Cheyenne County, Colorado home prices
Typical home $196,246 · +2.9% in a year · property tax 0.47%
The typical home in Cheyenne County is worth $196,246, 63% less than the Colorado typical home ($529,013). Values changed +2.9% in the past year and +41.3% over five years. Homeowners here pay a median 0.47% of their home's value in property tax each year ($928 on the typical home), versus 0.52% statewide.
Mortgage on the typical Cheyenne County home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $39,249 | $156,997 | $1,056 | $0 | $175 | $1,232 | $52,800 |
| 10% down | $19,625 | $176,621 | $1,188 | $74 | $175 | $1,437 | $61,600 |
| 5% down | $9,812 | $186,434 | $1,254 | $78 | $175 | $1,507 | $64,600 |
| 3.5% down (FHA) | $6,869 | $192,691 | $1,296 | $87 | $175 | $1,559 | $66,800 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.47% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
What it takes: see what you can afford by salary in Colorado.
Colorado counties with similar prices
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Costilla County | $180,906 | -5.4% | 0.32% |
| Conejos County | $212,372 | +1.3% | 0.4% |
| Sedgwick County | $172,249 | -1.9% | 0.45% |
| Prowers County | $169,863 | -1.6% | 0.3% |
| Kiowa County | $163,266 | -5.4% | 0.58% |
| Kit Carson County | $233,624 | +3.2% | 0.49% |
| Otero County | $158,183 | -6.3% | 0.31% |
| Las Animas County | $238,422 | -5.3% | 0.23% |
| Crowley County | $153,588 | -7.9% | 0.45% |
| Saguache County | $241,669 | -3.5% | 0.32% |
Frequently asked questions
What is the average home price in Cheyenne County, CO?
The typical home value in Cheyenne County is $196,246 (Zillow Home Value Index, September 2026).
How much do you need to earn to buy a house in Cheyenne County?
About $52,800 a year for the typical home with 20% down at a 7.11% 30-year rate.
What is the property tax rate in Cheyenne County?
The median effective rate is 0.47% of home value a year (Census ACS 2024 5-year estimates).