North Spokane, Spokane, WA—99208
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — North Spokane, Spokane, WA
As of Oct '25, the median home price in North Spokane, Spokane, WA is $452,000, with a year-over-year change of -0.7%. This indicates that home prices in North Spokane, Spokane, WA are flat. According to Zillow, the 1-year price projection is 0.4%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $452,000 | -0.7% |
| Single Family | $454,000 | -0.7% |
| Condos | $230,000 | -3.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $442,000 | 0.7% |
2 Bed | $326,000 | -0.6% |
3 Bed | $423,000 | -0.2% |
4 Bed | $481,000 | -1.2% |
| 5 Bed | $591,000 | -1.3% |
% of Housing Stock
Rental Trends — North Spokane, Spokane, WA
As of July '25, Rentcast reports the average rent in North Spokane, Spokane, WA is $1,940, with a year-over-year rent change of 2.1%. Per bedroom, the median rent as of July '25 in North Spokane, Spokane, WA is studios: $1,060, 1-bedrooms: $1,180, 2-bedrooms: $1,430, 3-bedrooms: $2,390, 4-bedrooms: $2,710. The most common rental property sizes in North Spokane, Spokane, WA are 2-bedroom and 1-bedroom, accounting for 39.9% and 31.0% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,050 | $1,940 |
| Studio Rent | $1,020 | $1,060 |
| 1 Bed Rent | $995 | $1,180 |
| 2 Bed Rent | $1,300 | $1,430 |
| 3 Bed Rent | $2,440 | $2,390 |
| 4 Bed Rent | $2,650 | $2,710 |
% of Rental Stock
Property Listings — North Spokane, Spokane, WA
As of Oct '25, Realtor.com reports that the median days on market for a home in North Spokane, Spokane, WA is 44. This is a decrease of -9.0% 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 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 | $544,000 | -2.0% |
Listing Count | 290 | 5.0% |
| Listings as % of Homes | 0.6% | 5.0% |
Days on Market | 44 | -9.0% |
Demographics — North Spokane, Spokane, WA
As of the latest ACS Survey released in 2023, North Spokane, Spokane, WA has a population of 58,800, which has increased by 9.0% over the past 5 years. North Spokane, Spokane, WA is a moderately popular place for families, as children make up 24.0% of the population. The area has a moderately educated workforce, with 33.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.7% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 58,800 | 9.0% |
% Under 18 | 24.0% | -1.2% |
% Seniors | 19.1% | 15.1% |
% WFH | 13.7% | 132.2% |
% w/ College Degree | 33.8% | 1.2% |
As of the latest ACS Survey released in 2023, North Spokane, Spokane, WA is a predominantly white area, with 82.7% of the population identifying as white. The white population has shrunk by 2.6% in the last 5 years. The second most common race or ethnicity in North Spokane, Spokane, WA is hispanic, making up 5.5% of the population. Foreign-born residents account for 5.6% of the population in North Spokane, Spokane, WA, and this percentage has decreased by 13.8% 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 | 82.7% | -2.6% |
% Black | 2.2% | -4.3% |
% Hispanic | 5.5% | -1.8% |
% Asian | 2.1% | -12.5% |
% Foreign Born | 5.6% | -13.8% |
Mortgage and Risk — North Spokane, Spokane, WA
According to HUD data as of 2023, there were 1140 mortgage originations in North Spokane, Spokane, WA, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 57.0%, with 24.0% above 90% LTV (very high). This implies large mortgage risk in North Spokane, Spokane, WA. Investor activity is low, as 1.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 1,140 |
% Conventional Loans | 81.0% |
% Government Loans | 19.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — North Spokane, Spokane, WA
As of 2024, the percent of homes in North Spokane, Spokane, WA under the Section 8 program is 7.9%. 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 and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in North Spokane, Spokane, WA, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 774 |
Total Units Section 8 | 701 |
% Rentals under Section 8 | 7.9% |
% Occupied Section 8 | 87.6% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $105 | $995 | $1,100 |
| 2 Bedroom | $120 | $1,300 | $1,420 |
| 3 Bedroom | -$480 | $2,440 | $1,960 |
| 4 Bedroom | -$350 | $2,650 | $2,300 |
Affordability — North Spokane, Spokane, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.6 |
| Median Home Price | $452,000 |
| Median Household Income | $81,100 |