The City of Spokane is a mediam sized city home to 95,500 residents. The greater Spokane metropolitan area has a larger population of around 418,000 residents. Homes are affordable in Spokane and current mortgage rates that are near record lows according to Freddie Mac make owning a home even more affordable. If you already own a home current refinance rates are also near record lows. Mortgage rates today on 30 year home loans are less than 4.00%, in fact, some lenders are offering 30 year conforming mortgage rates at 3.75% but you can use a mortgage calculator online here monitorbankrates.com/mortgage-calculator to figure out how much home you can afford to buy. You can search for mortgage rates online just like you would search for the best CD rates when comparing CD rates.
Spokane is located in the heart of the Inland Northwest. Spokane is the shopping, entertainment, and medical hub for an area that includes Eastern Washington, Eastern Oregon, North Idaho, Western Montana, and southern portions of Alberta and British Columbia. There are many homes for sale in and around Spokane and with mortgage interest rates at record lows now is the time to buy a home. If you already own a home in Spokane you should look into refinancing your mortgage loan(s) since current refinance rates are also at record lows.
Natural beauty surrounds Spokane and the Spokane River runs through downtown with spectacular falls on the western end of our city core. The city has many parks including beautiful Riverfront Park which is also is in the heart of Spokane.
There are many attractions and things to do around the area including downhill and cross-country skiing, white-water rafting, camping areas, hiking trails, numerous lakes. In fact the Centennial Trail is very near Spokane.
The median home price in the Spokane-area is 118,000 and home prices gains the past 5 years is at 6.10%.