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Cheyenne Wells

Learn about the people, housing, costs and businesses in Cheyenne Wells, Colorado

Median Home$187,500
Median Rent$926/month
Population755
Leading IndustriesConstruction · Agriculture & Mining · Information & Media15% construction
Family-Friendly22% of residents
Homeowners73% of occupied units
Cheyenne Wells
CO

Frequently Asked Questions

What are today's mortgage rates in Cheyenne Wells?

As of today, the 30-year fixed mortgage rate for Cheyenne Wells is approximately 6.963% (7.002% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Cheyenne Wells?

The median home value in Cheyenne Wells is $188k. The median monthly rent is $926. Annual property taxes average $887. Home values are based on U.S. Census Bureau American Community Survey estimates.

How much income do you need to buy a home in Cheyenne Wells?

Based on a typical all-in ownership cost of $761/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $33k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Cheyenne Wells is $71k/year.

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What industries drive the economy in Cheyenne Wells?

The largest employment sectors in Cheyenne Wells are public administration (25%) and agriculture and mining (17%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.