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Sprague

Learn about the people, housing, costs and businesses in Sprague, Washington

Median Home$242,600
Median Rent$871/month
Population489
Leading IndustriesConstruction · Agriculture & Mining · Professional Services14% construction
Home Value Growth-6.4% over 2 years
Young Adults31% of residentsabove average nationally
Homeowners78% of occupied units
Sprague
WA

Frequently Asked Questions

What are today's mortgage rates in Sprague?

As of today, the 30-year fixed mortgage rate for Sprague is approximately 6.998% (7.041% 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 Sprague?

The median home value in Sprague is $243k. The median monthly rent is $871. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Sprague?

Home values in Sprague have decreased 6.4% 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 Sprague?

Based on a typical all-in ownership cost of $762/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $33k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Sprague is $58k/year.

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What industries drive the economy in Sprague?

The largest employment sectors in Sprague are public administration (26%) and agriculture and mining (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.