Home prices
The median home in Ponderay costs $161,800. This is approximately $96,200 (37%) lower in comparison to the surrounding areas.It is roughly $55,700 (25%) lower compared to the US as a whole, and compared to the city of Spokane is approximately $25,800 (13%) lower.
Rents
In Ponderay the median monthly rent is $771. This is approximately $340 (30%) lower in comparison to nearby areas.Compared to the rest of the country it is approximately $291 (27%) lower, and compared to the city of Spokane it is approximately $95 (10%) lower.
Nearby places
Kootenai
Kootenai is Ponderay's neighbor to the east. The real estate prices there are a little more expensive. The value of the median home in Kootenai is $172,400, which is $10,600 (6%) higher than Ponderay. Its rents are a bit more expensive. In Kootenai the median monthly rent is $988, which is $217 (21%) higher than Ponderay.
Sandpoint
Sandpoint is Ponderay's neighbor to the southwest. Real estate prices there are substantially more expensive. Sandpoint's median home price is $249,400, which comes out to $87,600 (35%) higher than Ponderay. The rent there is somewhat more expensive. In Sandpoint the median monthly rent is $965, which works out to $194 (20%) higher than Ponderay.
Dover
Dover is approximately 3 miles southwest of Ponderay. Housing prices there are substantially more expensive. The value of the median home in Dover is $311,100, which is $149,300 (47%) higher than Ponderay. The rent there is substantially more expensive. The median monthly rent in Dover is $1,556, which works out to $785 (50%) higher than Ponderay.
Hope
Hope is about 9 miles east of Ponderay. Its real estate prices are substantially more expensive. The median home price in Hope is $285,700, which is $123,900 (43%) higher than Ponderay. The rent there is fairly similar. Hope's median monthly rent is $744, which works out to $27 (3%) lower than Ponderay.
East Hope
East Hope is approximately 10 miles southeast of Ponderay. The real estate prices there are substantially more expensive. The median home cost in East Hope is $271,400, which comes out to $109,600 (40%) higher than Ponderay. Its rents are substantially more expensive. The median monthly rent in East Hope is $1,300, which works out to $529 (40%) higher than Ponderay.
