There are currently 95,391 real estate properties in Spokane, WA, with a median automated valuation model (AVM) price of $341,200.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Spokane, WA, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Spokane, WA, is $377,676.00, with the most expensive house in Spokane, WA, topping out at $18,980,200.00 and the cheapest home in Spokane, WA, clocking in at $42,600.00. In other words, there’s something for every potential homebuyer or savvy investor in Spokane, WA!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Spokane, WA, is on a rollercoaster ride. The average rent price in Spokane, WA, is $1,419.00. Indeed, when looking to rent in Spokane, WA, you can expect to pay as little as $600.00 or as much as $3,630.00, with the average rent median estimated to be $1,380.00. The good news is that finding an affordable and desirable property to rent in Spokane, WA -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Spokane, WA area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Spokane, WA and much more. Save thousands at closing with home foreclosure listings in Spokane, WA — up to 75% off market value!
Spokane is located in Spokane, Washington, with an estimated municipal population of 222,081 residents. All of the best foreclosed homes for sale in Spokane are located in the following zip code areas on Foreclosure.com: 99201 99203 99202 99205 99204 99207 99208 99224 99223 99001 99212 99209 99210 99219 99220 99252 99256 99258 99260. The estimated population per square kilometer (.62 miles) in Spokane is 1,247.
So, about how much do homes cost in Spokane? The most recent median value of resident-owned homes in Spokane is 187,683. An estimated 55.2 percent of households in Spokane own their homes, with an average family size of 2.94. The median household income in Spokane is 50,306, with18.9 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Spokane, the median commute time of resident workers (in minutes) is 21. And last, but certainly not least, are you looking for homes to rent in Spokane? If so, the average rent price paid by renters in Spokane is 866, according to recent statistics.
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 Spokane, 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 Spokane is 36.2, split between 49 percent male versus 51 female. The percentage of residents who report being married in Spokane is 42.5, with an average family size of 2.94.
The percentage of residents who report their race in Spokane is as follows:
|Black / African American||2.3%|
|American Indian / Alaskan Native||1.8%|
|Native Hawaiian / Other Pacifc Islander||0.9%|
Looking for family-friendly neighborhoods in and/or near Spokane? Or maybe you are searching for 55+ active adult communities in and/or near Spokane?
The percentage of residents who report their age in Spokane is as follows:
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 Spokane with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Spokane.
How do you know that living in -- or moving to -- Spokane is right where you need to be? Perhaps you grew up in Spokane or already live nearby; therefore, the decision to buy a home in Spokane is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Spokane 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 Spokane:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Spokane.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Spokane can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Spokane, meanwhile, can field multiple offers from more qualified buyers.