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Spokane

Learn about the people, housing, costs and businesses in Spokane, Louisiana

Median Home$124,700
Median Rent$625/month
Population396
Leading IndustriesInformation & Media · Finance & Insurance · Construction12% information & media
Home Value Growth-10.6% over 2 years
Retirees29% of residentswell above average
Homeowners84% of occupied units
NotableTransit80/100 · excellent transit access
NotableAffordable Market$125k median home · lower cost than 82% of the country
Spokane
LA

Frequently Asked Questions

What are today's mortgage rates in Spokane?

As of today, the 30-year fixed mortgage rate for Spokane is approximately 7.059% (7.101% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Spokane?

The median home value in Spokane is $125k. The median monthly rent is $625. Annual property taxes average $459. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Spokane?

Home values in Spokane have decreased 10.6% over the past two years. Buyers may find more negotiating room in this market. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Spokane?

Based on a typical all-in ownership cost of $577/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $25k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Spokane is $46k/year.

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What industries drive the economy in Spokane?

The largest employment sectors in Spokane are public administration (24%) and information and media (12%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.