Spokane Valley, Washington, is named for its location in the valley of the Spokane River. The city, which boasts a population just over 90,000, is rich with history, as the land was home to Native Americans, fur traders, and various settlements. Spokane Valley, known to residents simply as the Valley, features plenty of diversity. Agriculture remains a central part of the citys economy, which is growing along with its communities.
In terms of real estate, Spokane Valley offers plenty of variety for singles and married couples. Approximately 60 percent of the homes in the city are owned while about 34 percent are rented. The average cost of a home is $149,000. Anyone looking for homes for sale or rent can expect the search to be easy as there are more than 2,340 homes currently vacant. The average age of the homes in Spokane Valley is 27 years, giving people the opportunity to own homes that are not too old and reducing worry over necessary repairs.
Among the vacancies, nearly 800 are in bank-owned, pre-foreclosure, or auctioned states. Annual residence turnover is approximately 30 percent with a little more than 28 percent of current occupants maintaining the same residence for five years or more. Average household size for homes throughout the city is 2.49 people. With plenty of vacancies to choose from, potential residents are able to find property, particularly through rent-to-own opportunities.
Events and Festivals
Valleyfest is one of the largest festivals in Spokane Valley and generally takes place near the end of September. Events that take place during Valleyfest include Bloomfest and the Valleyfest Car Show, which features classic cars and modern vehicles alike. Residents enjoy a bright splash of color in the sky thanks to Balloons over Valleyfest, a unique event that allows festival goers to enjoy hot-air balloon rides.
Valleyfest is not the only festival or event to take place in the Spokane Valley area. Throughout the year, there are various events and festivals that pay homage to the holidays. The Valley Mission Haunted Pool is established as one of the spookiest haunted houses around, designed to entertain and frighten residents. Breakfast with Santa is a great event for kids and adults. Finally, there is the Spokane County Fair, providing rides, games, and other activities to enjoy, and is usually held during the month of September.
There is not much in the way of bars, clubs and other nightlife venues in Spokane Valley. However, Spokane is just a 15 minute drive away. There are many nightlife opportunities in the city of Spokane, giving Spokane Valley residents the chance to enjoy some fabulous drinks and entertainment. For an upscale nightlife experience, try the Peacock Room Lounge located at 10 S. Post Street in Spokane. This place provides a swanky setting underneath a glass-ceiling stained to look like the colorful feathers of a peacock. Here you will find plenty of alcoholic beverages and an outgoing atmosphere. Looking for a good, cold beer and some tasty food? Try the Post Street Ale House at 808 W. Sprague Avenue. Located in the Hotel Lusso, this place is down to earth, friendly and conservative.
Spokane Valley features a number of interesting neighborhoods with plenty to do. Here are two you should know about:
Greenacres: Greenacres is a great neighborhood for married couples and families, with an average commute of 23 minutes to work and an elementary and middle school in the area.
Spokane Valley: Another great area for children, this neighborhood is home to the Discovery Playground, which is a multi-sensory playground open to all ages.
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