Foreclosure Homes in Cheney, WA

Current Market Conditions in Cheney, WA

The real estate market in Cheney has been experiencing steady growth over the past year, with an increase in home values and demand for housing. The influx of students and families seeking access to Eastern Washington University contributes to a healthy rental market, alongside a growing desire for single-family homes by new residents looking for a quieter lifestyle away from Spokane.

As of late 2023, homes are selling slightly faster than the previous year, indicating a competitive market. The demand for affordable housing remains strong, especially among first-time homebuyers attracted by Cheney's community features and amenities.

Rent Prices In Cheney, WA

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Cheney, WA, is on a rollercoaster ride. The average rent price in Cheney, WA, is $1,375.00. Indeed, when looking to rent in Cheney, WA, you can expect to pay as little as $640.00 or as much as $2,860.00, with the average rent median estimated to be $1,350.00. The good news is that finding an affordable and desirable property to rent in Cheney, WA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.