Spokane Valley ranks 31st among the best US boomtowns in 2021

The Valley is one of the fastest growing cities in the United States, along with Orem, Utah. Six Pacific Northwest Cities made it into the top ten.

SPOKANE VALLEY, Washington – A recent data study by SmartAsset ranked Spokane Valley 31st on a list of the fastest growing cities in the United States.

Spokane Valley is connected to Orem, Utah based on population change, average annual gross domestic product (GDP) growth, housing growth, and the unemployment rate.

Spokane Valley isn’t the only city in the northwestern part of the country rated in this new study. According to SmartAsset’s list, there are many emerging cities in the Northwest, six of which are in the top ten. These cities include Nampa and Meridian in Idaho, Bend, Oregon, and Vancouver, Bellingham, and Seattle in western Washington.

SmartAsset also reported that the total number of establishments and housing units increased by more than 8% and 10%, respectively, in all six cities from 2014 to 2019. Bellingham was the only one of the six cities with an unemployment rate above 5%.

Spokane Valley statistics show a population change of 9.19% over five years and an average annual GDP growth of 4.58%. In five years, Spokane Valley also saw its offices grow 8.63% and housing construction growth of 11.34%. As of August 2021, the Spokane Valley unemployment rate is 4.5%.

Most of the data in this study comes from the Census Bureau, the US Bureau of Labor Statistics (BLS), the Census Bureau’s County Business Patterns Survey, and the Bureau of Economic Analysis.

In August 2021, Realtor.com named Spokane Valley one of the 50 Hottest US Housing Markets by ZIP Code in 2021. ZIP code 99206, which includes the Dishman, Millwood, and Trentwood areas, ranked 46th.

Check out more boomtown coverage on the KREM 2 YouTube channel:

https://www.youtube.com/watch?v=videoseries

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