Cheap Homes in Spanaway, WA

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1 View this home at 116th Ave Ct Anderson Island WA 98303
$17,750 List Price
1 View this home at Eckenstam Johnson Rd Anderson Island WA 98303
$17,750 List Price
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Top Reasons To Live In Spanaway, WA In 2024

Spanaway is located in Pierce, Washington, with an estimated municipal population of 32,575 residents. All of the best foreclosed homes for sale in Spanaway are located in the following zip code areas on 98387 98445. The estimated population per square kilometer (.62 miles) in Spanaway is 1,437.

Cost Of Living In Spanaway, WA

So, about how much do homes cost in Spanaway? The most recent median value of resident-owned homes in Spanaway is 235,964. An estimated 68.3 percent of households in Spanaway own their homes, with an average family size of 3.31. The median household income in Spanaway is 71,659, with27.6 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Spanaway, the median commute time of resident workers (in minutes) is 36.7. And last, but certainly not least, are you looking for homes to rent in Spanaway? If so, the average rent price paid by renters in Spanaway is 1,251, according to recent statistics.

Diversity And Demographics In Spanaway, Washington

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Spanaway, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Spanaway is 33.8, split between 51.4 percent male versus 48.6 female. The percentage of residents who report being married in Spanaway is 51.6, with an average family size of 3.31.

The percentage of residents who report their race in Spanaway is as follows:

White 61.8%
Black / African American 11.5%
Asian 6.7%
American Indian / Alaskan Native 0.6%
Native Hawaiian / Other Pacifc Islander 7.8%
Multi-racial 9.2%
Other 2.4%

Looking for family-friendly neighborhoods in and/or near Spanaway? Or maybe you are searching for 55+ active adult communities in and/or near Spanaway?

The percentage of residents who report their age in Spanaway is as follows:

Under 10 14.5%
Aged 10-19 13%
20s 15.6%
30s 15.4%
40s 12.3%
50s 13.4%
60s 8.6%
70s 4.8%
80+ 2.3%

Best Schools In Spanaway, Washington

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Spanaway with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Spanaway.

Pros And Cons Of Living In Spanaway, Washington

How do you know that living in -- or moving to -- Spanaway is right where you need to be? Perhaps you grew up in Spanaway or already live nearby; therefore, the decision to buy a home in Spanaway is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Spanaway for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Spanaway:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Spanaway.

Reasons To Move To Spanaway, Washington, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Spanaway can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Spanaway, meanwhile, can field multiple offers from more qualified buyers.

Cheap Homes in Spanaway, WA


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