Spokane is a large city located in the middle of the state of Washington. It has a population of nearly 215,000 people and is one of the economic and cultural centers of the state. Due to the strong local economy and recreational opportunities in the area, Spokane continues to have a strong housing market.
Overall, Spokane has a strong economy with plenty of opportunities for employment. The city is the home to Washington State University Spokane, which employs thousands of people and is also affiliated with a major hospital system. Spokane also has a strong financial services economy, which includes plenty of jobs in banking and insurance. The city is considered the economic hub of central Washington and brings in thousands of daily commuters for work.
Spokane is also well known for its educational opportunities. The city is served by the Spokane Public Schools, which is the largest school system in the area and the second largest in the state. Overall, it has nearly 30,000 students that attend one of 40 different schools. After graduating from high school, there are many options for higher education. Washington State University Spokane is a major school that brings in thousands of new students every year. The city is also home to Gonzaga University and Eastern Washington University.
There are also a lot of recreational activities in and around Spokane. It is just outside of the Rocky Mountain foothills, which provides a lot of options for skiing, hiking, and camping. It is also near a number of rivers and lakes, which provide a lot of activity during the warmer months of the year.
Overall, the real estate market in Spokane has trended positively over the past few years and the trend is expected to continue. Spokane has a median home price of $165,000, which makes it very affordable for those that are looking for homes for sale. Newly listed houses in the city tend to sell quickly due to the strong economy and low rates. In the upcoming year, Zillow expects that properties for sale will continue to sell quickly and MLS listings for house and condo listings will see a 3% appreciation.
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