Moran Prairie, Spokane, WA—99223
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Moran Prairie, Spokane, WA
As of Oct '25, the median home price in Moran Prairie, Spokane, WA is $487,000, with a year-over-year change of -0.4%. This indicates that home prices in Moran Prairie, 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 | $487,000 | -0.4% |
| Single Family | $491,000 | -0.4% |
| Condos | $236,000 | -0.8% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $520,000 | 1.4% |
2 Bed | $370,000 | 0.5% |
3 Bed | $462,000 | 0.0% |
4 Bed | $526,000 | -1.1% |
| 5 Bed | $638,000 | -1.2% |
% of Housing Stock
Rental Trends — Moran Prairie, Spokane, WA
As of July '25, Rentcast reports the average rent in Moran Prairie, Spokane, WA is $1,810, with a year-over-year rent change of -10.4%. Per bedroom, the median rent as of July '25 in Moran Prairie, Spokane, WA is studios: $783, 1-bedrooms: $1,210, 2-bedrooms: $1,340, 3-bedrooms: $2,220, 4-bedrooms: $2,620. The most common rental property sizes in Moran Prairie, Spokane, WA are 1-bedroom and 2-bedroom, accounting for 37.8% and 36.6% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,700 | $1,810 |
| Studio Rent | $725 | $783 |
| 1 Bed Rent | $1,100 | $1,210 |
| 2 Bed Rent | $1,200 | $1,340 |
| 3 Bed Rent | $2,100 | $2,220 |
| 4 Bed Rent | $2,500 | $2,620 |
% of Rental Stock
Property Listings — Moran Prairie, Spokane, WA
As of Oct '25, Realtor.com reports that the median days on market for a home in Moran Prairie, Spokane, WA is 44. 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 41.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $595,000 | 1.0% |
Listing Count | 175 | 16.0% |
| Listings as % of Homes | 0.3% | 16.0% |
Days on Market | 44 | -3.0% |
Demographics — Moran Prairie, Spokane, WA
As of the latest ACS Survey released in 2023, Moran Prairie, Spokane, WA has a population of 35,800, which has increased by 13.4% over the past 5 years. Moran Prairie, Spokane, WA is a moderately popular place for families, as children make up 22.9% of the population. The area has a highly educated workforce, with 51.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 21.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 35,800 | 13.4% |
% Under 18 | 22.9% | -5.4% |
% Seniors | 20.2% | 5.8% |
% WFH | 21.3% | 267.2% |
% w/ College Degree | 51.4% | 9.8% |
As of the latest ACS Survey released in 2023, Moran Prairie, Spokane, WA is a predominantly white area, with 79.1% of the population identifying as white. The white population has shrunk by 6.4% in the last 5 years. The second most common race or ethnicity in Moran Prairie, Spokane, WA is hispanic, making up 6.4% of the population. Foreign-born residents account for 8.9% of the population in Moran Prairie, Spokane, WA, and this percentage has increased by 45.9% 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 | 79.1% | -6.4% |
% Black | 4.0% | 150.0% |
% Hispanic | 6.4% | 60.0% |
% Asian | 3.0% | 15.4% |
% Foreign Born | 8.9% | 45.9% |
Mortgage and Risk — Moran Prairie, Spokane, WA
According to HUD data as of 2023, there were 617 mortgage originations in Moran Prairie, Spokane, WA, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 17.0% above 90% LTV (elevated). This implies medium mortgage risk in Moran Prairie, Spokane, WA. Investor activity is low, as 1.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 617 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Moran Prairie, Spokane, WA
As of 2024, the percent of homes in Moran Prairie, Spokane, WA under the Section 8 program is 11.1%. 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 Moran Prairie, 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 | 580 |
Total Units Section 8 | 580 |
% Rentals under Section 8 | 11.1% |
% Occupied Section 8 | 90.1% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $70 | $1,100 | $1,170 |
| 2 Bedroom | $310 | $1,200 | $1,510 |
| 3 Bedroom | -$10 | $2,100 | $2,090 |
| 4 Bedroom | -$50 | $2,500 | $2,450 |
Affordability — Moran Prairie, Spokane, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 5.3 |
| Median Home Price | $487,000 |
| Median Household Income | $91,400 |