I had the opportunity recently to give a Laramie County and Cheyenne real estate market update to the Laramie County Workforce Advisory Group.
Everyone agrees our area is growing with people moving in from Colorado, Oregon and other places. Cheyenne is a historic icon of our country’s Wild West, we have long attracted the hard working and strong willed folks. Today Cheyenne is growing, but maintains its kind spirit and traditions. In our RE/MAX Capitol Properties “Why Cheyenne” video series, almost every participant mentions the reason why they love Cheyenne is because of “the people.” We have amazing people here in Cheyenne!
Cheyenne is expected to grow at a rate of approximately two percent, per year in the near future. Taking our current population of approximately 60,000 to 135,000 by 2030. Why is this important to those of us in the real estate industry and land development? The median age for Laramie County is also rising according to the US Census. It has changed from 26.7 in 1960 to 37 in 2010, indicating the aging of “Baby Boomers” and a growing population of seniors, therefore demanding age-appropriate housing.
What jobs are in Laramie County? Major employers include F.E. Warren Air Force Base, Wyoming Military (Guard), the State of Wyoming, the U.S. Government, Laramie County School District #1, Cheyenne Regional Medical Center and Union Pacific Railroad. Manufacturing and logistic businesses also employee many residents; Lowe’s Distribution Center, Sierra Trading Post, Echo Star Communications, Microsoft Data Center and Wal-Mart Distribution Center.
What industries are in Laramie County? Wyoming has long been known as a major mineral provider. The recent changes with coal are being somewhat replaced with, wind power generation, oil and gas exploration and production. The coal changes have been troubling for other Wyoming communities, but Cheyenne has been able to be more diversified with other industries.
The Colorado front range has a rapidly growing tech economy driving substantial economic growth in the region. For the latest details on Economic Indicators for Greater Cheyenne, please refer to the latest report from the Wyoming Center for Business & Economic Analysis at Laramie County Community College.
What types of entertainment are in Cheyenne? Cheyenne Botanic Gardens, Historic buildings, excellent museums, during the summer there a variety of live music opportunities on the Depot Plaza, our Civic Center brings amazing performances to town, close proximity to top mountain bike trails, and of course, Cheyenne Frontier Days, “the Daddy of ‘Em All”, the world’s largest outdoor rodeo and western celebration.
If you are considering a move to Cheyenne, we’d welcome the opportunity to be your resource. Connect with us today at 307-635-0303 or online. We can show you around town, help you determine your home buying needs, wants, timeline and budget. We can also help you get your business moved to Cheyenne. We have a friendly business climate.