Cliff Cannon, Spokane, WA—99204
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Cliff Cannon, Spokane, WA
As of Oct '25, the median home price in Cliff Cannon, Spokane, WA is $384,000, with a year-over-year change of 0.9%. This indicates that home prices in Cliff Cannon, 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 | $384,000 | 0.9% |
| Single Family | $445,000 | 1.1% |
| Condos | $242,000 | -3.2% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $301,000 | -0.3% |
3 Bed | $423,000 | 1.0% |
4 Bed | $509,000 | 0.0% |
| 5 Bed | $637,000 | 0.0% |
% of Housing Stock
Rental Trends — Cliff Cannon, Spokane, WA
As of July '25, Rentcast reports the average rent in Cliff Cannon, Spokane, WA is $1,200, with a year-over-year rent change of -4.0%. Per bedroom, the median rent as of July '25 in Cliff Cannon, Spokane, WA is studios: $936, 1-bedrooms: $1,050, 2-bedrooms: $1,390, 3-bedrooms: $2,160, 4-bedrooms: $2,100. The most common rental property sizes in Cliff Cannon, Spokane, WA are 2-bedroom and 1-bedroom, accounting for 42.9% and 32.2% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,100 | $1,200 |
| Studio Rent | $895 | $936 |
| 1 Bed Rent | $1,000 | $1,050 |
| 2 Bed Rent | $1,250 | $1,390 |
| 3 Bed Rent | $2,400 | $2,160 |
| 4 Bed Rent | $2,100 | $2,100 |
% of Rental Stock
Property Listings — Cliff Cannon, Spokane, WA
As of Oct '25, Realtor.com reports that the median days on market for a home in Cliff Cannon, Spokane, WA is 45. This is a decrease of -3.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 37.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $342,000 | -25.0% |
Listing Count | 43 | 10.0% |
| Listings as % of Homes | 0.3% | 10.0% |
Days on Market | 45 | -3.0% |
Demographics — Cliff Cannon, Spokane, WA
As of the latest ACS Survey released in 2023, Cliff Cannon, Spokane, WA has a population of 7,520, which has increased by 15.0% over the past 5 years. Cliff Cannon, Spokane, WA is a less popular place for families, as children make up 13.6% of the population. The area has a moderately educated workforce, with 37.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.9% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,520 | 15.0% |
% Under 18 | 13.6% | -20.9% |
% Seniors | 11.1% | -0.9% |
% WFH | 10.9% | 17.2% |
% w/ College Degree | 37.5% | -3.4% |
As of the latest ACS Survey released in 2023, Cliff Cannon, Spokane, WA is a predominantly white area, with 72.7% of the population identifying as white. The white population has shrunk by 6.0% in the last 5 years. The second most common race or ethnicity in Cliff Cannon, Spokane, WA is hispanic, making up 9.5% of the population. Foreign-born residents account for 9.4% of the population in Cliff Cannon, Spokane, WA, and this percentage has increased by 11.9% 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 | 72.7% | -6.0% |
% Black | 4.3% | 48.3% |
% Hispanic | 9.5% | 179.4% |
% Asian | 8.1% | -14.7% |
% Foreign Born | 9.4% | 11.9% |
Mortgage and Risk — Cliff Cannon, Spokane, WA
According to HUD data as of 2023, there were 100 mortgage originations in Cliff Cannon, Spokane, WA, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Cliff Cannon, Spokane, WA. Investor activity is low, as 2.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 100 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — Cliff Cannon, Spokane, WA
As of 2024, the percent of homes in Cliff Cannon, Spokane, WA under the Section 8 program is 5.7%. 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. In Cliff Cannon, Spokane, WA, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 183 |
Total Units Section 8 | 169 |
% Rentals under Section 8 | 5.7% |
% Occupied Section 8 | 86.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$70 | $1,000 | $930 |
| 2 Bedroom | -$50 | $1,250 | $1,200 |
| 3 Bedroom | -$740 | $2,400 | $1,660 |
| 4 Bedroom | -$160 | $2,100 | $1,940 |
Affordability — Cliff Cannon, Spokane, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 7.6 |
| Median Home Price | $384,000 |
| Median Household Income | $50,300 |