Spokane County's housing market gained $5 billion in 2020

Strong demand, intense competition for homes, an influx of out-of-area buyers and historically low mortgage interest rates have led to skyrocketing home values in Spokane County in 2020.

Spokane County’s housing market gained $5 billion in value last year, raising its worth to $57 billion and making it the 82nd-most valuable out of 100 metro areas nationwide, according to a recent Zillow report.

Over the past decade, Spokane’s housing market value has grown $29 billion, outpacing larger markets, such as Louisville, Kentucky; Birmingham, Alabama; and Hartford, Connecticut.

Zillow compiled the data using information from the U.S. Census Bureau and real estate website Zestimates, which incorporates public and user-submitted data

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