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Spokane County, WA

RANK #830 / 1001 NAT  ·  #15 / 21 WA  ·  POP 549,056

1YR FORECAST: -1.6%

5YR OUTLOOK: +22%

Our model projects Spokane County's housing market at -1.6% 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.

MARKET PROFILE

Western Premium Correction

Spokane County is one of 78 U.S. counties in this market profile — weaker than typical on the BoomTown Index. Within this cohort, its recent home-price change of +0.4% runs above the profile's typical -0.8%.

See all 78 Western Premium Correction counties →

[02] Market Snapshot

Housing Ratio
13.4x

Overvalued relative to economy

Home Prices
+0.4%

Well below national median

Climate & Terrain
1.3

Moderate climate & terrain

Price/Rent
22x

Prices detached from rents

Housing looks overvalued at 13.4x — home prices are high 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

Bars show trailing 12-month growth. The dashed Forecast bars are the model's next-12-month projection; the whisker marks the ±1% range (cooling–accelerating).

The Numbers

DEMOGRAPHICS
Population
549,056
+0.87% YoY
Median Household Income
$78,582
Median Home Value
$410,700
+0.36% 12mo
Median Rent
$1,283
Average Annual Pay
$68,870
+5.2% YoY
Employment
243,889
+0.3% YoY
Income-to-Home-Value
0.1913
Near national average
Migration Inflow
2.64%
of pop. from another state
Bachelor's Degree+
33.1%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$447,500
Days on Market
19
Very hot — homes selling fast
Months of Supply
2.9
Seller's market
Sale-to-List Ratio
99.9%
Near asking price
Sold Above List
31.4%
Listings w/ Price Drops
38.4%
Building Permits (2025)
2,976
Single-Family Permits
1,375

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

Population Growth +0.9% 62 percentile
Income Growth +6.9% 98 percentile
Vacancy Rate 0.9% 57 percentile
Home Price Change +0.4% 30 percentile
Rent Growth +1.2% 22 percentile
Price/Rent 22x 9 percentile

Bars show percentile rank among all 1001 counties.

[09] Frequently Asked Questions

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

The data is not encouraging — Spokane County scores just 16/100 on the Boom Town Index, ranking #830 of 1001 counties. Job growth at +0.3% and median household income of $78,582 reflect an economy that has been contracting or stagnating relative to the rest of the country.

Is Spokane County affordable?

Spokane County leans toward the expensive side. A median home value of $410,700 against an income-to-home-value ratio of 0.19 means housing eats a bigger share of local earnings than the national norm. Renters face $1,283/month on average.

Is Spokane County growing or shrinking?

Spokane County's population is growing — up +0.9% YoY — while the job market is roughly flat (employment change of +0.3%). 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 2.64% 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

Pierce County, WA 17 Thurston County, WA 17 Island County, WA 18 Clark County, WA 14 Skagit County, WA 19 Whatcom County, WA 12 Dane County, WI 16 Ada County, ID 16