The housing market in the Spokane-Spokane Valley, WA Metro Area is strong and on the rise. The median value for homes in this area is currently $383,500, which is higher than the US House Median Value of $338,100. This is indicative of a growing demand for housing in this area. Furthermore, the one year house appreciation rate for the US stands at 8.27%, while in Spokane-Spokane Valley it has seen an even higher increase of 8.88%. This shows that buying a home in this metro area could be a wise investment decision as its value will likely appreciate over time.
The median home cost in Spokane-Spokane Valley Metro Area is $383,500. Home appreciation the last 10 years has been 152.4%. Home Appreciation in Spokane-Spokane Valley Metro Area is up 16.0%.
Average Age of Homes
- The median age of Spokane-Spokane Valley Metro Area real estate is 41 years old
The Rental Market in Spokane-Spokane Valley Metro Area
- Renters make up 31.9% of the Spokane-Spokane Valley Metro Area population
- 1.0% of houses and apartments in Spokane-Spokane Valley Metro Area, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.