Shadle Park, Spokane, WA—99205
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Shadle Park, Spokane, WA
As of Oct '25, the median home price in Shadle Park, Spokane, WA is $315,000, with a year-over-year change of -0.8%. This indicates that home prices in Shadle Park, Spokane, WA are flat. According to Zillow, the 1-year price projection is 0.0%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $315,000 | -0.8% |
| Single Family | $315,000 | -0.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $236,000 | 0.9% |
2 Bed | $280,000 | -0.7% |
3 Bed | $328,000 | -0.9% |
4 Bed | $356,000 | -0.8% |
| 5 Bed | $388,000 | -0.8% |
% of Housing Stock
Rental Trends — Shadle Park, Spokane, WA
As of July '25, Rentcast reports the average rent in Shadle Park, Spokane, WA is $1,630, with a year-over-year rent change of 0.6%. Per bedroom, the median rent as of July '25 in Shadle Park, Spokane, WA is 1-bedrooms: $1,060, 2-bedrooms: $1,500, 3-bedrooms: $1,960, 4-bedrooms: $2,330. The most common rental property sizes in Shadle Park, Spokane, WA are 2-bedroom and 3-bedroom, accounting for 37.5% and 28.7% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,650 | $1,630 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $995 | $1,060 |
| 2 Bed Rent | $1,500 | $1,500 |
| 3 Bed Rent | $1,950 | $1,960 |
| 4 Bed Rent | $2,400 | $2,330 |
% of Rental Stock
Property Listings — Shadle Park, Spokane, WA
As of Oct '25, Realtor.com reports that the median days on market for a home in Shadle Park, Spokane, WA is 39. This is a increase of 2.0% 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 46.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $345,000 | 1.0% |
Listing Count | 221 | 12.0% |
| Listings as % of Homes | 0.5% | 12.0% |
Days on Market | 39 | 2.0% |
Demographics — Shadle Park, Spokane, WA
As of the latest ACS Survey released in 2023, Shadle Park, Spokane, WA has a population of 43,300, which has remained stable by 0.1% over the past 5 years. Shadle Park, Spokane, WA is a moderately popular place for families, as children make up 22.0% of the population. The area has a moderately educated workforce, with 26.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 43,300 | 0.1% |
% Under 18 | 22.0% | -2.2% |
% Seniors | 14.0% | 2.9% |
% WFH | 14.3% | 286.5% |
% w/ College Degree | 26.0% | 11.6% |
As of the latest ACS Survey released in 2023, Shadle Park, Spokane, WA is a predominantly white area, with 81.4% of the population identifying as white. The white population has shrunk by 3.4% in the last 5 years. The second most common race or ethnicity in Shadle Park, Spokane, WA is hispanic, making up 7.3% of the population. Foreign-born residents account for 3.3% of the population in Shadle Park, Spokane, WA, and this percentage has increased by 32.0% 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 | 81.4% | -3.4% |
% Black | 1.5% | 36.4% |
% Hispanic | 7.3% | 28.1% |
% Asian | 1.6% | 45.5% |
% Foreign Born | 3.3% | 32.0% |
Mortgage and Risk — Shadle Park, Spokane, WA
According to HUD data as of 2023, there were 1118 mortgage originations in Shadle Park, Spokane, WA, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 63.0%, with 36.0% above 90% LTV (very high). This implies large mortgage risk in Shadle Park, Spokane, WA. Investor activity is low, as 2.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 1,118 |
% Conventional Loans | 74.0% |
% Government Loans | 26.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Shadle Park, Spokane, WA
As of 2024, the percent of homes in Shadle Park, Spokane, WA under the Section 8 program is 9.4%. 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 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Shadle Park, Spokane, WA, because HUD payments exceed market rent, while 2-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 486 |
Total Units Section 8 | 482 |
% Rentals under Section 8 | 9.4% |
% Occupied Section 8 | 89.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $125 | $995 | $1,120 |
| 2 Bedroom | -$60 | $1,500 | $1,440 |
| 3 Bedroom | $40 | $1,950 | $1,990 |
| 4 Bedroom | -$70 | $2,400 | $2,330 |
Affordability — Shadle Park, Spokane, WA
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.3 |
| Median Home Price | $315,000 |
| Median Household Income | $72,500 |