Is Cheney, WA a good place to invest in rental property?

Cheney, WA has a median modeled monthly cash flow of $-1,570 and a median cap rate of 2.2%, on a median sold price of $363,950. Prices changed +4.8% year over year.

What is the average cap rate in Cheney, WA?

The median cap rate across recently sold homes in Cheney, WA is 2.2%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Cheney, WA?

The median sold price in Cheney, WA is $363,950 (about $208 per square foot).

Investing in Cheney, WA Real Estate

A data-driven snapshot of the Cheney, WA rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$363,950Median sold price

$208Median $/sqft

2.2%Median cap rate

$-1,570Modeled cash flow / mo

+4.8%Appreciation YoY

11.3Months of supply

129Active listings

137Sold (last 12 mo)

What the Cheney numbers say

In Cheney, WA, the median home sold for $363,950 (about $208 per square foot), and the typical deal models out to a 2.2% cap rate with a median $-1,570 of monthly cash flow. Sold prices moved +4.8% over the past year. Inventory sits at about 11.3 months of supply — a looser, buyer-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Washington markets to compare

See Cheney cash-flowing listings

CashFlowRE ranks every for-sale home in Cheney, WA by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Cheney deals, or browse the national market data.