Real Estate Appreciation for Cheyenne, Wyoming: + 32.16%
Appreciation for MSAs:.
Let's start by comparing Cheyenne, Wyoming to the rest of the state. This will give us an idea if the appreciation here was isolated or happened across the state.
We have appreciattion of + 32.16% (+ 8.04% yearly) for the Cheyenne, Wyoming MSA.
The entire state of WY had + 39.76% appreciation (+ 9.94% yearly).
The state average for Wyoming was higher than the real estate appreciation in the Cheyenne, Wyoming MSA. This means the conditions in the MSA for real estate investment were worse by + 23.62%.
Cheyenne-WY
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 2002 | 2 | 134.37 | + 0.30% | + 1.19% |
| 2002 | 3 | 137.52 | + 2.34% | + 9.38% |
| 2002 | 4 | 139.32 | + 1.31% | + 5.24% |
| 2003 | 1 | 139.58 | + 0.19% | + 0.75% |
| 2003 | 2 | 144.34 | + 3.41% | + 13.64% |
| 2003 | 3 | 146.9 | + 1.77% | + 7.09% |
| 2003 | 4 | 149.15 | + 1.53% | + 6.13% |
| 2004 | 1 | 152.93 | + 2.53% | + 10.14% |
| 2004 | 2 | 156.77 | + 2.51% | + 10.04% |
| 2004 | 3 | 162.4 | + 3.59% | + 14.36% |
| 2004 | 4 | 165.44 | + 1.87% | + 7.49% |
| 2005 | 1 | 168.49 | + 1.84% | + 7.37% |
| 2005 | 2 | 169.1 | + 0.36% | + 1.45% |
| 2005 | 3 | 174.49 | + 3.19% | + 12.75% |
| 2005 | 4 | 177.06 | + 1.47% | + 5.89% |
If you feel like property in this area is good for investment, you may want to consider looking at some fixer up properties to rehab. Rehabbing proeprty can help maximize your profits since you can usually buy a house that needs work at a reduced price. If you want information on a Hard Money Rehab Loan in Cheyenne, Wyoming click on Spec-Loan.com. The right financing can make all the difference when rehabbing property. Not all lenders will allow you to purchase a home that needs work. Make sure you look at all of the appreciation data we have for Cheyenne, Wyoming.
If you were going to do a Cheyenne, Wyoming Refinance, or Cheyenne, Wyoming Reverse Mortgages, you could estimate your home value.
If you knew your Cheyenne, Wyoming home was worth $107,000.00 in 2002, you could multiply by + 32.16%, add the gain and see the home should be worth $141,415.39 in 2005. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Cheyenne-WY from 2002 to 2005:
+ 8.04%
Appreciation Comparisons
For a 4 year period, the top 5 performing MSAs of all time are Bakersfield-CA, Fresno-CA, Madera-CA, Riverside-San-Bernardino-Ontario-CA, and Bakersfield-CA .
- Bakersfield-CA increased +116.36% from 2002 thru 2005
- Fresno-CA increased +116.09% from 2002 thru 2005
- Madera-CA increased +114.32% from 2002 thru 2005
- Riverside-San-Bernardino-Ontario-CA increased +112.60% from 2002 thru 2005
- Bakersfield-CA increased +110.89% from 2003 thru 2006
Zip Code in MSA: 82002 - CHEYENNE, WY
MSA Pop: 84083Zip Pop: 0
Avg Value: 0
County: LARAMIE
Elev: 6062
Region: West
Lat: 41.1398
Long: -104.82218