Cheyenne WY Rental market
Hello BP, I'm looking for my first deal (buy and hold) and I having been looking at Cheyenne WY. Just checking if anyone is currently renting in that market? Trying to find out how the rental market is there.
Most Popular Reply
Hi David. Rents have steadily increased in recent years. There is a strong new-construction pipeline, but rent demand is keeping up or even outpacing supply. I haven't seen anything close to the 1% rule in MLS, but people are finding a few good deals. I have a couple properties that are moderate for cash-flow, but good for appreciation. Appreciation in Cheyenne is over 5% per year by most metrics.