Cities With the Fastest Growing Home Prices in Spokane Metro Area

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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 no 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 December 2022. The typical home value in the United States increased over the last year by +8.4%% to $356,819. Data was available for 37 cities and towns in Spokane.

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Stacker

#30. Chewelah, WA

- 1-year price change: +$16,169 (+4.7%)
- 5-year price change: +$97,829 (+37.1%)
- Typical home value: $361,671 (#27 most expensive city in metro)

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Stacker

#29. Colville, WA

- 1-year price change: +$16,447 (+5.1%)
- 5-year price change: +$96,901 (+39.9%)
- Typical home value: $340,001 (#29 most expensive city in metro)

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Stacker

#28. Spokane, WA

- 1-year price change: +$17,487 (+4.6%)
- 5-year price change: +$194,911 (+95.9%)
- Typical home value: $398,126 (#20 most expensive city in metro)

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Stacker

#27. Cheney, WA

- 1-year price change: +$17,727 (+4.3%)
- 5-year price change: +$192,578 (+82.1%)
- Typical home value: $427,158 (#15 most expensive city in metro)

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Stacker

#26. Addy, WA

- 1-year price change: +$19,204 (+5.6%)
- 5-year price change: +$107,453 (+42.0%)
- Typical home value: $363,367 (#26 most expensive city in metro)

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Stacker

#25. Tumtum, WA

- 1-year price change: +$19,473 (+6.6%)
- 5-year price change: +$108,201 (+53.0%)
- Typical home value: $312,306 (#30 most expensive city in metro)

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Stacker

#24. Rice, WA

- 1-year price change: +$19,650 (+5.4%)
- 5-year price change: +$115,768 (+43.7%)
- Typical home value: $380,983 (#21 most expensive city in metro)

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Stacker

#23. Airway Heights, WA

- 1-year price change: +$20,287 (+5.8%)
- 5-year price change: +$176,731 (+92.0%)
- Typical home value: $368,791 (#24 most expensive city in metro)

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Stacker

#22. Elk, WA

- 1-year price change: +$20,654 (+4.6%)
- 5-year price change: +$214,527 (+82.9%)
- Typical home value: $473,340 (#13 most expensive city in metro)

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Stacker

#21. Ford, WA

- 1-year price change: +$21,128 (+6.2%)
- 5-year price change: +$138,315 (+62.2%)
- Typical home value: $360,517 (#28 most expensive city in metro)

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#20. Latah, WA

- 1-year price change: +$21,613 (+7.5%)
- 5-year price change: +$138,315 (data not available)
- Typical home value: $308,777 (#31 most expensive city in metro)

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#19. Spokane Valley, WA

- 1-year price change: +$21,817 (+5.5%)
- 5-year price change: +$201,585 (+93.3%)
- Typical home value: $417,666 (#17 most expensive city in metro)

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#18. Clayton, WA

- 1-year price change: +$22,107 (+5.5%)
- 5-year price change: +$154,172 (+57.2%)
- Typical home value: $423,569 (#16 most expensive city in metro)

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#17. Fairfield, WA

- 1-year price change: +$22,285 (+7.8%)
- 5-year price change: +$164,122 (+114.0%)
- Typical home value: $308,146 (#32 most expensive city in metro)

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#16. Mead, WA

- 1-year price change: +$22,786 (+4.3%)
- 5-year price change: +$262,670 (+89.9%)
- Typical home value: $554,856 (#9 most expensive city in metro)

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Stacker

#15. Otis Orchards-East Farms, WA

- 1-year price change: +$23,285 (+5.0%)
- 5-year price change: +$234,763 (+93.7%)
- Typical home value: $485,242 (#11 most expensive city in metro)

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Stacker

#14. Loon Lake, WA

- 1-year price change: +$23,310 (+5.5%)
- 5-year price change: +$134,198 (+43.0%)
- Typical home value: $446,401 (#14 most expensive city in metro)

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#13. Northport, WA

- 1-year price change: +$24,114 (+9.0%)
- 5-year price change: +$88,119 (+43.4%)
- Typical home value: $291,285 (#34 most expensive city in metro)

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#12. Newman Lake, WA

- 1-year price change: +$24,260 (+5.0%)
- 5-year price change: +$238,525 (+88.6%)
- Typical home value: $507,696 (#10 most expensive city in metro)

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Stacker

#11. Gifford, WA

- 1-year price change: +$25,293 (+7.1%)
- 5-year price change: +$238,525 (data not available)
- Typical home value: $380,085 (#22 most expensive city in metro)

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