The median home in Cheney, Washington is valued at $410,767, up 0.2% year over year. Typical monthly rent is $1,541, producing a price-to-rent ratio of 22.2x — well above the national average of 18x. Cheney is part of the Spokane-Spokane Valley, WA metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.
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Home Value$410,767
+0.2%
Rent$1,541/mo
AFFORDABILITYRenting $988/mo cheaper ($1,541 rent)6.50% 30yr, 20% down, county tax + WA ins. 28% per HUD.
Enter your income for Cheney.
$82,153 on $410,767
Out of reach — 40.5% of income
Need $108,386/yr to afford.
PITI$2,529
P/I40.5%
Afford$284K
Gap-$127K
P&I $2,077Tax $335Ins $117
Home Buying Kit For Dummies (2025)Financing, negotiation, closing
Other cities in Washington
Compare Cheney with other housing markets across Washington.
Full Spokane-Spokane Valley, WA analysis
Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Spokane-Spokane Valley, WA metro.
View Spokane-Spokane Valley, WA metro →