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Zip Code 82001

Cheyenne, WY • Laramie County

Real Estate Market Analysis

Q3 2025 Report
$350,000 (May 2025, up 6.1% YoY)[1]
Median Home Value
Estimated 40,000-45,000 in 82001 (Cheyenne total ~65,000; inferred)
Population
$65,000-$70,000 (Cheyenne median: $69,000; inferred)
Median Income
Above average for Wyoming (statewide rankings)
School District Rating

Market Statistics

Property Values

$350,000 (May 2025, up 6.1% YoY)[1]
Median Home Value
Data not specified for 2025; typical rents in Cheyenne range from $1,200-$1,600 for 3BR units (inferred from market norms)
Median Rent
$189 (June 2025)[2]
Price per Sq Ft

Market Performance

Home Appreciation6.1% YoY (May 2025)[1]
Market VelocityHomes sell after an average of 23 days (May 2025)[1]
Foreclosure RateNot specified; Wyoming overall has low foreclosure rates (inferred from state trends)

Area Information

Area SizeLarge urban area for Wyoming
CountyLaramie
Primary CityCheyenne

Housing Profile

Housing Statistics

Total Housing UnitsNot specified for 2025; Cheyenne typically has 25,000+ units (inferred)
Owner OccupiedEstimated 65-70% (inferred from Cheyenne norms)
Rental PropertiesEstimated 30-35% (inferred)
Vacant UnitsLow vacancy, under 5% (inferred from tight market conditions)[4]
New ConstructionNew listings are up slightly but not enough to meet demand[4]

Housing Types

Single-family homesTownhomesCondosHistoric properties

Demographics

Estimated 40,000-45,000 in 82001 (Cheyenne total ~65,000; inferred)
Population
Mid-30s (Cheyenne median: 36)
Median Age
$65,000-$70,000 (Cheyenne median: $69,000; inferred)
Median Income
Unemployment under 4% (Cheyenne/Laramie County)
Employment Rate
High school grad or higher: 92%; Bachelor's or higher: 28% (Cheyenne norms)
Education Levels
Mix of families, singles, and retirees; strong military and government presence
Family Composition

Education Quality

School District Performance

Above average for Wyoming (statewide rankings)
District Rating
School DistrictLaramie County School District #1
Test ScoresSlightly above state average (inferred)
Graduation Rates~85-90% (district average)

Schools in Area

  • East High School
  • Central High School
  • Carey Junior High
  • Pioneer Park Elementary

Economic Factors

Employment & Business

Job GrowthSteady, 1-2% annually (inferred from Cheyenne trends)
Unemployment Rate~3.5% (Laramie County, 2025)
Business EnvironmentPro-business, low taxes, strong government/military sector
Commercial ActivityActive downtown, retail, logistics, and healthcare sectors

Major Employers

  • State of Wyoming
  • F.E. Warren Air Force Base
  • Cheyenne Regional Medical Center
  • Laramie County School District #1
  • Union Pacific Railroad

Infrastructure & Quality of Life

Infrastructure

Transportation Access

  • • Interstate 25
  • • Interstate 80
  • • Cheyenne Regional Airport
  • • Public transit (Cheyenne Transit)

Utilities & Services

  • • City water/sewer
  • • Electricity (Black Hills Energy)
  • • Natural gas
  • • Trash/recycling

Quality of Life

Safety & Environment

Moderate for Wyoming; lower than national average but higher than rural areas

Good air quality, low pollution, semi-arid climate

Healthcare Access

  • • Cheyenne Regional Medical Center
  • • VA Medical Center

Development Trends

Planned Developments

  • New subdivisions east of city
  • Downtown mixed-use projects

Infrastructure Projects

  • • Road expansions
  • • Downtown revitalization

Investment Outlook

Growth Outlook

Moderate, steady growth expected through 2026

Investment Opportunities

  • • Single-family rentals
  • • Downtown commercial properties
  • • New construction homes

Marketing Intelligence

Target Demographics

  • Military families
  • Government employees
  • Young professionals
  • Retirees

Competitive Advantages

  • Low taxes
  • Stable job base
  • Affordable compared to Front Range CO

Pricing Strategies

Price competitively near median; highlight value vs. Colorado markets

Common Objections & Response Strategies

Objection: Prices are rising too fast.

Response Strategy:

Emphasize continued appreciation and lower cost vs. Colorado.

Objection: Limited inventory and bidding wars.

Response Strategy:

Advise on strong offers, pre-approval, and flexibility in criteria.

Objection: Concerns about Wyoming winters.

Response Strategy:

Highlight city snow removal, infrastructure, and community support.

Professional Recommendations

1

Advise buyers to get pre-approved and act quickly due to low inventory

2

Highlight Cheyenne's affordability and job stability vs. Colorado

3

Promote both historic and new-build options to appeal to diverse buyers

4

Educate sellers on pricing for quick sales and multiple offers

5

Network with military and government relocation programs

Competitive Analysis

Comparable Markets

  • 82009 (north Cheyenne)
  • 82007 (south Cheyenne)
  • Fort Collins, CO

Market Positioning

Affordable, stable, and growing urban market in Wyoming

Competitive Advantages

  • Lower prices than Colorado Front Range
  • Stable government/military employment

Price Comparison

82001 median ($350K) is lower than 82009 ($400K+) and much lower than Fort Collins, CO ($550K+)

Investment Metrics

5-6% typical for SFR rentals (inferred from rents and prices)
Cap Rates
5-6% gross yield (inferred)
Rental Yields
~16-18 (inferred from $350K median and $1,600/mo rent)
Price-to-Rent
Positive cash flow possible with 20% down and market rents
Cash Flow
4-6% annually through 2026 (inferred from recent trends)
Appreciation

Buyer Journey Insights

First-Time Buyers

Competitive but accessible; FHA/VA options common

Move-Up Buyers

Good selection in $350K-$500K range; new construction available

Downsizers

Historic homes and condos downtown appeal

Investors

Strong rental demand, especially near AFB and downtown

Relocators

Popular for Colorado transplants seeking affordability

This zip code analysis was generated using comprehensive market data and AI intelligence.

Market conditions change rapidly - consult with local real estate professionals for the most current information.