Best Neighborhoods to Invest in Spokane: Where Value Can Grow

Spokane’s real estate market continues to show resilience and value growth, even in shifting national conditions. Whether you're looking for long-term appreciation, short-term equity opportunities, or value-add renovation projects, the city offers a wide variety of neighborhoods to match every investor’s strategy. As a Spokane real estate agent, I’m writing this to share insight based on daily experience working with buyers and investors. Find the best neighborhoods to invest in Spokane.

🏘️ Top Neighborhoods for Investment in Spokane

South Hill: Timeless Charm & Enduring Demand

South Hill is one of Spokane’s most desirable and well-established areas. With tree-lined streets, vintage homes, and a balanced mix of Craftsman bungalows and newer infill properties, it offers lifestyle appeal few other neighborhoods match.

Why Invest Here:

• Strong buyer and renter demand

• Homes retain value exceptionally well

• Ideal for long-term appreciation plays

• Original architectural details provide value-add renovation potential

Keep in Mind: Older homes may require higher maintenance or capital for updates, but the payoff in resale value is strong.

Kendall Yards & West Central: Urban Convenience Meets Growth

Kendall Yards, adjacent to downtown and perched along the riverfront, is a modern urban hub. With restaurants, trails, and boutique shopping, it's a magnet for professionals and renters alike. Just next door, West Central offers vintage homes in transition.

Why Invest Here:

• Limited supply of new homes close to downtown

• Strong appreciation tied to Kendall Yards' growth

• West Central offers renovation opportunities with lower entry prices

Keep in Mind: Entry prices are higher in Kendall Yards, but investor demand keeps growing.

Audubon/Downriver: Northwest Spokane's Quiet Investment Gem

Tucked between Riverside State Park and the Spokane River, Audubon/Downriver is a serene, established neighborhood gaining attention for its quality of life and long-term stability. Known for its mid-century homes, mature trees, and close proximity to nature, it blends suburban peace with city accessibility.

Why Invest Here:

• Walkable to Audubon Park, Downriver Golf Course, and neighborhood businesses

• Mix of mid-century homes and bungalows ideal for updates

• High demand among renters and buyers seeking quiet, well-connected communities

Keep in Mind: Homes here don’t hit the market often, so timing and local insight matter. Price points are rising due to consistent demand and limited inventory.

📌 Neighborhood Spotlight: Audubon / Downriver Spokane

Emerson-Garfield: Affordable Entry with Upside

Just north of downtown, Emerson-Garfield is rapidly gaining traction thanks to revitalization efforts, affordable pricing, and strategic location.

Why Invest Here:

• Entry-level pricing with room for renovation

• Craftsman homes with unique character

• Walkable to local businesses, North Monroe corridor, and downtown

Keep in Mind: Renovation skill or budget is needed for many properties, making it ideal for flippers or value-add investors.

📈 Spokane Neighborhoods with High Short-Term Growth

• Riverside (Downtown Spokane)

  1-Year Appreciation: +25.8%

  15-Year Appreciation: +108.6%

  The city center has exploded with activity, from new condo projects to revived historic buildings. This neighborhood is ideal for flippers or short-term equity growth.

• Chief Garry Park

  1-Year Appreciation: +14.5%

  15-Year Appreciation: +268.9%

  Formerly overlooked, this neighborhood is now highly sought-after due to affordability and proximity to downtown.

• West Valley (Spokane Valley)

  1-Year Appreciation: +12.9%

  15-Year Appreciation: +206.2%

  Offers space, accessibility, and friendly living, creating steady demand and strong appreciation.

• North Indian Trail

  1-Year Appreciation: +10.9%

  15-Year Appreciation: +139.4%

  This suburban area features newer construction and limited inventory, supporting price growth.

• Whitworth / Country Homes

  1-Year Appreciation: +10.2%

  15-Year Appreciation: +136.8%

  Spacious lots and north-side convenience make this a favorite among long-term homeowners.

🏗️ Long-Term Value Neighborhoods in Spokane

• Hillyard

  15-Year Appreciation: +435.7%

  Hillyard’s revitalization is one of Spokane’s most impressive transformations. It remains one of the best long-term equity bets.

• Emerson-Garfield

  15-Year Appreciation: +247.8%

  Still undervalued relative to its location and potential. Renovation-savvy investors thrive here.

• Bemiss

  15-Year Appreciation: +243%

  One of the most affordable neighborhoods with consistent growth. Appeals to entry-level investors.

• Nevada / Lidgerwood

  15-Year Appreciation: +242.4%

  Centrally located with steady demand, this area rewards patient buy-and-hold strategies.

🔁 Neighborhoods to Watch for Rebound Potential

Some neighborhoods have recently cooled but maintain strong fundamentals:

Neighborhood	1-Year Appreciation	15-Year Appreciation	Insight
Cliff-Cannon	−9.4%	+156.1%	Historic, high-end; price correction expected to reverse
West Central	−8.7%	+175.7%	Post-revitalization cooldown offers buying opportunity
Liberty Lake	−8.3%	+87.3%	Plateaued after luxury surge
Rockwood	−3.5%	+126.7%	High-end, stable but slower gains
Latah / Hangman	−3.2%	+134.7%	Softened recently, but still popular

🔑 How to Choose the Right Investment Area

• Define your goal: Are you focused on appreciation, renovation, cash flow, or lifestyle buyers?

• Understand your budget: Know how much you can invest and what your ideal return timeline is.

• Learn Spokane’s zoning and future growth plans: They impact what you can do with a property.

• Work with a local expert:I can help you interpret data, find hidden gems, and guide you to areas aligned with your strategy.

📞 Why Work with a Spokane Real Estate Agent?

As a Spokane Realtor, I bring:

✅ Local market expertise

✅ Easy opportunity access

✅ Investment guidance tailored to your needs

✅ Up-to-date insights on growth, appreciation, and zoning

📲 Contact me today for a property tour or customized investor strategy session.

📋 Final Thoughts

Spokane real estate presents powerful opportunities for both short- and long-term investors. From emerging neighborhoods to stable legacy areas, there’s something for every strategy. For the best results, pair market insight with expert local guidance.

This guide is not financial or tax advice. Always consult with a qualified financial or tax professional before making investment decisions.

❓ FAQ: Best Neighborhoods to Invest in Spokane

• What are the best neighborhoods to invest in Spokane for long-term value?

  Hillyard, Emerson-Garfield, Nevada/Lidgerwood, and Bemiss have consistently outpaced average appreciation.

• Which Spokane neighborhoods are seeing the fastest short-term appreciation?

  Riverside (Downtown), Chief Garry Park, and West Valley are leading in 1-year growth.

• Are there still affordable neighborhoods to invest in Spokane?

  Yes — Emerson-Garfield, Chief Garry Park, and Bemiss offer lower entry points with solid growth potential.

• Is Spokane still a good market to invest in real estate in 2025?

  Absolutely. Spokane remains one of the most resilient and appreciating real estate markets in the Pacific Northwest.

📌 Related Blog: Best Neighborhoods in Spokane

About Me

My name is Nick Briggs

Being born and raised in Spokane I grew up knowing what a special place this city is, and it was my dream to help others create a life in this wonderful community by guiding them in real estate. I spent many years in the customer service industry, the experience of listening and communication showed me how much I truly loved helping people. I attended Gonzaga University and earned a Bachelor’s Degree in Business Administration to add to my knowledge of guiding, managing, negotiating, and listening to individuals, helping them achieve their real estate goals.

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