Market Overview
Home Prices in Loon Lake, WA
The median home value in Loon Lake, WA is $423,075 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.9% compared to a year ago and up 3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Loon Lake are priced3% above average. Loon Lake is part of the Spokane-Spokane Valley, WA metro area.
Over the past five years, Loon Lake home values have risen by approximately20.6%, reflecting strong long-term appreciation in this market.
Price History
Loon Lake Home Price Trend
City Comparison
Loon Lake vs. National Median
At $423,075, homes in Loon Lake cost 3% above the national median of $410,000. Buyers in Loon Lake should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Loon Lake?
20% Down Payment
$84,615
on $423,075
Monthly P&I
$2,207/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,803/mo
incl. taxes & insurance
Income Needed
$112,120
gross annual (30% rule)
10% Down Option
$42,308
+ PMI applies
Loan Amount (20% dn)
$338,460
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Loon Lake, WA?
The median home value in Loon Lake is $423,075 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0.9% year-over-year.
How much have home prices changed in Loon Lake?
Over the past year, home values in Loon Lake have increased by 0.9%. Over five years, prices have risen approximately 20.6%.
How much do I need to earn to buy a home in Loon Lake?
To comfortably afford the median home price of $423,075 with a 20% down payment ($84,615) at today's rates (6.8%), you'd need a gross annual income of approximately $112,120. This assumes keeping total housing costs at or below 30% of gross income.
How does Loon Lake compare to the national average home price?
The national median home value is approximately $410,000. At $423,075, homes in Loon Lake are 3% above the national average.
What metro area is Loon Lake part of?
Loon Lake is part of the Spokane-Spokane Valley, WA metropolitan area. Home prices and market conditions can vary across the broader metro region.