Quick facts: Nine mile falls, WA

Quick Facts

115.1
Cost of Living
above US average
1,565
Population
19.17
Crime Rate per 1000
below US average
$85,000
Median Income
above US average
$484,000
Median House Price
above US average
$2345.0
Average Rent
above US average
5%
Poverty Rate
below US average
3.2%
Unemployment Rate
below US average

πŸ’΅ Affordability Calculator

Based on the 28/36 rule: housing costs should not exceed 28% of your gross income. Compared against local median income of $85,000.

🏠

Income Needed to Buy

βœ— Stretch
$152k/year
Based on $484,000 median home price
Assumes 30-year mortgage at 7% with 20% down payment
⚠️ Requires $152k vs median $85,000
🏒

Income Needed to Rent

⚠ Stretch
$100k/year
Based on $2345.0/month average rent
Annual income where rent = 28% of gross
⚠️ Requires $100k vs median $85,000
πŸ’‘ 28/36 Rule: Housing ≀28% of gross income, total debt ≀36%. This is a guideline used by many lenders.

Overview for Nine mile falls, WA

Nine Mile Falls is a charming community located in Spokane County, Washington. Situated approximately 15 miles northwest of Spokane, this small town is known for its picturesque landscapes, serene lake views, and outdoor recreational opportunities. The area is bordered by the Spokane River, which offers various activities such as fishing, kayaking, and hiking along its scenic trails. Residents of Nine Mile Falls enjoy a peaceful, rural lifestyle, with access to nearby amenities in Spokane. The community is characterized by a mix of forestry and agricultural land, providing a tranquil atmosphere away from the hustle of urban living. The local economy is primarily driven by agriculture, small businesses, and tourism, drawing visitors to its natural beauty. Nine Mile Falls is also home to several parks and recreational areas, perfect for family outings and outdoor adventures. The region experiences diverse seasons, making it suitable for various activities throughout the year. Whether you are looking for a relaxing getaway or active exploration, Nine Mile Falls offers a unique blend of nature and community spirit.

πŸ” Search & Compare Places

First Location πŸ“