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Spokane County, WA

RANK #723 / 996 NAT  ·  #19 / 21 WA  ·  POP 538,711

1YR FORECAST: +0.9%

5YR OUTLOOK: +18%

Our model projects Spokane County's housing market at +0.9% over the next year, underperforming most U.S. counties.

[01] Why Spokane County?

Spokane County, located in eastern Washington, is distinguished by the Spokane River, which flows through its heart and features urban waterfalls. The county seat, Spokane, is about 280 miles east of Seattle and 20 miles west of the Idaho border. This proximity to natural landscapes provides residents with access to outdoor recreation, including hiking, biking, rafting, kayaking, and skiing, with notable areas like Riverfront Park and Mount Spokane. Commute options within the county include carpooling, public transit, and vanpooling. Several school districts serve the area, including Spokane Public Schools.

Life in Spokane County offers a blend of urban amenities and outdoor access. The economy, historically rooted in natural resources and a railroad hub, has seen recent growth in various sectors. Major investments are now flowing into areas like health care and social assistance, government, retail trade, and professional, scientific, and technical services. This economic evolution contributes to a changing demographic, attracting a mix of families and individuals seeking opportunities in a region with a growing population.

[02] Market Snapshot

Housing Ratio
5.7x

Above national median (4.7x)

GDP Growth
+3.1%

Above national median

Home Prices
+0.4%

Well below national median

Climate & Terrain
1.3

Moderate climate & terrain

Price/Rent
18x

Above national median (13x)

Housing is fairly valued at 5.7x relative to local economic output. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    Providence Health & Services Healthcare
    5,000+
  2. 2
    Fairchild Air Force Base Military
  3. 3
    MultiCare Health System Healthcare
  4. 4
    Amazon Logistics
    1,000+
  5. 5
    Mann-Grandstaff VA Medical Center Healthcare
  6. 6
    Avista Corporation Energy
  7. 7
    CHAS Health Healthcare
    500+
  8. 8
    Spokane Public Schools Education
  9. 9
    State of Washington Government
  10. 10
    Gonzaga University Education

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[04] Home Value Growth vs National

Spokane County U.S. National

The Numbers

DEMOGRAPHICS
Population
538,711
+1.36% YoY
Median Household Income
$70,394
Median Home Value
$331,600
+0.4% 12mo
Median Rent
$1,123
Average Annual Pay
$65,488
+4.9% YoY
Employment
243,161
+0.7% YoY
Income-to-Home-Value
0.2123
Near national average
Migration Inflow
2.95%
of pop. from another state
Bachelor's Degree+
31.9%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$410,000
Days on Market
71
Slower market
Months of Supply
3.1
Balanced market
Sale-to-List Ratio
99.2%
Near asking price
Sold Above List
29.3%
Listings w/ Price Drops
25.0%
Building Permits (2024)
3,626
Single-Family Permits
1,621

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Crime & Safety

B
SAFETY
GRADE
Homicide Rate
3.7
per 100K · nat avg 6.3
Firearm Fatalities
13.1
per 100K · nat avg 14.8
Injury Deaths
98.6
per 100K · nat avg 76.3
vs National Average
Below national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Air Quality

B
AIR QUALITY
GRADE
Median AQI (3yr)
41.7
Good
Good Air Days
69%
753 of 1,095 days
Unhealthy+ Days (3yr)
19
Includes 2 Very Unhealthy
Primary Pollutant
PM2.5
Fine particulate matter
Yearly Trend
2021
43
2022
40
2023
42
Median AQI · lower is better

Source: EPA Air Quality System (2021–2023). Grade based on 3-year average median AQI. Learn about AQI →

[07] Capital Investment

$723M
TOTAL
PROJECT AMOUNT STATUS
Two New Data Centers (Tax Exemption Legislation)
Undisclosed (potentially Microsoft, Avista)
$500M Proposed
Wheatland Wind Project
Cordelio Power
$150M Proposed
Spokane Valley 2026 Capital Expenditures (Infrastructure)
City of Spokane Valley
$48M Planned
Kaiser Aluminum Expansion
Kaiser Aluminum
$25M Completed

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[08] Score Breakdown

GDP Growth +3.1% 57 percentile
Population Growth +1.4% 80 percentile
Income Growth +9.9% 79 percentile
Vacancy Rate 0.7% 81 percentile
Home Price Change +0.4% 36 percentile
Rent Growth +1.7% 29 percentile
Price/Rent 18x 13 percentile

Bars show percentile rank among all 996 counties.

[09] Frequently Asked Questions

Is Spokane County, WA a good place to move to?

At 27/100, Spokane County faces headwinds that place it in the lower third of the 996 counties we track. Median income of $70,394 combined with job growth of +0.7% suggests the local economy is struggling to keep pace with national trends.

Is Spokane County affordable?

Spokane County leans toward the expensive side. A median home value of $331,600 against an income-to-home-value ratio of 0.21 means housing eats a bigger share of local earnings than the national norm. Renters face $1,123/month on average.

Is Spokane County growing or shrinking?

Spokane County's population is growing — up +1.4% YoY — while the job market is roughly flat (employment change of +0.7%). Home values shifted +0.4% over the past year. In-migration is outpacing local hiring, which often points to remote workers or retirees driving the headcount.

Are people moving to Spokane County?

There's a moderate stream of newcomers. About 2.95% of residents moved from another state, which is above average and suggests Spokane County has appeal as a relocation destination — though it's not among the highest-inflow counties nationally.

[10] Similar Counties by Size & Score

Kitsap County, WA 28 Benton County, WA 29 Walla Walla County, WA 31 Thurston County, WA 32 Clark County, WA 32 Snohomish County, WA 34 East Baton Rouge Parish, LA 28 Somerset County, NJ 28