Zip 98387 (Spanaway, WA) Housing

The housing market in Spanaway, WA (98387) has seen steady growth over the past year. The median home value in Spanaway is currently $459,200, which is nearly 37% higher than the US median house value of $338,100. While the nationwide appreciation rate for homes over the past year was 8.27%, homeowners in Spanaway have seen their properties appreciate at a slightly slower rate of 6.79%. Despite this marginally lower growth rate, it appears that housing prices in Spanaway are still on an upward trend.

The median home cost in Spanaway (zip 98387) is $459,200. Home appreciation the last 10 years has been 149.1%. Home Appreciation in Spanaway (zip 98387) is up 13.6%.

Average Age of Homes

- The median age of Spanaway (zip 98387) real estate is 26 years old

The Rental Market in Spanaway (zip 98387)

- Renters make up 25.3% of the Spanaway (zip 98387) population
- 0.3% of houses and apartments in Spanaway (zip 98387), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Spanaway, Washington	United States
	16,931.0	139,647,020.0
	28	42
	$459,200	$338,100
	13.6%	16.6%
	74.4%	57.0%
	149.1%	101.1%
	$10.71	$10.98
	$3,358	$2,690
	72.3%	57.4%
	3.3%	11.2%
	24.3%	31.4%
Vacant Housing
	0.3%	1.9%
	0.2%	0.4%
	0.5%	0.7%
	0.1%	0.4%
	0.1%	3.6%
	2.1%	4.1%
Value of Owner-Occupied Housing
	2.6%	2.6%
	1.2%	2.4%
	1.4%	2.8%
	1.1%	3.9%
	0.3%	4.5%
	3.8%	11.3%
	4.2%	13.0%
	30.9%	20.1%
	33.3%	13.6%
	12.2%	8.3%
	7.7%	9.7%
	0.9%	3.9%
	0.3%	2.2%
	0.0%	0.8%
	0.1%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	21.1%	13.6%
	21.1%	13.6%
	23.9%	13.6%
	15.5%	13.2%
	17.2%	14.8%
	23.9%	13.6%
	1.7%	10.0%
	1.2%	4.7%
	1.6%	12.2%

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