Is Spokane a good place to buy investment property?
Table of Contents
Is Spokane a good place to buy investment property? Spokane is experiencing substantial gains when it comes to real estate investors. Being an affordable place providing great life quality, it’s among the best options for property investment. Well-established companies are also establishing their presence in Spokane, e.g., Amazon.
Will housing prices go down in Spokane? “I don’t think Spokane will have a crash in prices, but I think the area is going to suffer a prolonged period of housing unaffordability,” Johnson said. The nationwide median price for all housing types in April was $391,200, up 14.8% from $340,000 in April 2021, according to the National Association of Realtors.
Is Spokane a good rental market? Spokane has been one of the hottest real estate markets in the country for many years. Home prices in the Spokane real estate market are expected to rise at a steady pace in 2022. There is a high housing demand in the Spokane housing market and the current supply equals 19 days.
Is Spokane a good place to buy a house? Home prices in Spokane have risen by 28.4% over the last year or so, but they are still relatively affordable for home buyers. In fact, the city has one of the highest affordability rankings in the state. This is good news for those who are thinking of buying a home in Spokane in 2022.