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Affordable
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These days, finding an affordable place to live in the Cheney area can be challenging. Home prices in Cheney are now at a median cost of $428,911, lower than the Washington average of $621,115.
The average cost of rent is $1,279/mo in Cheney, primarily driven by the current value of real estate in the Cheney area. In Cheney, 45.01% of households rent, and 31.27% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Cheney is $5,842 per month. Households that rent pay about 21.90% of their income on rent here. Cheney’s most expensive areas are in the southeastern regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Four Lakes, WA: equally priced homes
- Lakeland Village, WA: equally priced homes
- Marshall, WA: higher priced homes
- Medical Lake, WA: less expensive homes
- Fairchild AFB, WA: equally priced homes
- Spangle, WA: equally priced homes
- Tyler, WA: less expensive homes
- Airway Heights, WA: less expensive homes
- Espanola, WA: less expensive homes
- Fairchild Air Force Base, WA: equally priced homes
Cities with Similar Populations
- Deming, NM: less expensive homes
- San Jose, PR: less expensive homes
- La Canada Flintridge, CA: higher priced homes
- East Peoria, IL: less expensive homes
- East Liverpool, OH: less expensive homes
- East Hemet, CA: equally priced homes
- East Greenwich, RI: higher priced homes
- Dripping Springs, TX: higher priced homes
- Dover, FL: less expensive homes
- Dixon, CA: higher priced homes
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