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Cheyenne Wells, CO
Full City Profile · Colorado · Cheyenne County County
3.2
/5.0
B
Good
949
Population
887/sq mi density
$61,705
Median Income
$35,794 per capita
$159,800
Home Value
$180,332 Zillow
$867
Median Rent
17.5% income on rent
53°F
Avg Temperature
330 sunny days/yr
329
Violent Crime/100K
1,825 property/100K
B
Overall
3.2 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.9 / 5.0
$61,705 median income, 0.4% unemployment
A+
Affordability
5.0 / 5.0
$159,800 home value, $867/mo rent
F
Safety
1.0 / 5.0
329 violent crimes/100K
B
Education
3.1 / 5.0
25.9% bachelor's degree or higher
Housing Overview
Median Home Value
$159,800
43% below
US avg: $281,900
Median Rent
$867/mo
25% below
US avg: $1,163/mo
Homeownership Rate
69.6%
6% above US avg (65.4%)
Total Housing Units
506
Median year built: 1967
Home Value by Source
Census Median
$159,800
Zillow (ZHVI)
$180,332
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
69.6%
Owner-Occupied
30.4%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$1,083/mo
1 Bedroom
$1,161/mo
2 Bedroom
$1,429/mo
3 Bedroom
$1,861/mo
4 Bedroom
$2,178/mo
Census median rent:
$867/mo
Affordability & Housing Stock
Rent Burden
17.5%
of renters spending 30%+ of income on housing
44% below US avg (31.0%)
Median Year Built
1967
Average age of housing stock: 59 years
Homeownership Rate
69.6%
Complete Housing Data
Home Values
| Census Median Value | $159,800 |
| Zillow Home Value (ZHVI) | $180,332 |
Rent
| Census Median Rent | $867 |
| FMR Studio | $1,083 |
| FMR 1-Bedroom | $1,161 |
| FMR 2-Bedroom | $1,429 |
| FMR 3-Bedroom | $1,861 |
| FMR 4-Bedroom | $2,178 |
Market
Ownership & Stock
| Owner-Occupied | 69.6% |
| Renter-Occupied | 30.4% |
| Homeownership Rate | 69.6% |
| Total Housing Units | 506 |
| Median Year Built | 1967 |
| Rent Burden | 17.5% |