Spokane, WA

Population: 212,052
Average annual home appreciation rate: 13.21%
Total of homes for sale in this market: 1,130
Median home price: $167,672
Median Rent: $820 per room
Home price range: 51.84% of homes are between $104,001 – $209,000
Median sales price: $165,000
Number of homes: 804
Median foreclosure sales price: $83,520
Foreclosure discount: 49%
Most common home type: 65.65% of homes are SINGLE FAMILY DETACHED
Number of vacant homes: 8.00%
Number of renters: 44.89%
Number of owner occupied: 55.11%
Number people living below poverty level: 19.19%
Unemployment rate: 5.70%
Is this area perfect for real estate deals going on right now? With the history of positive appreciation in the Spokane area, a rental property (based on the much higher than average rental rates) could be a profitable investment for the savvy buy and hold investor.

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