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  5. /Shadle Park, Spokane, WA - 99205

Shadle Park, Spokane, WA—99205

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$323,000
0.7% YoY Growth
Household Income
$72,500
41.9% YoY Growth
Days on Market
30
8.0% Shorter YoY
Home Price Forecast
-0.8%
Median Rent
$1,650
0.6% YoY Growth
1-Bed Rent
$995
8.5% YoY Growth
2-Bed Rent
$1,500
5.6% YoY Growth
3-Bed Rent
$1,950
1.6% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Shadle Park, Spokane, WA

As of May '26, the median home price in Shadle Park, Spokane, WA is $323,000, with a year-over-year change of -0.7%. This indicates that home prices in Shadle Park, Spokane, WA are flat. 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
$323,000-0.7%
Single Family $323,000-0.9%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
    • $241,000
    -2.8%
    2 Bed
    		$287,000-1.4%
    3 Bed
    		$337,000-0.6%
    4 Bed
    		$365,000-0.5%
    5 Bed $398,336-0.8%
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    % of Housing Stock

    Studio
    1.5%
    1 Bedroom
    7.9%
    2 Bedrooms
    28.7%
    3 Bedrooms
    35.2%
    4 Bedrooms
    21.4%
    5+ Bedrooms
    5.3%

    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.

    TypeMedian RentAverage Rent
    Average Rent$1,650$1,630
    Studio Rent N/AN/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
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    % of Rental Stock

    Studio
    3.8%
    1 Bedroom
    19.6%
    2 Bedrooms
    37.5%
    3 Bedrooms
    28.7%
    4 Bedrooms
    9.3%
    5+ Bedrooms
    1.1%

    Property Listings — Shadle Park, Spokane, WA

    As of May '26, Realtor.com reports that the median days on market for a home in Shadle Park, Spokane, WA is 30. This is a decrease of -8.0% 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.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$343,000-5.0%
    Listing Count
    		2069.0%
    Listings as % of Homes0.5%9.0%
    Days on Market
    		30-8.0%
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    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.

    MetricLatest CensusYoY % Change
    Population
    		43,3000.1%
    % Under 18
    		22.0%-2.2%
    % Seniors
    		14.0%2.9%
    % WFH
    		14.3%286.5%
    % w/ College Degree
    		26.0%11.6%
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    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

    MetricLatest Census5-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%
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    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

    MetricZip 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%
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    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 SizeHUD PremiumMarket RentMax 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

    MetricZip Code Average
    Home Price to Income Ratio4.5
    Median Home Price$323,000
    Median Household Income$72,500

    Shadle Park, Spokane, WA — ZIP Code Boundary Map

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    Nearby ZIP Codes

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    Frequently Asked Questions