Cities with the fastest growing home prices in Spokane metro area

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July 26, 2022
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Cities with the fastest growing home prices in Spokane metro area

It goes without saying that the coronavirus pandemic has sparked a wave of uncertainty across myriad industries, and not other market has quite felt its impact like that of real estate.

The pandemic has become a driving force behind the continued real estate boom, with high demand for vacation homes and a limited supply of housing that has prompted buyers and investors to bid up prices for affordable properties, causing home prices to skyrocket. The ability to work remotely played a role in the vacation home demand in mid-2020, as affluent Americans opted to ride out the pandemic with more amenities and space outside dense urban areas.

Stacker compiled a list of cities with the fastest-growing home prices in Spokane-Spokane Valley, WA metro area using data from Zillow. Cities are ranked by 1-year price change as of June 2022. The charts in this story were created automatically using Matplotlib. The typical home value in the United States increased over the last year by +20.9% to $334,141. Data was available for 44 cities and towns in Spokane.

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#30. Fairfield, WA

- 1-year price change: +$42,094 (+15.4%)
- 5-year price change: +$170,466 (+117.0%)
- Typical home value: $316,125 (#34 most expensive city in metro)
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#29. Rice, WA

- 1-year price change: +$42,577 (+13.5%)
- 5-year price change: +$117,592 (+48.8%)
- Typical home value: $358,315 (#28 most expensive city in metro)
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Stacker

#28. Ford, WA

- 1-year price change: +$50,321 (+17.1%)
- 5-year price change: +$138,643 (+67.1%)
- Typical home value: $345,133 (#31 most expensive city in metro)
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#27. Latah, WA

- 1-year price change: +$51,852 (+18.9%)
- 5-year price change: +$138,643 (data not available)
- Typical home value: $325,883 (#33 most expensive city in metro)
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#26. Loon Lake, WA

- 1-year price change: +$53,430 (+14.3%)
- 5-year price change: +$138,988 (+48.3%)
- Typical home value: $426,760 (#21 most expensive city in metro)

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#25. Newport, WA

- 1-year price change: +$53,498 (+16.9%)
- 5-year price change: +$142,457 (+62.7%)
- Typical home value: $369,547 (#25 most expensive city in metro)
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#24. Clayton, WA

- 1-year price change: +$56,021 (+15.5%)
- 5-year price change: +$164,877 (+65.3%)
- Typical home value: $417,209 (#22 most expensive city in metro)
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#23. Cusick, WA

- 1-year price change: +$57,023 (+18.3%)
- 5-year price change: +$132,195 (+56.1%)
- Typical home value: $367,880 (#26 most expensive city in metro)
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#22. Millwood, WA

- 1-year price change: +$64,735 (+19.6%)
- 5-year price change: +$211,418 (+115.4%)
- Typical home value: $394,651 (#24 most expensive city in metro)
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#21. Airway Heights, WA

- 1-year price change: +$74,525 (+23.1%)
- 5-year price change: +$205,351 (+106.8%)
- Typical home value: $397,577 (#23 most expensive city in metro)

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#20. Medical Lake, WA

- 1-year price change: +$78,701 (+21.3%)
- 5-year price change: +$229,230 (+105.0%)
- Typical home value: $447,466 (#17 most expensive city in metro)
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#19. Rockford, WA

- 1-year price change: +$80,528 (+22.5%)
- 5-year price change: +$228,975 (+109.4%)
- Typical home value: $438,213 (#19 most expensive city in metro)
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#18. Spokane, WA

- 1-year price change: +$80,547 (+23.0%)
- 5-year price change: +$231,490 (+115.9%)
- Typical home value: $431,272 (#20 most expensive city in metro)
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#17. Spokane Valley, WA

- 1-year price change: +$81,244 (+22.3%)
- 5-year price change: +$234,886 (+111.1%)
- Typical home value: $446,256 (#18 most expensive city in metro)
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#16. Cheney, WA

- 1-year price change: +$82,443 (+21.8%)
- 5-year price change: +$229,707 (+99.7%)
- Typical home value: $460,068 (#16 most expensive city in metro)

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#15. Elk, WA

- 1-year price change: +$85,811 (+21.0%)
- 5-year price change: +$247,223 (+99.6%)
- Typical home value: $495,380 (#14 most expensive city in metro)
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#14. Deer Park, WA

- 1-year price change: +$91,280 (+21.8%)
- 5-year price change: +$253,058 (+98.4%)
- Typical home value: $510,145 (#13 most expensive city in metro)
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#13. Country Homes, WA

- 1-year price change: +$94,739 (+24.0%)
- 5-year price change: +$260,718 (+114.2%)
- Typical home value: $489,055 (#15 most expensive city in metro)
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#12. Fairwood, WA

- 1-year price change: +$104,624 (+24.2%)
- 5-year price change: +$270,371 (+101.5%)
- Typical home value: $536,729 (#12 most expensive city in metro)
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#11. Newman Lake, WA

- 1-year price change: +$105,032 (+23.7%)
- 5-year price change: +$281,302 (+105.7%)
- Typical home value: $547,425 (#10 most expensive city in metro)

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#10. Otis Orchards-East Farms, WA

- 1-year price change: +$108,243 (+25.1%)
- 5-year price change: +$287,046 (+114.1%)
- Typical home value: $538,648 (#11 most expensive city in metro)
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Stacker

#9. Nine Mile Falls, WA

- 1-year price change: +$111,293 (+22.7%)
- 5-year price change: +$288,676 (+92.3%)
- Typical home value: $601,477 (#8 most expensive city in metro)
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#8. Spangle, WA

- 1-year price change: +$115,631 (+22.6%)
- 5-year price change: +$322,748 (+105.8%)
- Typical home value: $627,936 (#7 most expensive city in metro)
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#7. Mead, WA

- 1-year price change: +$116,155 (+24.3%)
- 5-year price change: +$307,322 (+106.9%)
- Typical home value: $594,905 (#9 most expensive city in metro)
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#6. Chattaroy, WA

- 1-year price change: +$129,018 (+24.3%)
- 5-year price change: +$341,538 (+107.1%)
- Typical home value: $660,312 (#5 most expensive city in metro)

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#5. Colbert, WA

- 1-year price change: +$140,222 (+26.2%)
- 5-year price change: +$340,131 (+101.7%)
- Typical home value: $674,554 (#4 most expensive city in metro)
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#4. Liberty Lake, WA

- 1-year price change: +$140,524 (+27.3%)
- 5-year price change: +$331,990 (+103.0%)
- Typical home value: $654,431 (#6 most expensive city in metro)
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#3. Veradale, WA

- 1-year price change: +$147,441 (+24.8%)
- 5-year price change: +$378,748 (+104.5%)
- Typical home value: $741,136 (#3 most expensive city in metro)
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#2. Valleyford, WA

- 1-year price change: +$164,093 (+26.1%)
- 5-year price change: +$401,285 (+102.3%)
- Typical home value: $793,447 (#1 most expensive city in metro)
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#1. Mica, WA

- 1-year price change: +$167,023 (+27.2%)
- 5-year price change: +$409,204 (+109.9%)
- Typical home value: $781,555 (#2 most expensive city in metro)

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