Spokane Valley, WA

About Spokane Valley

Spokane Valley, Washington, presents a compelling case for those seeking a blend of affordability and a relaxed lifestyle. With a median home value of around $307,700, significantly below the national average, and a high homeownership rate of 94.0%, the Valley offers a tangible pathway to homeownership. The cost of living is further eased by a median household income of $66,483, making the local economy accessible to many. Though the area lacks in walkability, as reflected by its low walk score, the quiet environment and low noise levels create a peaceful setting that many find appealing. From an investment perspective, Spokane Valley provides a stable housing market. While median rents are at $2,707/month, the high homeownership rate suggests a strong preference for owning property. The violent crime rate of 3.7 per 1,000 residents is relatively low, and the property crime rate of 38.3 per 1,000 residents is a key consideration. The area is well-suited for families and individuals prioritizing affordability and a quieter pace of life. The Valley's air quality is notably good, with an AQI of 38, contributing to a healthier living environment. The climate risk is identified as very high, which is an important factor to consider. The area’s electricity rate is quite reasonable at 10.4¢/kWh. Spokane Valley, known for its popular local spots, offers a blend of accessibility and tranquility.