Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$172,864+6.7% YoY · prices are rising fast
Market right nowBalanced, leaning sellersFewer homes for sale than last year, 11% have cut their price
Income needed to buy, per year$37,473About 0.6× the local median income ($63,179): affordable for a typical household
Days on market82 daysSlower than a year ago: buyers have time to negotiate
The typical home in Cheyenne County, NE is worth $172,864, up 6.7% from a year ago. That is well above what local incomes have historically supported: fair value is about $150,328, so the area is 15.0% overvalued. It is a balanced market, leaning toward sellers: homes take about 82 days to sell, listings are down 26% from a year ago, 11% of listings have had a price cut. A household needs about $37,473 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $63,179. In the latest IRS figures, 19 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$172,864
Change in 1 year
+6.7%
Overvalued %
+15.0%
Show 6 more
Fair home value
$150,328
Change in 5 years
+42.7%
Home value to income
2.7×
Monthly mortgage payment (20% down)
$937
Income needed to afford it
$37,473
Property tax rate
1.65%
Rent and investing
HUD Fair Market Rent, 2 bedrooms
$1,134
Market activity
Listings vs a year ago
−25.8%
Days on market
82
Listings with a price cut
11.3%
Show 3 more
Homes for sale
49
Pending sales per 100 listings
16
Asking price per sq ft
$97
People and jobs
Median household income
$63,179
Population change (1 year)
−0.1%
Unemployment rate
3.4%
Show 4 more
Population
9,528
Income adjusted for cost of living
$73,209
Net moves in (IRS)
+19
Cost of living (US = 100)
86.3
Schools, risk and environment
School rating (1 to 10)
5.9
FEMA hazard risk score (0 to 100)
27.8
Flood risk score
27.7
Show 3 more
Wildfire risk score
43.4
Walkability (1 to 20)
7.6
Road, rail and air noise
52 dB
Questions people ask
Is Cheyenne County, NE overvalued?
Home prices in Cheyenne County, NE are well above what local incomes have historically supported: fair value is about $150,328, so the area is 15.0% overvalued.
Is Cheyenne County, NE a buyer's or seller's market?
Cheyenne County, NE is a balanced market, leaning toward sellers: homes take about 82 days to sell, listings are down 26% from a year ago, 11% of listings have had a price cut.
Are home prices going down in Cheyenne County, NE?
Home values in Cheyenne County, NE are up 6.7% over the last year.
How much do you need to earn to buy a home in Cheyenne County, NE?
A household needs about $37,473 a year to afford the typical home in Cheyenne County, NE at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $63,179.