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Cliff Cannon, Spokane, WA—99204

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$380,000
1.1% YoY Growth
Household Income
$50,300
46.1% YoY Growth
Days on Market
75
5.0% Shorter YoY
Home Price Forecast
0.8%
Median Rent
$1,100
4.0% YoY Growth
1-Bed Rent
$1,000
5.0% YoY Growth
2-Bed Rent
$1,250
2.1% YoY Growth
3-Bed Rent
$2,400
20.7% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Cliff Cannon, Spokane, WA

As of Dec '25, the median home price in Cliff Cannon, Spokane, WA is $380,000, with a year-over-year change of 1.1%. This indicates that home prices in Cliff Cannon, Spokane, WA are increasing. According to Zillow, the 1-year price projection is 0.8%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$380,0001.1%
Single Family $443,0001.4%
Condos $240,000-2.4%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$296,0000.3%
    3 Bed
    		$420,0001.0%
    4 Bed
    		$504,0000.4%
    5 Bed $632,6450.3%
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    % of Housing Stock

    Studio
    11.0%
    1 Bedroom
    25.1%
    2 Bedrooms
    42.3%
    3 Bedrooms
    10.7%
    4 Bedrooms
    6.3%
    5+ Bedrooms
    4.5%

    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.

    TypeMedian RentAverage 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
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    % of Rental Stock

    Studio
    13.9%
    1 Bedroom
    32.2%
    2 Bedrooms
    42.9%
    3 Bedrooms
    4.0%
    4 Bedrooms
    1.5%
    5+ Bedrooms
    5.5%

    Property Listings — Cliff Cannon, Spokane, WA

    As of Dec '25, Realtor.com reports that the median days on market for a home in Cliff Cannon, Spokane, WA is 55. This is a increase of 7.0% 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 22.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$295,000-29.0%
    Listing Count
    		3211.0%
    Listings as % of Homes0.3%11.0%
    Days on Market
    		75-5.0%
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    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.

    MetricLatest CensusYoY % Change
    Population
    		7,52015.0%
    % Under 18
    		13.6%-20.9%
    % Seniors
    		11.1%-0.9%
    % WFH
    		10.9%17.2%
    % w/ College Degree
    		37.5%-3.4%
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    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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    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 SizeHUD PremiumMarket RentMax 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

    MetricZip Code Average
    Home Price to Income Ratio7.5
    Median Home Price$380,000
    Median Household Income$50,300

    Cliff Cannon, Spokane, WA — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Downtown Spokane, Spokane, WA

    99201

    Manito, Spokane, WA

    99203

    Spokane

    99258

    East Central, Spokane, WA

    99202

    Shadle Park, Spokane, WA

    99205

    Frequently Asked Questions