Buying Actually Ends Up Being Less Expensive!
Should you rent or should you buy your home? It takes more than looking at your mortgage payment to answer this question. This calculator helps you weed through the fees, taxes, and monthly payments to help you make a good financial decision. Click the “View Report” button for a detailed look at the results.*
Cheyenne Average Mortgage Payment
Mortgage payments will have many variations that can change the monthly payment amount greatly. So we are using the average price for homes sold in July 2017. We are using $244,912 as the average sold price according to the MLS. Average interest rate in Cheyenne is , and we are taking out a 30 year mortgage with 10% down. Your monthly payment would be approximately $1,360 which includes PMI, Home Insurance and Property Taxes.
$1,360 for a very lovely home with 3+ bedrooms, 2 baths, 1/3 ac. lot and it’s all yours!
|RESIDENTIAL LISTING AVERAGE SOLD – July 2017||HIGH||LOW||AVERAGE||MEDIAN||TOTAL PRICE|
|Listing Count||1||Days on Market||560||0||49||21||SOLD PRICE||$620,000||$11,500||$244,912||$228,500||$45,535,033|
Cheyenne Average Rent
As of July 2017, average rent for an apartment in Cheyenne, WY is $786 which is a 3.18% increase from last year when the average rent was $761 , and a 2.54% increase from last month when the average rent was $766.
One bedroom apartments in Cheyenne rent for $639 a month on average (a 2.66% increase from last year) and two bedroom apartment rents average $742 (a 2.43% decrease from last year). One of the differences between having a mortgage payment or a rental payment is that the rental company can increase your rent at any time for any reason. Mortgage payment stay consistent and they even go down once you have 20% equity in your property and you are no longer paying PMI insurance (see definitions below).
Due to the fact that most people do not list their rental units on the MLS, the information above is more accurate the what the MLS is providing.
|RENTAL UNITS RENTED – July 2017||HIGH||LOW||AVERAGE||MEDIAN||TOTAL PRICE|
|Listing Count||1||Days on Market||
*Information and interactive calculators are made available to you as self-help tools for your independent use and are not intended to provide investment advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
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F.E. Warren Info
List of US Air Force Bases
Century 21 Bell Real Estate
2103 Warren Avenue
Cheyenne, WY 82001
C21Connie @ Gmail.com