The Best Bang-for-Your-Buck Neighborhoods in Spokane Right Now

Spokane has seen its housing prices climb dramatically over the past few years. What was once a haven for affordability has started to feel expensive—not just for longtime residents, but even for buyers relocating from pricier states. Still, there are neighborhoods in Spokane County where buyers can get real value for their money. These five communities offer solid homes, generous square footage, and access to reputable schools without stretching budgets past the breaking point.

Balboa and South Indian Trail: Northwest Spokane's Quiet Gem

Tucked into northwest Spokane, the Balboa and South Indian Trail neighborhood often goes unnoticed. Yet, it consistently delivers some of the city’s best value. Homes here typically range from $400,000 to $500,000, with square footage hovering between 2,000 and 2,800. That averages out to about $165–$175 per square foot—a great deal for this part of town.

The neighborhood is defined by sloped streets, established landscaping, and a blend of 1980s ranchers, daylight basements, and split-level homes. Pacific Park serves as a recreational anchor, and the city has plans to add another green space to North Indian Trail through the Together Spokane initiative. Balboa Elementary and Salk Middle School both perform well academically, and the 15-minute drive to downtown Spokane makes this an attractive choice for families who want convenience and quiet.

Veradale: Spokane Valley's Underrated Sweet Spot

Sitting between University and Sullivan Roads, Veradale balances suburban peace with convenient access to Spokane and Idaho. Homes range from $430,000 to $480,000 on average, usually offering between 2,800 and 3,600 square feet. The cost per square foot falls in the $160–$170 range—impressive given the size and location.

Veradale features broad streets, views of the eastern mountains, and a mix of mid-century and 1990s homes. Buyers often find 4-level and 6-bedroom layouts that are ideal for growing families or multi-use living (think gyms, offices, or guest suites). Residents are part of the Central Valley School District, home to Chester Elementary and University High, both known for strong academic programs.

Moran Prairie: Affordable Space on the South Hill

While the South Hill is known for pricey neighborhoods like Rockwood and Comstock, the Moran Prairie section stands out as a pocket of value. Especially near 57th and Regal, homes built in the late 1990s and 2000s offer modern layouts, larger kitchens, and ample yard space.

Homes in this area average about $170 per square foot and offer between 2,200 and 2,800 square feet. Many need minor cosmetic updates, but they’re well built and offer an excellent canvas for future equity. The neighborhood is also known for its heavy tree canopy and newer infrastructure. Mullan Road Elementary and Chase Middle School are both highly rated, and nearby amenities like Target, Rosa’s Luna, and The Garden Bar keep daily life convenient.

Lower South Hill: Historic Charm and Urban Access

Just below 14th Avenue, the Lower South Hill is where old Spokane meets convenience. Tree-lined streets, original brick roads, and classic 1900s architecture make this one of the most walkable and charming areas in the city. Homes typically range from $375,000 to $475,000, averaging around $165 per square foot.

Most homes fall between 2,000 and 2,400 square feet and feature original hardwood floors, covered porches, built-ins, and updated systems. Buyers here often prioritize walkability—with Sacred Heart, downtown, and Gonzaga University all close by. The tradeoff may include some freeway noise or tight parking, but the Lower South Hill remains one of Spokane’s best-kept secrets for character and location.

Country Homes & Colbert: North Spokane Space with Room to Grow

For those seeking space and long-term growth, the corridor between Country Homes and Colbert delivers. Average cost per square foot is around $160, and homes typically span 2,200 to 3,000 square feet, priced from $450,000 to $600,000. Many sit on quarter- to half-acre lots, offering room to breathe.

This area blends 1990s and early 2000s homes—often multi-level with unique floor plans that separate living zones. The Mead School District serves the area and consistently ranks among Spokane County’s best. Natural surroundings, like the Little Spokane River and Mount Spokane, make it an outdoor-friendly location. With new developments like MeadWorks and The Village at Midway, retail and community amenities are expanding, making this a smart investment area.

Final Thoughts

Each of these five neighborhoods offers a distinct lifestyle, but they all share a key feature: value. Whether you’re looking for mature trees and mid-century charm, suburban convenience, or the peace of a spacious lot, Spokane still has pockets where your dollar stretches further. As prices continue to climb, finding the right mix of space, location, and long-term potential has never been more important.