Real estate market overview
Explore US City Cheney, WA - Real Estate Market Insights, Demographics, Crime, Trends & Hotspots
Cheney, WA market overview shows a median price of $373,000, a total population of 12,381.
- Pulse Score
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- Cap Rate
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- Investor Friendly Score
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- Median Price
- $373,000
Market Insights
With only 2.5 months of inventory, Cheney remains a seller's market. The median home price in Cheney currently stands at $373,000. With 2.5 months of supply, Cheney's inventory levels remain relatively tight. Homes are now taking an average of 54 days to sell, significantly longer than the 35 days typical for this market. A significant 30.0% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 50.0% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Cheney market with the affordability index at 219.4. Based on current market indicators, home prices in Cheney are projected to decrease by approximately 5.5% over the next month.
Demographic Data
| Reported group | Population |
|---|---|
| White population | 9,979 |
| Black population | 535 |
| Asian population | 413 |
| Hawaiian | 0 |
| Samoan | 0 |
| Chamorro | 31 |
| Fijian | 0 |
| Marshallese | 0 |
| Asian indian | 13 |
| Asian bangladeshi | 0 |
| Asian chinese | 166 |
| Asian bhutanese | 0 |
| Asian burmese | 0 |
| Asian filipino | 78 |
| Asian hmong | 0 |
| Asian indonesian | 0 |
| Asian japanese | 46 |
| Asian korean | 42 |
| Asian laotian | 0 |
| Asian malaysian | 0 |
| Asian mongolian | 0 |
| Asian nepalese | 0 |
| Asian pakistani | 0 |
| Asian srilankan | 0 |
| Asian taiwanese | 0 |
| Asian pakistani | 0 |
| Asian srilankan | 0 |
| Asian taiwanese | 0 |
| Asian thai | 0 |
| Asian vietnamese | 34 |
| Hispanic latino | 1,556 |
| Mexican | 1,359 |
| Puerto rican | 33 |
| Cuban | 14 |
| Dominican | 5 |
| Salvadoran | 0 |
| Costa rican | 0 |
| Gautemalan | 39 |
| Honduran | 0 |
| Nicaraguan | 0 |
| Panamanian | 0 |
| Argentinean | 7 |
| Bolivian | 0 |
| Chilean | 0 |
| Colombian | 0 |
| Ecuadorian | 0 |
| Peruvian | 0 |
| Uruguyan | 0 |
| Venezuelan | 0 |
| Total Population | 12,381 |
Crime for City - Cheney, WA
| Category | Reported incidents |
|---|---|
| Property crime | 43 |
| Assault | 60 |
| Robbery | 3 |
| Sex offenses | 1 |
| Others | 2 |
Real Estate Market Prediction for - Cheney, WA
Median Sale Price Trend
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- Average Price:
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- Average Rating:
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Does a rental pencil out in Cheney, WA?
A median-priced home ($373,000) at the average rent ($954/mo), with 25% down at 7.25%, after property tax, insurance, vacancy, repairs, reserves and management.
- Cash flow on a median home
- $-1,755/mo
- Cash-on-cash return
- -20.2%
- DSCR
- 0.08
- Rent needed for a 1.25 DSCR
- $3,992/mo
- Landlord insurance, hazard-adjusted
- $3,294/yr
Run it with your own numbers in the free DSCR calculator. Read the methodology and default assumptions.
Nearby locations
Related analysis
FAQ about Cheney, WA
What is the real estate market like in Cheney, WA?
PulseReal aggregates median sale price, cap rate, rental yield, and inventory trends for Cheney, WA from active MLS listings and short-term rental performance data. The median price on this page is $373,000. The population figure on this page is 12,455. Browse the live cards above for the current Pulse Score, cap rate, investor-friendly score, and median price.
How is the Pulse Score for Cheney, WA calculated?
The Pulse Score combines property value appreciation, rental income potential, market liquidity, demographic trends, and crime/safety signals into a single 0–100 grade. Higher scores indicate stronger investor fundamentals.
Is Cheney, WA a good place to invest in real estate?
Investment quality depends on your goals. Use the cap rate, investor-friendly score, demographic insights, and crime data on this page to evaluate Cheney, WA for buy-and-hold, fix-and-flip, or short-term rental strategies.
Where does PulseReal’s data for Cheney, WA come from?
Our analysis combines public datasets (US Census Bureau, FBI Uniform Crime Reporting, HUD, BLS) with proprietary short-term rental performance and active MLS feeds, refreshed on a regular cadence.
How can I see crime, school, and short-term rental data for Cheney, WA?
Use the “Related analysis” section on this page to jump to the dedicated crime report, school ratings, and state-level short-term rental market analysis for Cheney, WA.
Sources & further reading
Check the underlying sources alongside the published figures and methodology.
- FBI Crime Data Explorer — official UCR crime statistics by state and agency.
- US Census Bureau — population, demographics, housing and income.
- HUD Market Data — affordability, fair-market rents and market reports.
- PulseReal methodology — formulas and data sources.
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