Kendall Yards

Spokane, WA

Neighborhood Market Analysis

Q3 2025 Report
$610,000 (Jan 2025), $699,000 (mid-2025 average)
Median Home Price
86 (Very Walkable)
Walkability Score
Above average for Spokane; North Central High is highly rated for STEM programs.
School Rating

Location Overview

Neighborhood Boundaries

North bank of the Spokane River, just west of downtown Spokane. Bounded by the Spokane River to the south, Monroe Street to the east, Summit Parkway to the north, and Nettleton Street to the west.

Zip Codes

99201

Market Data Summary

Price Range$550,000–$900,000+ (recent sales and listings)
Price per Sq Ft$426 (up 25.7% YoY as of June 2025)
Inventory LevelsLow inventory, with only 1 home sold in January 2025; new construction and resale both in high demand[1][3].

Property Characteristics

Home Types & Architecture

Home Types

TownhomesSingle-family detachedCondosLuxury apartments

Architectural Styles

Modern craftsmanContemporary urbanIndustrial loftsMixed-use live/work spaces

Property Details

Typical Lot SizesSmall to medium urban lots; higher density than traditional suburbs.
Home Age RangePrimarily new construction (2014–present), with some recent infill and redevelopment.
Construction QualityHigh; most homes feature energy-efficient systems, smart home tech, and premium finishes.

Community Profile

Demographics & Lifestyle

Demographics

Diverse, with a mix of young professionals, families, and empty nesters. Higher median income than Spokane average. Attracts urban-minded buyers seeking lifestyle amenities.

Community Vibe

Trendy, vibrant, and walkable. Strong sense of community with regular events, farmers markets, and art walks.

Typical Residents

  • Young professionals
  • Families
  • Retirees/empty nesters
  • Remote workers

Family Friendly

Yes; parks, playgrounds, and walkable streets. Popular with families seeking urban convenience and safety.

Amenities & Lifestyle

Parks & Recreation

  • Centennial Trail
  • Olmsted Brothers Green
  • Kendall Yards Night Market
  • Spokane Riverfront Park (adjacent)

Dining Options

  • Wandering Table
  • Maryhill Winery Tasting Room
  • Versalia Pizza
  • Umi Kitchen & Sushi Bar

Shopping Centers

  • My Fresh Basket
  • Boutique shops along Summit Parkway

Local Businesses

  • Indaba Coffee
  • The Yards Bruncheon
  • Hello Sugar
  • My Fresh Basket (grocery)
  • Boutique fitness studios

Education & Schools

Above average for Spokane; North Central High is highly rated for STEM programs.
Overall School Rating

Elementary Schools

  • Holmes Elementary
  • Audubon Elementary

Middle Schools

  • Yasuhara Middle School

High Schools

  • North Central High School

Private Schools

  • St. Aloysius Gonzaga Catholic School
  • Trinity Catholic School

Transportation & Accessibility

Transit & Roads

Public Transit

  • Spokane Transit Authority (STA) bus lines 20, 22, 26

Major Roads

  • Monroe Street
  • Summit Parkway
  • Maple Street Bridge

Commute & Walkability

Commute Times5 minutes to downtown Spokane; 15–20 minutes to Spokane International Airport.
WalkabilityExcellent; most errands can be accomplished on foot.
ParkingLimited street parking; most new homes include garages or designated spaces.

Marketing Intelligence

Target Buyer Types

  • Young professionals
  • Remote workers
  • Move-up buyers
  • Empty nesters
  • Investors

Key Selling Points

  • Proximity to downtown and river
  • Walkable urban lifestyle
  • Modern, low-maintenance homes
  • Vibrant dining and arts scene

Pricing Considerations

Price competitively within recent comps; premium justified for river views, upgraded finishes, or unique layouts.

Common Objections & Response Strategies

Objection: Higher price point compared to other Spokane neighborhoods

Response Strategy:

Emphasize rapid appreciation, lifestyle amenities, and long-term value.

Objection: Limited parking or small lot sizes

Response Strategy:

Highlight walkability, included garages, and proximity to transit.

Objection: Urban noise or event activity

Response Strategy:

Point out soundproofing, community engagement, and the vibrancy of the neighborhood.

Investment Insights

Investment Potential

Appreciation Potential

High; 19–29% YoY growth in 2024–2025, with continued upward trend expected due to demand and limited supply[1][2][3].

Rental Demand

Strong; desirable for executive rentals, short-term (Airbnb), and long-term tenants.

Buyer Competition

Intense; multiple offers common on well-priced homes.

Best For

  • Move-up buyers
  • Urban professionals
  • Investors seeking appreciation
  • Empty nesters

Potential Concerns

  • Affordability for first-time buyers
  • Limited inventory
  • Potential for future HOA/condo fee increases

Professional Recommendations

1

Leverage lifestyle marketing—sell the neighborhood, not just the home.

2

Use professional photography and virtual tours to highlight finishes and views.

3

Educate buyers on appreciation trends and long-term value.

4

Network with relocation specialists and tech employers.

5

Prepare for multiple-offer scenarios and coach buyers on competitive bidding.

Competitive Analysis

Comparable Markets

  • South Hill (median $479K)
  • North Spokane (median $404K)
  • West Central (median $316K)

Market Positioning

Premium urban neighborhood with lifestyle appeal, attracting buyers seeking modern amenities and walkability.

Competitive Advantages

  • Best walkability in Spokane
  • Newest housing stock
  • Proximity to downtown and river
  • Strong community events

Price Comparison

Significantly higher than Spokane median ($410K), but justified by location, amenities, and new construction[3][4].

Investment Metrics

3.5%–4.5% (lower than city average due to high prices, but stable demand)
Cap Rates
4%–5% gross yield for long-term rentals; higher for short-term executive or Airbnb rentals.
Rental Yields
High (reflecting premium pricing and strong appreciation)
Price-to-Rent
Modest for long-term rentals; better for furnished executive or short-term rentals.
Cash Flow
Continued above-average appreciation expected through 2025, especially for well-located properties.
Appreciation

Buyer Journey Insights

First-Time Buyers

Challenging due to price, but possible for dual-income households; may need to compromise on size.

Move-Up Buyers

Ideal for those seeking urban lifestyle and modern amenities; strong equity growth potential.

Downsizers

Appealing for empty nesters seeking walkability and low-maintenance living.

Investors

Attractive for appreciation and rental demand, but yields are tighter than lower-priced neighborhoods.

Relocators

Popular with buyers from Seattle, Portland, and California seeking value and lifestyle.

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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