Spokane County Real Estate and Livability Trends
Rising average taxable incomes in Spokane County, Washington—from roughly $54,690.10 in 2013 to about $84,175.38 by 2021—point to economic growth that could boost property values. Concurrently, state and local income taxes per tax return more than doubled, reflecting higher income levels and a growing tax burden. Real estate taxes also nearly doubled between 2012 and 2021, indicating... Read more
Spokane County Market Trends
Spokane County's median home values have surged dramatically, reaching $331,600 in 2022, a notable climb from previous years that outpaces the national average. This makes it a potential hotspot for real estate investment, offering a more affordable alternative to Washington State's higher median value of $473,400. Residential energy tax credits have also seen a significant upward trend,... Read more
Median Value of Occupied Housing Units in Spokane County, Washington Over the Last 8 Years
Spokane County's median home values have surged over the last eight years, reaching $331,600 in 2022. This upward trend, much steeper than the national increase from $125,500 to $179,400, signals Spokane County as a potentially lucrative area for real estate investment. Compared to Washington State, where home values rose from $259,500 to $473,400, Spokane County offers a more affordable alternative while still experiencing significant growth. This sharp rise may indicate a healthy demand, making it an attractive option for those looking to invest, build, or move to the area.
Residential Energy Tax Credit Per Tax Return in Spokane County, WA Over the Last 9 Years
Recent trends in Spokane County, Washington's residential energy tax credits suggest a significant upward trajectory. Over the past nine years, there was a marked spike in average credits, rising from around $386.49 in 2013 to an astonishing $4,272.41 in 2018. Although this was followed by a decline, with the value dropping to $1,265.81 by 2021, the overall upward movement indicates increased energy-efficient investments by homeowners. These trends could be pivotal for investors, real estate agents, and property developers who aim to capitalize on the growing focus on energy efficiency in the region. This data may also offer valuable context for appraisers and insurance agents assessing property value and risks.
Average Real Estate Taxes Per Tax Return in Spokane County, WA Over the Last 10 Years
Over the past decade, real estate taxes per tax return in Spokane County, Washington, have shown a noticeable upward trend. Starting at $3,330.62 in 2012, they climbed steadily each year, with more accelerated growth seen post-2017, reaching $5,970.63 in 2021. This significant increase could signal rising property values and development in the area, drawing attention to investment potential while potentially impacting future property affordability. Real estate agents, appraisers, insurance agents, and those considering moving to or investing in Spokane County might view these figures as indicative of a robust, appreciating market.
Percentage of Farm Returns in Spokane County, WA Over the Last 10 Years
The percentage of farm tax returns in Spokane County, Washington, has seen a general decline from 2012 to 2021, moving from around 0.88% to approximately 0.63%. This indicates a slight but noticeable reduction in agricultural activity or farm-related filings over the years. For investors and residents, this trend might suggest a shift towards other economic activities and could influence decisions on where to allocate resources or develop properties. Understanding farm tax returns is critical because they reflect the health and size of the agricultural sector, impacting local economies, real estate development, and community planning.
Number of Mortgages by Occupancy Type in Spokane County, WA Over the Last 5 Years in Spokane County
Spokane County, Washington has seen a noticeable fluctuation in mortgage counts by occupancy type over the last five years, with principal residences consistently accounting for the highest number of mortgages. Investment property mortgages peaked in 2021 but showed varied activity in other years, which might indicate changing investor confidence or market conditions. Second residence mortgages have remained comparatively low but stable. These shifts could impact property values, rental markets, and the overall economic landscape, making it essential for investors, real estate agents, developers, and residents to keep an eye on such trends. For appraisers and insurance agents, understanding these dynamics could provide deeper insights into property usage and associated risks.
Economic Outlook
Spokane County, Washington has experienced rising average taxable incomes, climbing from around $54,690.10 in 2013 to roughly $84,175.38 by 2021, suggesting economic growth and enhancing property value prospects. Parallel to this, average state and local income taxes per tax return surged from $6,492.65 in 2012 to $15,046.43 in 2021, possibly indicating higher incomes and spending power but also a growing tax burden. The average total tax liability also increased, reflecting a stable economic... Read more
Average Taxable Income per Tax Return in Spokane County, WA over the last 9 years
Over the past nine years, Spokane County, Washington has seen a steady increase in average taxable income per tax return, starting at approximately $54,690.10 in 2013 and reaching roughly $84,175.38 by 2021. This trend may suggest economic growth and rising affluence in the area, which can be key indicators of potential increases in property values. For real estate agents, appraisers, and investors, this could mean a lucrative market, while insurance agents might observe higher coverage needs. New residents or those looking to build in Spokane County might find a thriving community with improving services supported by growing local income levels.
Average State and Local Income Taxes Per Tax Return in Spokane County, WA Over the Last 10 Years
Over the past decade, average state and local income taxes per tax return in Spokane County, Washington have seen significant growth, jumping from $6,492.65 in 2012 to $15,046.43 in 2021. This steady increase may hint at a rising cost of living or higher income levels in the county. For investors and real estate agents, this trend could suggest a more affluent population with potentially higher spending power. On the flip side, those moving to or living in Spokane County might be prepared for a rising tax burden, which could impact household budgets and cost-of-living considerations.
Average Total Tax Liability Per Tax Return in Spokane County, WA Over the Last 10 Years
Over the last decade, Spokane County, Washington has seen a steady increase in the average total tax liability per tax return. Starting at $8,911.39 in 2012, this figure has climbed to $13,839.68 by 2021. This trend is significant for potential investors and those in the real estate market, as it suggests a growing economic base and possibly rising incomes. Insurance agents and appraisers may also find this data relevant when assessing risk and property values. For prospective residents, the rising tax liability could signal a thriving community but also a higher cost of living.
Cost of Living in Spokane County
| Family Size | Housing | Food | Heath Care | Child Care | Taxes |
|---|---|---|---|---|---|
| 2 adults 4 children | $1,703 | $1,576 | $1,514 | $1,814 | $1,123 |
| 1 adult 4 children | $1,703 | $1,287 | $1,169 | $1,814 | $1,302 |
| 2 adults 3 children | $1,703 | $1,288 | $1,308 | $1,814 | $940 |
| 1 adult 3 children | $1,703 | $1,051 | $963 | $1,814 | $1,094 |
| 2 adults 2 children | $1,198 | $1,054 | $1,103 | $1,614 | $735 |
| 1 adult 2 children | $1,198 | $787 | $757 | $1,614 | $747 |
| 2 adults 1 child | $1,198 | $833 | $897 | $964 | $696 |
| 1 adult 1 child | $1,198 | $538 | $551 | $964 | $596 |
| 2 adults | $926 | $669 | $691 | $0 | $513 |
| 1 adult | $812 | $365 | $346 | $0 | $440 |
Safety trends & Data
In Spokane County, Washington, property crime trends over the last five years reveal persistent issues with larceny-theft, ranging from approximately $640.00 to $1,372.00 annually, and a slight rise in burglary rates stabilizing between $350.00 and $500.00 incidents per year. Vandalism remains a concern with occurrences varying between 464 and 601, while motor vehicle theft peaked at 151 incidents in 2019 but has since stabilized. Minor, ongoing trends in arson and stolen property crimes could... Read more
Property Crime Trends in Spokane County, WA Over the Last 5 Years
Over the last five years, Spokane County in Washington has seen fluctuating trends in property crimes. Larceny-theft remains a consistent issue, with numbers ranging from approximately 640 to 1,372 annually, indicating persistent theft problems. Burglary rates have hovered between 350 and 500 incidents per year, showing a slight increase before plateauing. Vandalism incidents have shown some volatility but remain a notable concern, with figures varying between 464 and 601 occurrences. A noteworthy rise was seen in motor vehicle theft in recent years, peaking at 151 incidents in 2019 but stabilizing somewhat later. Additionally, arson and crimes involving stolen property showed minor, yet consistent, activity over the years, which could be indicative of underlying socio-economic conditions that might interest investors or property developers. This data may prove crucial for real estate agents, appraisers, and insurance agents in assessing property valuations and risk assessments.
Demographics
Spokane County's demographics in 2022 suggest a fairly balanced gender distribution among adults, with slightly more females than males. Educational attainment shows a significant portion of the population has some college experience or higher, though a smaller segment with less than high school education persists. Age distribution is varied, but the 25 to 34-year-old bracket seems to be the most populous. Racial composition remains predominantly White, although diverse minority groups are also... Read more
Race Distribution in Spokane County, Washington (2022)
Educational Attainment in Spokane County, Washington (2022)
Age Distribution in Spokane County, Washington
Citizen Population in Spokane County, Washington (2022)
Political Trends & Data
In Spokane County, Washington, the 2020 U.S. Presidential Election showcased a slight advantage for Republicans with approximately 50.3% of the vote, while Democrats closely followed at around 45.9%. Libertarians and smaller parties likely contributed 2.4% and 1.3% of the vote, respectively, hinting at a predominantly two-party dynamic with minimal third-party impact. This political landscape might help explain the county's marginal Republican... Read more
Percentage of Votes in the 2020 U.S. Presidential Election by Party
In Spokane County, Washington during the 2020 U.S. Presidential Election, Republicans seemed to have a slight edge with approximately 50.3% of the vote, closely followed by Democrats with around 45.9%. Libertarians and other smaller parties possibly made up about 2.4% and 1.3% of the vote, respectively. This could indicate a predominantly two-party dynamic with minor influence from third parties, which might suggest why election outcomes in this county leaned slightly toward the Republican side.
50.29% of voters voted for the Republican party in the 2020 Presidential Election
45.96% of voters voted for the Democrat party in the 2020 Presidential Election
2.42% of voters voted for the Livertarian party in the 2020 Presidential Election
0.44% of voters voted for the Green party in the 2020 Presidential Election
0.90% of voters voted for the Other party in the 2020 Presidential Election
School Data
Spokane County, Washington's student-to-teacher ratio has fluctuated from 15 in 2019 to just over 20 in 2017, with a recent figure of nearly 17 students per teacher in 2023, still above the national average of 14. This higher ratio could signal potential challenges in school funding or shifts in population density, affecting local property values and insurance rates. Investors, appraisers, and real estate agents need to consider these dynamics, as areas with more balanced ratios often attract... Read more
Student-to-teacher ratio in Spokane County, Washington over the last 9 years
Spokane County, Washington has seen fluctuations in its student-to-teacher ratio over the past nine years, with figures ranging from 15 in 2019 to just over 20 in 2017. Despite these shifts, the latest figure in 2023 shows a ratio of nearly 17 students per teacher, which is still above the national average of 14. For investors, appraisers, and real estate agents, this higher ratio could imply potential challenges in school funding or shifts in population density. On the flip side, parents and those considering a move might weigh this factor heavily, especially if smaller class sizes and more individualized attention are a priority. School occupancy types and ratios might also impact local property values and insurance rates, as areas with more balanced ratios often attract more families, thus influencing market dynamics.
