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City · 12,804 residents · Spokane County, Washington

Cheney , Washington

In Cheney, a typical home is worth $395,900 and typical rent is $1,156 a month. Compared with all of Spokane County, typical household income is 31% lower, typical rent is 10% lower, and the share of households that own their home is 30 points lower.

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  • Typical home value

    $395,900

    4% below the county

    30% below Washington

    • Cheney
    • Spokane
    • Washington

  • Typical rent

    $1,156a month

    10% below the county

    34% below Washington

    • Cheney
    • Spokane
    • Washington

  • Typical household income

    $54,503a year

    31% below the county

    44% below Washington

    • Cheney
    • Spokane
    • Washington

  • Households that own their home

    35%

    30 points below the county

    29 points below Washington

    • Cheney
    • Spokane
    • Washington

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$415,627
0.5% less than 12 months ago
Typical rent
$1,343 a month
3.6% more than 12 months ago

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Cheney is in Spokane County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Spokane County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Cheney apart

What this place has that others do not, from public data, most unusual first.

  1. 35% of households in Cheney own their home, against 64% in Spokane County.

  2. Cheney has the 6th lowest typical household income of the 194 cities in Washington with more than 5,000 people ($54,503).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Cheney

What homes there are in Cheney, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

Many people here live in apartments: 4 in 10 homes; in Spokane County, 2.

Year built

Homes in Cheney are newer: the typical year built is 1991; in Spokane County, 1978.

There are fewer big homes in Cheney than in Spokane County: 46% have 3 bedrooms or more, against 62%.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

With a mortgage

$1,706 a month

Spokane County: $1,875 a month

Without a mortgage

$643 a month

Spokane County: $647 a month

Owners with a mortgage

74%

Spokane County: 65%

The typical cost for an owner with a mortgage in Cheney is $1,706 a month, less than in Spokane County ($1,875); without one, $643.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

Since 2015–2019, homes in Cheney gained value faster than in Spokane County: 95% against 83%.

The typical rent in Cheney rose 30% over the same time; in Spokane County, it rose 41%.

The typical household income in Cheney rose 34% over that time; home values changed +95% and rent +30%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureCheneySpokane CountyWashingtonUnited States
Rental vacancy Unreliable estimate3.9%4.5%5.5%
Homeowner vacancy Unreliable estimate0.7%0.7%0.9%
More than one person per room Unreliable estimate2.4%3.5%3.4%
People per household 2.382.442.502.53
Drive alone 72%70%63%69%
Carpool Unreliable estimate9%9%9%
Public transit Unreliable estimate2%3%3%
Walk or bike 10%3%4%3%
Work from home 8%16%20%15%
Other means Unreliable estimate1%1%2%
Typical commute Unreliable estimate20 to 29 minutes20 to 29 minutes20 to 29 minutes

By size, households in Cheney look like those in Spokane County: 2.38 people on average.

Many here get to work on foot or by bike: 10%, more than in Spokane County (3%).

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Cheney?

A typical home costs more than the typical income allows

We start with a typical home in Cheney, worth $395,900, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 71% of the typical household income in Cheney, which is $54,503 a year. For that payment to be 28% of income, a household would need to earn about $139,028 a year.

The calculator's FHA and conventional loan limits are those of all of Spokane County.

Your numbers

Local data
$

Starts at the typical home value in Cheney. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $13,857 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$3,244

at 7.18% · 30 years

Loan amount
$388,729
Total interest
$559,289
Paid off in
November 2056

Includes $6,686 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,272 a month

  • Tight

    $1,272 to $1,635 a month

  • Hard

    more than $1,635 a month

    Your payment · 71%

Compared with the typical household income in Cheney ($54,503 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$3,244
Principal & interest$2,633
Property tax$271
Home insurance$165
FHA mortgage insurance (MIP)$175

You need at least $13,857 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Cheney and Spokane County

Cheney is in Spokane County, Washington. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Cheney's own numbers

Typical home value
$395,900
Typical monthly rent
$1,156
Typical yearly household income
$54,503
Households that own their home
35%
Effective property tax rate
0.82%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Spokane County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,494
Price change over 5 years (FHFA)
+51%
Homes in a high flood-risk zone
0.4%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Spokane County.

Everything about Spokane County

Buying

Buying a home in Cheney

A typical home in Cheney is worth $395,900: 4% below the county and 30% below Washington. With the typical household income in Cheney ($54,503 a year), a typical home costs 7.3 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Cheney 7.3 years
  • Spokane 5.2 years
  • Washington 5.8 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Spokane County

According to FHFA’s house price index, home prices in Spokane County rose 136% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Spokane County.

Period County Washington U.S.
Last year (2025) +2.6% +1.8% +2.9%
5 years (2020–2025) +51% +44% +47%
10 years (2015–2025) +136% +113% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Cheney next to Spokane County, Washington and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Cheney $395,900
  • Spokane $410,700
  • Washington $564,600
  • United States $332,700
Typical monthly rent
  • Cheney $1,156
  • Spokane $1,283
  • Washington $1,760
  • United States $1,413
Typical yearly household income
  • Cheney $54,503
  • Spokane $78,582
  • Washington $98,141
  • United States $80,734
See the full table
Cheney next to Spokane County and Washington
Measure Cheney Spokane County Washington U.S.
Typical home value $395,900 $410,700 $564,600 $332,700
Typical monthly rent $1,156 $1,283 $1,760 $1,413
Typical yearly household income $54,503 $78,582 $98,141 $80,734
Households that own their home 35% 64% 64% 65%
Typical yearly property tax $3,251 $3,434 $4,556 $3,119
Effective property tax rate 0.82% 0.84% 0.81% 0.94%
Renters with high rent for their income 56% 52% 50% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Spokane County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Cheney

For a typical $395,900 home in Cheney, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Cheney's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $3,244a month

    Least cash to close
    Down payment
    $13,857
    Cash to close
    $25,734
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $175

  • Conventional, 5% down $3,171a month

    Down payment
    $19,795
    Cash to close
    $31,672
    Rate
    7.18%
    Mortgage insurance
    PMI · $188

  • Conventional, 20% down, no PMI $2,581a month

    Down payment
    $79,180
    Cash to close
    $91,057
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $2,947a month

    Down payment
    $59,385
    Cash to close
    $71,262
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Cheney and for Spokane County.

Property tax

Effective rate in Cheney

0.82%of the home’s value each year

$3,251 a year for the typical owner in Cheney.

  • Cheney 0.82%
  • Spokane 0.84%
  • Washington 0.81%

What Washington publishes Exemption for people 61 and older or with disabilities (Washington State Department of Revenue)

Exemptions and deadlines in Washington

Flood risk in Spokane County

FEMA does not publish these numbers by city: they are for all of Spokane County.

Homes in the high-risk zone
0.4%
774
Of those, with NFIP insurance
16%
County Washington U.S.
Homes in the high-risk zone 0.4% 1.6% 3.5%
Of those, with NFIP insurance 16% 40% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Cheney

Typical rent in Cheney is $1,156 a month: 10% below the county. In Cheney, 56% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Spokane County, by unit size. To pay the 2-bedroom one ($1,494 a month) without spending more than 30% of your income, you would need to earn $28.73 an hour working full time.

HUD fair market rent for all of Spokane County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,116 $21.46 $44,640
1 bedroom $1,173 $22.56 $46,920
2 bedrooms $1,494 $28.73 $59,760
3 bedrooms $2,047 $39.37 $81,880
4 bedrooms $2,497 $48.02 $99,880

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Cheney

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Cheney is in ZIP code 99004.

For 2 bedrooms it is $1,380: $114 less than the fair market rent for Spokane County ($1,494).

  • 99004 $1,380$1,880

1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Cheney when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Cheney

HUD lists 5 buildings with rents for lower incomes in Cheney. These are the largest.

  • Parkview (Cheney) Apartment 313 Erie St, Cheney 99004 85 homes, 77 low-income · For families (509) 235-6910
  • Cheney Gardens 2336 University Ln, Cheney 99004 40 low-income homes · For families (509) 235-8006
  • 2424 University Place Apartments 2424 University Ln, Cheney 99004 32 homes, 31 low-income · For families (509) 235-5000
  • Sessions Village 2219 N 6th St, Cheney 99004 20 homes, 19 low-income · For older adults (509) 235-6196
  • 2400 University Place 2400 University Ln, Cheney 99004 28 homes, 5 low-income · For families (509) 235-5000

See all 130 buildings in Spokane County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Cheney

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There are 2 HUD-approved agencies with an office in Spokane County; 1 says it serves in Spanish.

An older woman smiles in front of her apartment building.

HUD counseling is free or low-cost

Assistance programs in Cheney

No down payment, repair or rent-help program on our list is for Cheney or Spokane County. The ones below are statewide in Washington: they work in Cheney the same as in the rest of the state.

Which programs do I qualify for? All programs in Washington

  • Home Advantage Downpayment Assistance

    Statewide in Washington

    Washington state commission 0% second mortgage for 3%, 4% or 5% of the first mortgage, with no monthly payments; you do not need to be a first-time buyer. Offered by Washington State Housing Finance Commission.

    Deferred

    See the program Official page

  • Covenant Homeownership Program

    Statewide in Washington

    Washington state commission loan with no monthly payments of up to 20% of the price (maximum $150,000) plus closing costs, for first-time buyers whose family lived in Washington before 1968 and belonged to a group affected by housing discrimination, including Hispanic people. Offered by Washington State Housing Finance Commission.

    Deferred

    See the program Official page

  • House Key Opportunity DPA

    Statewide in Washington

    Washington state commission loan of up to $15,000 at 1% simple interest, with no monthly payments, for the down payment and closing costs of first-time buyers with the House Key Opportunity mortgage. Offered by Washington State Housing Finance Commission.

    Deferred

    See the program Official page

Housing counselors near Cheney

The HUD-approved agencies closest to the center of Cheney, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Community Frameworks

    907 W Riverside Ave, Spokane · 14 miles away

    • Home improvement and repairs
    • Workshops for new owners
    • and 2 more
    (509) 484-6733

  • Spokane Neighborhood Action Partners

    3102 W Whistalks Way, Spokane · 14 miles away · Spanish

    • Mortgage delinquency and default
    • Workshops for new owners
    • and 2 more
    (509) 456-7627

  • Rural Resources Community Action

    956 S Main St, Colville · 74 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 2 more
    (509) 685-6055

Every agency in Spokane County All counseling agencies in Washington

Help in Spanish near Cheney

1 of the 3 agencies on this list says it serves in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Cheney

In HUD’s record, no housing authority with an office in Spokane County is named for Cheney or Spokane County.

One other authority has an office in Spokane County: see the list Source: HUD

Cities

Other cities in Spokane County

These cities are also in Spokane County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Spokane County Housing in Washington

Nearby cities

The cities closest to Cheney, with the typical home value.

Neighboring counties

If Spokane County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Cheney.

All guides
A mother holding her baby watches her daughter blow bubbles outdoors.

Questions

Housing questions about Cheney

Short answers with the numbers for Cheney and all of Spokane County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Cheney?

The typical home value in Cheney is $395,900, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Spokane County it is $410,700.

How much does it cost to rent in Cheney?

Typical rent in Cheney is $1,156 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Spokane County is $1,494.

What is the FHA loan limit in Cheney?

Cheney uses the FHA limit for all of Spokane County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Cheney?

The typical homeowner in Cheney pays $3,251 a year, according to the U.S. Census Bureau. That is 0.82% of the home’s value; in Spokane County, the rate is 0.84%.

Where can I find free help to buy or rent in Cheney?

There are 2 HUD-approved counseling agencies with an office in Spokane County. 1 says it serves in Spanish. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).