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Real Estate Prices & Overview

Peaceful Valley / West Spokane median real estate price is $561,176, which is more expensive than 36.4% of the neighborhoods in Washington and 54.4% of the neighborhoods in the U.S.

The average rental price in Peaceful Valley / West Spokane is currently $1,722, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 83.4% of Washington neighborhoods.

Peaceful Valley / West Spokane is a suburban neighborhood (based on population density) located in Spokane, Washington.

Peaceful Valley / West Spokane real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) apartment complexes/high-rise apartments and single-family homes. Most of the residential real estate is renter occupied. Many of the residences in the Peaceful Valley / West Spokane neighborhood are newer, built in 2000 or more recently. A number of residences were also built before 1940.

Home and apartment vacancy rates are 5.9% in Peaceful Valley / West Spokane. NeighborhoodScout analysis shows that this rate is lower than 57.8% of the neighborhoods in the nation, approximately near the middle range for vacancies.

Notable & Unique Neighborhood Characteristics

The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.

People

Astoundingly, the Peaceful Valley / West Spokane neighborhood has one of the highest concentrations of divorcees living here than of any neighborhood, a higher concentration than NeighborhoodScout found in 99.5% of U.S. neighborhoods. This may be because people living here divorce more often than others, or that divorced people move here after they become divorced. If you are divorced, you will be in good company in this particular Spokane neighborhood.

In addition, an extraordinary 14.9% of the residents of the Peaceful Valley / West Spokane neighborhood are currently enrolled in college. This is such a large part of life in this neighborhood that the neighborhood changes a great deal with the change of semesters and is far quieter during the summer when many students are away.

Modes of Transportation

More people ride the bus in this neighborhood each day to get to work than 97.6% of U.S. neighborhoods.

Real Estate

The real estate in the Peaceful Valley / West Spokane neighborhood really stands out in the way it looks for a unique reason: this neighborhood has a higher proportion of apartment complexes or high-rise apartments than nearly every neighborhood in the country. Most neighborhoods are a mixture of real estate and housing types, but here it is almost entirely dominated by big apartment buildings and complexes. In fact, 71.1% of the real estate here is classified as apartment complexes or high-rise apartments, which is more than is found in 95.2% of American neighborhoods.

Diversity

Did you know that the Peaceful Valley / West Spokane neighborhood has more Scottish and Danish ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 5.7% of this neighborhood's residents have Scottish ancestry and 1.7% have Danish ancestry.

Migration / Stability

The freedom of moving to new places versus the comfort of home. How much and how often people move not only can create diverse and worldly neighborhoods, but simultaneously it can produce a loss of intimacy with one's surroundings and a lack of connectedness to one's neighbors. NeighborhoodScout's exclusive research has identified this neighborhood as unique with regard to the transience of its populace. In the Peaceful Valley / West Spokane neighborhood, a greater proportion of the residents living here today did not live here five years ago than is found in 95.3% of U.S. Neighborhoods. This neighborhood, more than almost any other in America, has new residents from other areas.

The Neighbors

How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.

The neighbors in the Peaceful Valley / West Spokane neighborhood in Spokane are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 91.7% of U.S. neighborhoods. With 25.0% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 76.8% of U.S. neighborhoods.

A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.

In the Peaceful Valley / West Spokane neighborhood, 44.3% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is clerical, assistant, and tech support occupations, with 23.6% of the residents employed. Other residents here are employed in sales and service jobs, from major sales accounts, to working in fast food restaurants (19.8%), and 11.7% in manufacturing and laborer occupations.

Languages

The most common language spoken in the Peaceful Valley / West Spokane neighborhood is English, spoken by 87.2% of households. Some people also speak Spanish (2.1%).

Ethnicity / Ancestry

Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.

In the Peaceful Valley / West Spokane neighborhood in Spokane, WA, residents most commonly identify their ethnicity or ancestry as German (24.8%). There are also a number of people of Irish ancestry (20.2%), and residents who report Mexican roots (7.8%), and some of the residents are also of English ancestry (6.3%), along with some Scottish ancestry residents (5.7%), among others.

Getting to Work

Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in Peaceful Valley / West Spokane neighborhood spend under 15 minutes commuting one-way to work (49.3% of working residents), one of the shortest commutes across America.

Here most residents (63.3%) drive alone in a private automobile to get to work. In addition, quite a number also ride the bus to get to work (14.8%) and 12.2% of residents also carpool with coworkers, friends, or neighbors for their daily commute. In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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