Cheney, WA

  • Overview
  • Performance
  • Listings
  • Buy Box

Key Performance Metrics

Market snapshot

Performance indicators for the Cheney short-term rental market based on reliable data.

Listings

9 / 22

Reliable / Active

Cap Rate

6%

Middle-Earners Gross Yield

Revenue

$23,169

Middle-Earners Revenue

Occupancy

55%

Middle-Earners Occupancy

Home Value

$423,908

Median Home Sale Price

Top Earners

$42,086

Top-Earners Revenue

Cheney

Market Revenue Seasonality

Top Listings

Highest revenue

The highest-performing listings in Cheney.

Loading top listings...

B

Generally Investor friendly

Cheney Regulations

Short‑term rentals are allowed citywide but treated as commercial lodging, meaning they must pass zoning verification (with possible conditional use permits), standard business licensing, fire/life‑safety compliance, parking plans, and lodging‑tax collection—moderate complexity but no strict caps or a dedicated STR ban. Overall, the process is known and manageable for investors.

View Cheney Regulations →

Local STR Agent

STR specialist · Cheney, WA

Trusted Expert
Get Expert Help In Cheney
Free consultation Response within 24h

About Cheney

Cheney is a small college town in Spokane County, Washington, home to a population of roughly 12,000 residents. Best known as the home of Eastern Washington University, the city has the relaxed, walkable character typical of Pacific Northwest college towns, with tree-lined streets, locally owned coffee shops and diners, and a steady rhythm shaped by the academic calendar. It sits on the eastern edge of the Columbia Plateau, about fifteen miles southwest of Spokane, the nearest major city, and roughly 280 miles east of Seattle. Travelers often pass through Cheney on their way toward the rolling farmland of the Palouse to the south or use it as an affordable, quieter alternative base while exploring the broader Inland Northwest.

Just minutes from the center of town, the campus of Eastern Washington University anchors the community and gives visitors a reason to visit in their own right. The EWU campus hosts the university's art galleries, a public sculpture walk, and seasonal athletic events, including football games at Roos Field that draw alumni and visiting fans from across the region. It is a defining feature of the city, and visitors strolling through the tree-shaded grounds can quickly sense the small-town collegiate atmosphere that defines Cheney.

A short drive south of town, Turnbull National Wildlife Refuge offers a different kind of Inland Northwest experience, with more than 18,000 acres of wetlands, ponderosa pine forest, and bunchgrass prairie threaded with nearly five miles of auto tour and an extensive trail system. The refuge is a major stopover for migrating waterfowl and sandhill cranes, and visitors come for birding, wildlife photography, and quiet walks along boardwalks that cross open marshes. It sits roughly fifteen minutes south of Cheney and is one of the closest natural areas of its size to the Spokane metro.

To the north, Spokane is an easy twenty-minute drive and adds a much larger set of urban attractions to any Cheney stay, including Riverfront Park along the Spokane River, the Northwest Museum of Arts and Culture, and a growing craft brewery and restaurant scene. Cheney visitors can pair a day on the prairie or the EWU campus with an evening downtown in Spokane, or a weekend exploring the surrounding region, from the wineries of the Spokane Valley to the scenic drives through the Channeled Scablands to the west.

For short-term rental owners and guests alike, Cheney offers a compelling mix of small-town affordability and access. Its location places visitors within easy reach of a major regional airport and a full-service city, while keeping them close to some of eastern Washington's most distinctive landscapes, from the wetlands of Turnbull to the rolling hills of the Palouse. That combination of a walkable college-town base, year-round university events, and proximity to outdoor recreation makes the city a quietly versatile spot to stay while exploring the Inland Northwest.

startup landing logo

Copyright © 2026 HomeRun Analytics, Inc

Explore

HomeCountry ExplorerProperty Analyzer

Resources

Market ComparatorRegulationsBlog

Trusted by STR investors in 50+ U.S. states

Built by investors, for investors

STRProfitMap® is a registered trademark of HomeRun Analytics, Inc