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Spokane County, WA

RANK #739 / 996  ·  POP 538,711  ·  WA

PROJECTED GROWTH: -0.2%

Spokane County ranks in the bottom tier of U.S. counties on economic momentum.

[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] Signal Profile

[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

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] 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.

[06] 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.

[07] Frequently Asked Questions

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

Spokane County has a Boom Town Index score of 26/100, ranking #739 among 996 U.S. counties. With job growth at +0.7% and a median household income of $70,394, it faces some economic headwinds compared to faster-growing counties.

Is Spokane County affordable?

The median home value in Spokane County is $331,600 with median rent at $1,123/month. The income-to-home-value ratio is 0.2123, which is less affordable than the national average.

Is Spokane County growing or shrinking?

Population growth: +1.4% year-over-year. Job growth: +0.7%. Home values changed +0.4% in the past 12 months.

Are people moving to Spokane County?

Yes — 2.95% of Spokane County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

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