East Central, Spokane, WA—99202
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — East Central, Spokane, WA
As of Oct '25, the median home price in East Central, Spokane, WA is $309,000, with a year-over-year change of -1.2%. This indicates that home prices in East Central, Spokane, WA are decreasing. According to Zillow, the 1-year price projection is 0.2%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $309,000 | -1.2% |
| Single Family | $309,000 | -1.3% |
| Condos | $301,000 | 0.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $222,000 | -0.4% |
2 Bed | $268,000 | -1.1% |
3 Bed | $329,000 | -0.9% |
4 Bed | $359,000 | -0.8% |
| 5 Bed | $407,000 | -1.2% |
% of Housing Stock
Rental Trends — East Central, Spokane, WA
As of July '25, Rentcast reports the average rent in East Central, Spokane, WA is $1,490, with a year-over-year rent change of 0.7%. Per bedroom, the median rent as of July '25 in East Central, Spokane, WA is studios: $1,020, 1-bedrooms: $1,240, 2-bedrooms: $1,410, 3-bedrooms: $2,050, 4-bedrooms: $1,750. The most common rental property sizes in East Central, Spokane, WA are 2-bedroom and 1-bedroom, accounting for 36.0% and 29.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,400 | $1,490 |
| Studio Rent | $980 | $1,020 |
| 1 Bed Rent | $1,100 | $1,240 |
| 2 Bed Rent | $1,300 | $1,410 |
| 3 Bed Rent | $2,000 | $2,050 |
| 4 Bed Rent | $1,750 | $1,750 |
% of Rental Stock
Property Listings — East Central, Spokane, WA
As of Oct '25, Realtor.com reports that the median days on market for a home in East Central, Spokane, WA is 58. This is a increase of 12.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 34.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $340,000 | -11.0% |
Listing Count | 82 | 18.0% |
| Listings as % of Homes | 0.5% | 18.0% |
Days on Market | 58 | 12.0% |
Demographics — East Central, Spokane, WA
As of the latest ACS Survey released in 2023, East Central, Spokane, WA has a population of 20,000, which has decreased by -3.3% over the past 5 years. East Central, Spokane, WA is a moderately popular place for families, as children make up 15.6% of the population. The area has a moderately educated workforce, with 32.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 16.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 20,000 | -3.3% |
% Under 18 | 15.6% | -2.5% |
% Seniors | 13.9% | 18.8% |
% WFH | 16.3% | 167.2% |
% w/ College Degree | 32.9% | 40.6% |
As of the latest ACS Survey released in 2023, East Central, Spokane, WA is a predominantly white area, with 74.2% of the population identifying as white. The white population has grown by 0.4% in the last 5 years. The second most common race or ethnicity in East Central, Spokane, WA is hispanic, making up 9.8% of the population. Foreign-born residents account for 7.6% of the population in East Central, Spokane, WA, and this percentage has decreased by 24.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 74.2% | 0.4% |
% Black | 2.8% | -31.7% |
% Hispanic | 9.8% | -1.0% |
% Asian | 3.8% | -13.6% |
% Foreign Born | 7.6% | -24.0% |
Mortgage and Risk — East Central, Spokane, WA
According to HUD data as of 2023, there were 263 mortgage originations in East Central, Spokane, WA, of which 71.0% of loans were conventional mortgages. The average loan-to-value was 62.0%, with 36.0% above 90% LTV (very high). This implies large mortgage risk in East Central, Spokane, WA. Investor activity is low, as 1.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 263 |
% Conventional Loans | 71.0% |
% Government Loans | 29.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — East Central, Spokane, WA
As of 2024, the percent of homes in East Central, Spokane, WA under the Section 8 program is 21.8%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 2-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in East Central, Spokane, WA, because HUD payments exceed market rent, while 1-bedroom and 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 938 |
Total Units Section 8 | 867 |
% Rentals under Section 8 | 21.8% |
% Occupied Section 8 | 87.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$30 | $1,100 | $1,070 |
| 2 Bedroom | $70 | $1,300 | $1,370 |
| 3 Bedroom | -$110 | $2,000 | $1,890 |
| 4 Bedroom | $470 | $1,750 | $2,220 |
Affordability — East Central, Spokane, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.1 |
| Median Home Price | $309,000 |
| Median Household Income | $61,300 |