Cheney, KS—67025
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Cheney, KS
As of Oct '25, the median home price in Cheney, KS is $263,000, with a year-over-year change of 2.5%. This indicates that home prices in Cheney, KS are increasing. According to Zillow, the 1-year price projection is 2.0%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $263,000 | 2.5% |
| Single Family | $266,000 | 3.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $178,000 | 2.3% |
3 Bed | $250,000 | 2.9% |
4 Bed | $319,000 | 2.6% |
| 5 Bed | $406,000 | 4.9% |
% of Housing Stock
Rental Trends — Cheney, KS
Cheney, KS lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,640 | $1,920 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $2,200 | $2,200 |
| 4 Bed Rent | $1,640 | $1,640 |
% of Rental Stock
Property Listings — Cheney, KS
As of Oct '25, Realtor.com reports that the median days on market for a home in Cheney, KS is 57. This is a increase of 50.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 15.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $386,000 | 9.0% |
Listing Count | 13 | -34.0% |
| Listings as % of Homes | 0.5% | -34.0% |
Days on Market | 57 | 50.0% |
Demographics — Cheney, KS
As of the latest ACS Survey released in 2023, Cheney, KS has a population of 3,940, which has increased by 4.3% over the past 5 years. Cheney, KS is a popular place for families, as children make up 29.9% of the population. The area has a moderately educated workforce, with 28.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,940 | 4.3% |
% Under 18 | 29.9% | 2.4% |
% Seniors | 14.1% | -11.9% |
% WFH | 9.3% | 158.3% |
% w/ College Degree | 28.9% | -7.7% |
As of the latest ACS Survey released in 2023, Cheney, KS is a predominantly white area, with 93.1% of the population identifying as white. The white population has shrunk by 2.2% in the last 5 years. The second most common race or ethnicity in Cheney, KS is hispanic, making up 4.8% of the population. Foreign-born residents account for 0.2% of the population in Cheney, KS, and this percentage has decreased by 75.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 93.1% | -2.2% |
% Black | 0.3% | 200.0% |
% Hispanic | 4.8% | 60.0% |
% Asian | 0.0% | N/A |
% Foreign Born | 0.2% | -75.0% |
Mortgage and Risk — Cheney, KS
According to HUD data as of 2023, there were 58 mortgage originations in Cheney, KS, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 78.0%, with 36.0% above 90% LTV (very high). This implies large mortgage risk in Cheney, KS. Investor activity is low, as 5.0% of loans were by investors. 16.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 58 |
% Conventional Loans | 76.0% |
% Government Loans | 24.0% |
% Investor Loans | 5.0% |
% Second Loans | 2.0% |
% Cash Out Refinance | 16.0% |
Loan Activity
Rentals and Section 8 — Cheney, KS
Cheney, KS lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 10 |
Total Units Section 8 | 10 |
% Rentals under Section 8 | 4.1% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $820 |
| 2 Bedroom | N/A | N/A | $1,070 |
| 3 Bedroom | -$780 | $2,200 | $1,420 |
| 4 Bedroom | $50 | $1,640 | $1,690 |
Affordability — Cheney, KS
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $263,000 |
| Median Household Income | $81,500 |