Rent-to-Own Homes in Spokane, WA: What You Need to Know
Spokane is the second-largest city in Washington state. The housing market is thriving, favoring sellers. Many young professionals have settled here, looking to establish their adult lives. The schools are excellent and the suburbs surrounding the city are ideal for family rearing.
What is the Housing Availability in Spokane, WA?
Single-family detached homes are the most common housing unit in Spokane, accounting for 66% of all homes. The median age of most Spokane homes is 58, which is 18 years older than the average United States home. The median home value is currently $187,600 and just over half the residents own their homes. However, if you are interested in renting, studio apartments are roughly $575 per month, while one-bedrooms are $680 and two bedrooms are $900. Larger apartments tend to cost more, breaching the $1,000 mark. For example, three-bedrooms cost $1,280 and four-bedrooms cost $1,485.
Schools and Education in Spokane, WA
The Spokane School District has 64 public schools teaching 30,000 students. These students’ math and reading scores consistently rank high enough that the Spokane School District is within the top 50% of all Washington schools. There are 61 private schools available, as well. 11,000 students use these schools.
If you are seeking out higher education, there are 4 colleges in Spokane and 23 colleges within a 200-mile radius of the city. Gonzaga University, Spokane Community College, Spokane Falls Community College, and Whitworth University are all located within the city.
Spokane’s Local Culture
Spokane is packed with delicious restaurants, each with its own flavor, yet distinctly Washington-state. Boot’s Bakery and Lounge is an entirely vegan restaurant that serves sweet and savory dishes and rich espresso. The menu can vary from day to day, as all ingredients are supplied by local farmers. If you find yourself craving Italian, the Italian Trattoria should be your go-to. The menu is seasonally based and all dishes are crafted using fresh ingredients from Washington and Italy. The Italia Breakfast comes with hand-made Italian sausage and crispy home fries for the Rigatoni has house-made pasta and creamy blue cheese sauce. Should you find yourself hungry for Ethiopian food, the Queen of Sheba is an absolute must!
How Many People Live in Spokane, WA?
228,000 people call Spokane home, making it the second-largest city in all of Washington. Of this total population, 85% are White, 6% are Mixed, 3% are Asian American, and 2% are African American. During the 1990s, many former Soviet Union immigrants settled in Spokane. 28% of all residents are under 18 years old, and 15% are over 65. The median age is 36. Out of all adults, 93% have their high school diploma, and 31% have their bachelor’s degree. 17% of all residents are living below the poverty line.
What Are the Best Neighborhoods in Spokane, WA?
One of the best places to live in all of Washington, Liberty Lake is home to 10,000 people. These residents are primarily families who enjoy a dense, suburban environment and top-rated public schools. The median home value is $286,000 and just over half the population owns their home. The median rent is $1,130.
6,000 people call Country Homes their home. The majority of residents are young professionals who enjoy a dense, suburban environment and well regard public schools. The median home value is $248,000 and the median rent is $810. The split between those who rent and those who own is fairly even.
Mead is home to 7,000 residents. These residents enjoy a blend of suburban and rural, and excellent public schools. The median home value is $239,000 and the majority of residents own their homes. The median rent is $996.