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Spokane R-VII

Learn about the people, housing, costs and businesses in Spokane R-VII, Missouri

Median Home$233,854
Median Rent$971/month
Population10,608
Leading IndustriesWholesale Trade · Manufacturing · Education14% wholesale trade
Home Value Growth⬆⬆+16.9% over 2 years
Retirees24% of residentsabove average nationally
Homeowners87% of occupied units
Spokane R-VII
MO

Frequently Asked Questions

What are today's mortgage rates in Spokane R-VII?

As of today, the 30-year fixed mortgage rate for Spokane R-VII is approximately 6.891% (6.927% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Spokane R-VII
What is the median home price in Spokane R-VII?

The median home value in Spokane R-VII is $234k. The median monthly rent is $971. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Spokane R-VII?

Home values in Spokane R-VII have increased 16.9% over the past two years. This indicates a strong appreciation trend. 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 R-VII?

Based on a typical all-in ownership cost of $941/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $40k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Spokane R-VII is $77k/year.

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What industries drive the economy in Spokane R-VII?

The largest employment sectors in Spokane R-VII are public administration (24%) and wholesale trade (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.