The city of Cheney is home to some 9,000 residents who enjoy the community's small-town feel and the natural beauty of Spokane County. The quiet rural setting and mild, four-season climate allows residents to take advantage of a variety of outdoor recreational opportunities such as ski resorts, golf courses, lakes, rivers and hiking trails. Cheney is gaining national notice for its competitive cycling courses. Incorporated in 1883, Cheney is located approximately 15 miles southwest of Spokane. The city's small town nature is enhanced by the diverse influence of Eastern Washington University. Historically, Cheney's economic base has been education, rail, and agriculture. The city was named after Benjamin P. Cheney, chairman of the Northern Pacific Railroad. The Cheney Academy, now Eastern Washington University, was established with a $10,000 grant in 1881 from Benjamin Cheney. The city has become an attractive bedroom community with a growing manufacturing base and beautiful homes for sale. The real estate market offers something for everyone. Cheney is known as horse country, with numerous ranch style real estate properties in outlaying areas. There are no condominiums or townhouses available in the market. Single-family homes start at $70,000 and range up to $350,000 for large homes with acreage. Cheney real estate is available for custom building.
If it is newer or older residential real estate for sale in Cheney, in Spokane County, you can be sure we have what you are looking for. Top, Cheney expert real estate agents and Realtors in Washington, and surrounding cities in Spokane County will respond to your request for information for buying or selling homes and other real estate. Whether buying or selling homes, houses, luxury mansions, bank repo's or foreclosure properties with lake, coastal, mountain or city views or any other real estate, Cheney real estate agents will provide you with information to search, find and buy your dream home or any other house for sale, homes for sale or real estate for sale in Cheney.
Cheney Real Estate Stats and Trends for the week of March 30th, 2020: homes priced around $382,386 compared to $382,386 the previous week, to remain steady with no change in listing price. For Monday, March 30th, the current national mortgage rate for a 30 year fixed mortgage is 4.51%; the 15 year fixed rate is at 3.90%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.41%, while the 15 year jumbo rate currently is at 4.12%.