Browne's Addition

Spokane, WA

Neighborhood Market Analysis

Q3 2025 Report
$353,673 (ZHVI, March 2025); median listing price $525,000 (July 2025)
Median Home Price
82 (Very Walkable)
Walkability Score
Public schools rated average to above average; Lewis & Clark High is well-regarded.
School Rating

Location Overview

Neighborhood Boundaries

Roughly bounded by Riverside Ave (north), Sunset Blvd (south), Maple St (east), and Coeur d’Alene St (west).

Zip Codes

99201

Market Data Summary

Price Range$250,000–$700,000+ (condos to historic mansions)
Price per Sq Ft$320–$400 (varies by property type)
Inventory Levels17 homes for sale in June 2025, up 30.8% from May; 22 active listings in July 2025.

Property Characteristics

Home Types & Architecture

Home Types

Historic single-family homesCondominiumsTownhomesApartments

Architectural Styles

VictorianCraftsmanQueen AnneMid-century modernContemporary infill

Property Details

Typical Lot Sizes0.1–0.25 acres (historic homes); smaller for condos/townhomes
Home Age RangeLate 1800s–early 1900s (historic core); some 1970s–2020s infill
Construction QualityGenerally high for historic homes; variable for condos/infill.

Community Profile

Demographics & Lifestyle

Demographics

Diverse mix: young professionals, retirees, artists, students, and established families. High proportion of renters and singles.

Community Vibe

Eclectic, artsy, historic, urban. Known for strong neighborhood identity and active community groups.

Typical Residents

  • Young professionals
  • Artists/creatives
  • Retirees
  • Students
  • Small families

Family Friendly

Moderate; parks and walkability appeal to families, but nightlife and density may deter some.

Amenities & Lifestyle

Parks & Recreation

  • Coeur d’Alene Park (central historic park)
  • Walking/biking trails
  • Community gardens

Dining Options

  • Casual pubs
  • Coffee shops
  • Upscale bistros
  • Ethnic cuisine

Shopping Centers

  • Boutique shops
  • Nearby downtown Spokane retail

Local Businesses

  • The Elk Public House
  • Browne’s Tavern
  • Latah Bistro
  • Indaba Coffee

Education & Schools

Public schools rated average to above average; Lewis & Clark High is well-regarded.
Overall School Rating

Elementary Schools

  • Roosevelt Elementary
  • Holmes Elementary

Middle Schools

  • Sacajawea Middle School

High Schools

  • Lewis & Clark High School

Private Schools

  • Cataldo Catholic School
  • St. Aloysius Gonzaga

Transportation & Accessibility

Transit & Roads

Public Transit

  • Spokane Transit Authority bus lines 20, 60, 61

Major Roads

  • Riverside Ave
  • Sunset Blvd
  • Maple St

Commute & Walkability

Commute Times5 minutes to downtown Spokane; 15–20 minutes to airport; 20–30 minutes to Valley suburbs.
WalkabilityVery walkable; most errands, dining, and recreation accessible on foot.
ParkingStreet parking can be limited, especially evenings/weekends; some off-street options with condos.

Marketing Intelligence

Target Buyer Types

  • Young professionals
  • Investors (rental income)
  • Downsizers
  • Historic home lovers

Key Selling Points

  • Historic character
  • Walkable lifestyle
  • Strong community identity
  • Access to parks and downtown

Pricing Considerations

Price competitively due to increased inventory and longer days on market; highlight move-in ready condition or recent updates.

Common Objections & Response Strategies

Objection: Older homes may need repairs or updates.

Response Strategy:

Provide inspection reports, highlight recent upgrades, and offer home warranty options.

Objection: Limited parking availability.

Response Strategy:

Emphasize walkability, proximity to transit, and any included off-street parking.

Objection: Concerns about noise or nightlife.

Response Strategy:

Showcase quieter streets, double-pane windows, and community involvement in safety.

Investment Insights

Investment Potential

Appreciation Potential

Moderate; historic appeal and proximity to downtown support long-term value, but recent price softening tempers short-term gains.

Rental Demand

High; strong demand for both apartments and condos from young professionals and students.

Buyer Competition

Balanced; increased inventory gives buyers more leverage than in recent years.

Best For

  • Investors seeking stable rental income
  • Buyers wanting walkable urban lifestyle
  • Historic home enthusiasts

Potential Concerns

  • Older homes may require costly maintenance
  • Parking limitations
  • Some noise and nightlife activity

Professional Recommendations

1

Price homes realistically given increased inventory and longer days on market.

2

Highlight unique historic features and walkability in all marketing.

3

Prepare for questions about maintenance and parking; have solutions ready.

4

Leverage social media and virtual tours to reach out-of-area buyers.

5

Network with local businesses and community groups to showcase neighborhood lifestyle.

Competitive Analysis

Comparable Markets

  • Kendall Yards
  • South Perry District
  • West Central

Market Positioning

Best suited for buyers seeking urban, walkable, and character-rich environments.

Competitive Advantages

  • Historic architecture
  • Proximity to downtown
  • Vibrant arts and dining scene

Price Comparison

Generally more affordable than Kendall Yards, pricier than West Central; similar to South Perry for historic homes.

Investment Metrics

4.5%–5.5% for well-maintained multifamily properties
Cap Rates
5%–6% gross annual yield for condos/apartments
Rental Yields
16–18 (favorable for long-term investors)
Price-to-Rent
Positive cash flow possible with 20% down on condos/apartments; tighter for single-family homes at current prices.
Cash Flow
Flat to +1% for 2025; stronger long-term due to location and historic appeal.
Appreciation

Buyer Journey Insights

First-Time Buyers

Appealing for those seeking urban lifestyle and lower entry price via condos; educate on HOA fees and maintenance.

Move-Up Buyers

Historic homes offer more space and character; highlight unique features and community.

Downsizers

Condo options with walkability and amenities; emphasize low-maintenance living.

Investors

Strong rental demand and stable yields; focus on multifamily or condo units.

Relocators

Proximity to downtown, airport, and cultural amenities is a draw; provide virtual tours and neighborhood guides.

This neighborhood analysis was generated using hyperlocal data and AI intelligence.

Neighborhood conditions change - consult with local real estate professionals for the most current information.

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