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Affordable
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These days, finding an affordable place to live in the Spanaway area can be challenging. Home prices in Spanaway are now at a median cost of $449,845, lower than the Washington average of $621,115.
The average cost of rent is $2,070/mo in Spanaway, primarily driven by the current value of real estate in the Spanaway area. In Spanaway, 23.84% of households rent, and 26.96% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Spanaway is $9,121 per month. Households that rent pay about 22.70% of their income on rent here. Spanaway’s most expensive areas are in the southwestern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Graham, WA: higher priced homes
- Parkland, WA: equally priced homes
- Clover Creek, WA: higher priced homes
- South Hill, WA: higher priced homes
- South Creek, WA: higher priced homes
- Midland, WA: equally priced homes
- Puyallup, WA: higher priced homes
- Tillicum, WA: higher priced homes
- Kapowsin, WA: higher priced homes
- Mckenna, WA: equally priced homes
Cities with Similar Populations
- Greensburg, PA: less expensive homes
- Minnetonka, MN: equally priced homes
- Winter Garden, FL: equally priced homes
- West New York, NJ: equally priced homes
- Vero Beach, FL: equally priced homes
- Taunton, MA: less expensive homes
- Stratford, CT: less expensive homes
- Sebring, FL: less expensive homes
- Olive Branch, MS: less expensive homes
- New Iberia, LA: less expensive homes
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