Housing
Spokane is considered the most affordable city in which to purchase real estate in Washington. Average home sales price in 2004 was $207,321. Housing options in Spokane are many. Of approximately 88,000 housing units, roughly half are owner occupied. Condominium developments are being established throughout the area and once derelict properties are being restored to their former glory. Opportunities exist to purchase and restore beautiful homes throughout urban Spokane. As with many US cities, affordable housing has become an issue for lower income and lower middle class families as real estate values rise and foreclosure in some areas is fairly commonplace. On average, 92% of available housing is occupied.
Fast Facts:
- Location: Spokane is 18 miles west of the Idaho border and 110 miles south of the Canadian border.
- Population: 195,629
- Median household income: $32,273.
- Average home value: $97,000.
- Average annual rainfall: 16.5 inches
- Average temperatures: 68°F in summer