Housing in Cheney, WA
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$415,000
Median List Price
$467,495
Price Per Sq Ft
$267
Days on Market
55
Active Inventory
22
Months of Supply
11.0
Buyer's market
Zillow Home Value
$410,767
ZHVI — January 2026
Zillow Rent Index
$1,541
ZORI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
0.0%
Off Market in 2 Weeks
9.1%
Sale-to-List Ratio
98.5%
Buyer's market
Market Activity
Source: RedfinHomes Sold
2
New Listings
18
Pending Sales
11
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$267
Median List $/SF
$251
Cheney vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with 10,000 - 25,000 residents. Cheney is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$330,300
Median Rent
$1,075
Total Housing Units
5,051
Vacancy Rate
4.5%
Owner Occupied
31.0%
Renter Occupied
69.0%
Median Property Tax
$2,852
per year
Monthly Cost (w/ Mortgage)
$1,274
Housing Types
The current median sale price in Cheney, WA is $415,000 according to Redfin data. Homes spend a median of 55 days on the market. 0.0% of homes sold above asking price. The market has 11.0 months of supply. The median price per square foot is $267. Zillow's observed rent index is $1,541/month. About 31.0% of housing units are owner-occupied. The median year homes were built is 1989. There are 5,051 total housing units.