Is Spokane a good place to invest in real estate?

Well, to begin with, Spokane has a record of being one of the best long-term real estate investments in the U.S. over the past 10 years. Like most cities in Washington State and nationwide, Spokane has experienced home price increases over the last couple of years.

Is it a good time to buy a house in Spokane?

In fact, they’re near all-time lows, making now a great time to buy a home in Spokane to experience major savings in interest payments on your mortgage. While rates are still expected to remain low throughout the year, it’s possible that they may not be as low as they are today.

Is Spokane in a housing bubble?

Spokane County’s median home closing price hit a record breaking $380,000 in June, a 28.8% increase compared with the $295,000 median in June 2020, according to the Spokane Association of Realtors.

Why is everyone moving to Spokane WA?

Although we’re still something north of 80% white, the city is changing for the diverse and dynamic. Because of large scale economic development projects, such as the University District near downtown, not to mention downtown Spokane itself, smart, creative migrants of all backgrounds are moving into Spokane.

How Fast Is Spokane growing?

1.22% annually
Spokane is currently growing at a rate of 1.22% annually and its population has increased by 8.93% since the most recent census, which recorded a population of 208,916 in 2010. Spokane reached it’s highest population of 227,579 in 2021.

Is Spokane a nice place to live?

Spokane is an incredible place to live. It is easy to get around and most things you need are nearby. Cost of living is is pretty cheap when compared to the rest of the PNW. Honestly, it is a great place to live and raise a family.

What is the cost of living in Spokane Washington?

Spokane cost of living is 92.3

COST OF LIVING Spokane Washington
Overall 92.3 118.7
Grocery 98.8 101.1
Health 83.1 83.8
Housing 94.2 164.9

Is Spokane a bad place to live?

SPOKANE, Wash. According to the report, only Tukwila–a town about 10 miles South of Seattle– is a less safe place to live in Washington state. The major contributing factor to Spokane’s poor ranking is a reported rate of 76.8 property crimes per 1,000 residents.