Latest update skip to Spokane data
Using Census microdata from IPUMS USA, we can get a far more comprehensive view of Spokane's housing value beyond just the median home value provided by the Census.
IPUMS USA, University of Minnesota, www.ipums.org.
What this chart shows: Homes $200k and below have declined a great deal, while $300k and above have increased. Homes between $200k and $300k have been decreasing in the recent years as well.
What this means: It's been a boon for homeowners as values rise, but the massively shrinking sub-$200k group means people looking to buy their first homes are being left behind.
What's missing: 2020 and 2021 data. 2020 experimental ACS data will be released in November, and that may capture some COVID-driven changes.
What counts as a home: All owner-occupied or vacant-for-sale units were covered, including mobile homes, condominiums, units with offices or businesses attached, and houses on lots of any size.
Median home value jumped by 42.9% from 2014 to 2019, but median income has only climbed 23.98%. Meanwhile, homes $200k and below are only 21% of the total (down from 49% in 2014).
Demographics
*Some counties excluded from ACS 1-year data due to small population sizes
| Rank | County | % change |
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Population
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Households
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Spokane's population has steadily increased as far back as 2010. It's likely that with COVID-19 and the effect it has had on population migration that Spokane County's population will continue growing.
Age distribution
Age group
Economics
Per capita income
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Median income
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0
Housing
Source here
Percentage of people, both homeowners and renters, that are spending 35% or more of their income on rent/mortgage.
Source here
Source here
Note: Will eventually convert this to an inflation-adjusted version.