Spokane Valley, Washington is a medium-sized city with a population of 93,322 inhabitants. At 91%, the majority of the Spokane Valley population is White; this is followed by 2% Asian and 1% Black. If finding a family friendly city is important to you, look no further. With more than 75% of the population considered married and 64% with kids under the age of 18, Spokane Valley could be considered a very suitable city for families.
Without the right tools, moving to any new town can be very stressful and challenging. Living in Spokane Valley, Washington could be a good experience for anyone who puts in the time to do the research required. To help you find the best places to live in and around Spokane Valley, AreaVibes has created a livability score using key metrics like amenities, crime, cost of living, weather, employment and more.
Spokane Valley has a livability score of 73 out of 100 and is ranked #100 in Washington and #7,343 in the USA. If we dig down a little deeper into each category within the livability score, we see that Spokane Valley has higher than average grades for the following: amenities (A+) and housing (B). There are some categories that Spokane Valley scores poorly for, including: crime (F) and weather (D). It might be worth taking a closer look to determine why.
Conveniently located amenities and interesting attractions are a great way to continuously enjoy Spokane Valley on a regular basis. Knowing that there are an abundance of amenities and things to do can ensure that you always have access to nearby grocery stores, restaurants and coffee shops.
Based on multiple factors including: median home and rental prices, appreciation rates and home affordability, Spokane Valley has received high marks in the housing category. Based on these calculations, the apartment rental and real estate market appears to be very healthy.
There are many factors that go into deciding if an area is the right fit for your lifestyle. Certain “must haves” like low crime, great schools and nearby amenities are all at the top of most people's lists. But before even considering if those options are available, most people will need to know if the real estate in Spokane Valley is actually affordable. The median home price for Spokane Valley homes is $169,900, which is 36.9% lower than the Washington average. If we take a closer look at the affordability of homes in Spokane Valley, we’ll see that the home price to income ratio is 3.6, which is 16.3% lower than the Washington average. Purchasing your new home can come with many financial benefits, some of which are more lucrative than others. Perhaps the most notable benefit could be the appreciation of your new home. Home appreciation rates are a good way to generate tax-free equity on a long term basis. The year over year appreciation rates in Spokane Valley were 12.7%, and the 5 year appreciation rates came in at 8.3%.
|Manitocannon Hill, Spokane||79||8.8||4,778|
|Lincoln Heights, Spokane||78||6.5||14,131|
|North Indian Trail, Spokane||77||13.4||7,003|