metro after inflation | WY after inflation | U.S. after inflation |
|---|---|---|---|---|
| 1 year | +3.9% | +1.3% | -0.2% | -0.8% |
| 3 years | +9.8% | +4.6% | +4.1% | +2.8% |
| 5 years | +24.0% | +11.0% | +14.2% | +13.9% |
| 10 years | +39.1% | +35.9% | +26.7% | +39.0% |
| Since Q1 1995 | +121% | +88.3% | +91.1% | +76.8% |
If you bought in the Cheyenne, WY area in…
An example $300,000 purchase grown at the metro index rate to Q2 2026.
| Bought in | Index change | $300,000 then, at the metro rate |
|---|---|---|
| Q2 1995 | +315% | $1,245,208 |
| Q2 2000 | +245% | $1,036,160 |
| Q2 2005 | +149% | $745,788 |
| Q2 2010 | +126% | $676,505 |
| Q2 2015 | +99.1% | $597,165 |
| Q2 2020 | +52.5% | $457,543 |
| Q2 2021 | +37.7% | $412,986 |
| Q2 2023 | +14.8% | $344,483 |
| Q2 2025 | +5.2% | $315,470 |
Frequently asked questions
- How much have home prices risen in the Cheyenne, WY area?
- FHFA HPI® data for the Cheyenne, WY metro area shows changes of +5.2% over one year, +37.7% over five years, and +89.1% over ten years to Q2 2026, and +317% since Q1 1995.
- Is the Cheyenne, WY area beating the national average?
- Over the past year the metro's index moved +2.1 pts versus the U.S.; over five years the gap is −3.6 pts.
- What area does this metro index cover?
- FHFA computes metro indexes using the counties in each OMB-defined metropolitan statistical area. The index covers the whole area, so individual neighborhoods and homes can differ from it.