Home price forecast (1 year):* 4.7%
The city has attracted some new employers in recent years, giving the local economy a boost. Cheyenne's job market is also tied to the city's status as state capital, which has kept area unemployment below the national rate.
Cheyenne was one of the few metro areas that recorded home price gains in the past three years, and population growth should help drive up home prices further. The number of city residents jumped by double digits during the 2000s and will probably do so again in the coming decade. That will provide a steady demand for housing, and prices are projected to grow by about 5.5% through 2012.
Is this a good time to buy a home in Cheyenne?