Manito, Spokane, WA—99203
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Manito, Spokane, WA
As of Oct '25, the median home price in Manito, Spokane, WA is $480,000, with a year-over-year change of 0.5%. This indicates that home prices in Manito, Spokane, WA are flat. According to Zillow, the 1-year price projection is 0.3%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $480,000 | 0.5% |
| Single Family | $483,000 | 0.4% |
| Condos | $393,000 | 0.5% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $380,000 | 2.2% |
2 Bed | $381,000 | 1.1% |
3 Bed | $467,000 | 0.4% |
4 Bed | $568,000 | 0.2% |
| 5 Bed | $725,000 | 0.1% |
% of Housing Stock
Rental Trends — Manito, Spokane, WA
As of July '25, Rentcast reports the average rent in Manito, Spokane, WA is $2,030, with a year-over-year rent change of -4.7%. Per bedroom, the median rent as of July '25 in Manito, Spokane, WA is studios: $1,500, 1-bedrooms: $1,340, 2-bedrooms: $1,680, 3-bedrooms: $2,120, 4-bedrooms: $3,360. The most common rental property sizes in Manito, Spokane, WA are 2-bedroom and 1-bedroom, accounting for 43.1% and 26.3% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,800 | $2,030 |
| Studio Rent | $1,500 | $1,500 |
| 1 Bed Rent | $1,150 | $1,340 |
| 2 Bed Rent | $1,700 | $1,680 |
| 3 Bed Rent | $2,200 | $2,120 |
| 4 Bed Rent | $2,900 | $3,360 |
% of Rental Stock
Property Listings — Manito, Spokane, WA
As of Oct '25, Realtor.com reports that the median days on market for a home in Manito, Spokane, WA is 50. This is a increase of 16.0% 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 42.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $550,000 | -6.0% |
Listing Count | 119 | 21.0% |
| Listings as % of Homes | 0.4% | 21.0% |
Days on Market | 50 | 16.0% |
Demographics — Manito, Spokane, WA
As of the latest ACS Survey released in 2023, Manito, Spokane, WA has a population of 21,900, which has increased by 4.7% over the past 5 years. Manito, Spokane, WA is a moderately popular place for families, as children make up 21.9% of the population. The area has a highly educated workforce, with 57.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 18.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 21,900 | 4.7% |
% Under 18 | 21.9% | -0.9% |
% Seniors | 21.7% | 8.0% |
% WFH | 18.1% | 151.4% |
% w/ College Degree | 57.0% | -5.8% |
As of the latest ACS Survey released in 2023, Manito, Spokane, WA is a predominantly white area, with 85.2% of the population identifying as white. The white population has shrunk by 5.2% in the last 5 years. The second most common race or ethnicity in Manito, Spokane, WA is hispanic, making up 7.6% of the population. Foreign-born residents account for 3.7% of the population in Manito, Spokane, WA, and this percentage has increased by 5.7% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 85.2% | -5.2% |
% Black | 1.3% | 160.0% |
% Hispanic | 7.6% | 117.1% |
% Asian | 1.6% | -27.3% |
% Foreign Born | 3.7% | 5.7% |
Mortgage and Risk — Manito, Spokane, WA
According to HUD data as of 2023, there were 409 mortgage originations in Manito, Spokane, WA, of which 93.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 16.0% above 90% LTV (elevated). This implies medium mortgage risk in Manito, 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 | 409 |
% Conventional Loans | 93.0% |
% Government Loans | 7.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Manito, Spokane, WA
As of 2024, the percent of homes in Manito, Spokane, WA under the Section 8 program is 4.6%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom units appear to be good home sizes to consider for Section 8 housing in Manito, Spokane, WA, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 106 |
Total Units Section 8 | 105 |
% Rentals under Section 8 | 4.6% |
% Occupied Section 8 | 92.2% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $30 | $1,150 | $1,180 |
| 2 Bedroom | -$180 | $1,700 | $1,520 |
| 3 Bedroom | -$100 | $2,200 | $2,100 |
| 4 Bedroom | -$440 | $2,900 | $2,460 |
Affordability — Manito, Spokane, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5 |
| Median Home Price | $480,000 |
| Median Household Income | $95,500 |