Neighborhood
Nevada Heights
Spokane, Washington US
Nevada Heights in Spokane, Washington has a comparatively lower-priced investment profile, with a gross yield of 6.1 and a Red Flag score of 32. Prices are about 10% below the city median and 48% below the state median, while values were down 4.3 over the past year. Walkability is 81 and education is in the 54th percentile, combining strong access with a lower risk score and recent price softness.
AI Summary•Updated May 2026
Area
2.00 mi²
ZIP Code
99207
County
Spokane County
State
Washington
Redfin — median sale & volumeZillow ZORI — asking rentFEMA National Risk Index v1.20OpenStreetMap — POIFBI UCR — state crimeEPA — radon zonesWashU ACAG — satellite PM2.5EPA FRS / BTS — hazard screeningUS Census ACS / TIGER 2024
Verified Price · Median Sale
$286,915
YoY-4.3%
Gross Rental Yield
6.1%
Listed rent · ZORI annualized
Red Flag Index
Low
32 / 100
Walkability Score
81
OpenStreetMap POI density · national percentile
Education Score
54 / 100
Pre-pandemic SEDA (2018/19) · district proxy
AI Score
62
DistrictScore attractiveness · national model
Nevada Heights Property Prices & Rental Yield
Verified Redfin sale data and Zillow ZORI asking rent for Nevada Heights, Spokane.
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Sign in to view — freeMarket Economics Snapshot
May 2026| Metric | Value | YoY |
|---|---|---|
| Median Sale Price | $286,915 | -4.3% |
| Price / Sq Ft (Verified) | $183/sqft | -0.3% |
| Asking Rent (Median) | $1,464/mo | +4.7% |
| Gross Rental Yield | 6.1% | — |
| Liquidity Score | 35 / 100 | Moderate |
| Homes Sold (Period) | 117 | +0.0% |
Is Nevada Heights Safe? Natural-Hazard Risk
FEMA National Risk Index composite across eight hazards, plus inherited Washington crime context.
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Sign in to view — free What Stands Out AI Insight
Above-average gross rental yield at 6.1%
Highly walkable neighborhood — score 81/100
Low natural-hazard risk — 32/100 composite
Active transaction volume — 117 homes sold last period
Dense amenities — 49 dining & 28 grocery options nearby
Insights are generated from Nevada Heights's live DistrictScore metrics.
Nevada Heights Environment & Safety
Satellite PM2.5 air-quality history, FBI UCR crime trend (Washington-level, the finest official aggregation), EPA radon potential and point-source hazard screening.
Air Quality — PM2.5
2015–20249.3 µg/m³ Above EPA annual standard+19.4% since 2015
EPA 9WHO 5
20152024
Annual mean fine-particle (PM2.5) concentration at the Nevada Heights centroid, satellite-derived (ACAG). References: WHO guideline 5 µg/m³ · EPA annual standard 9 µg/m³. Latest year ranks worse than 99% of U.S. neighborhoods.
Washington Crime Trend
FBI UCR20132024
All crimes / 1k
Violent / 1k
| Year | Crimes / 1k | Violent / 1k | YoY |
|---|---|---|---|
| 2024 | 27.9 | 3.3 | -13.0% |
| 2023 | 32.5 | 3.6 | -12.5% |
| 2022 | 37.5 | 3.8 | +11.9% |
| 2021 | 33.7 | 3.4 | +12.1% |
| 2020 | 30.3 | 2.9 | +0.9% |
| 2019 | 30.3 | 3.0 | — |
Reported at the state level — the finest official US crime aggregation; Nevada Heights inherits the Washington figures.
Radon Potential
EPAZone 1
Zone 1 — Highest potential · Nevada Heights
EPA radon zones estimate indoor radon potential county-wide (Zone 1 highest, Zone 3 lowest). Testing is recommended in all zones.
Environmental Hazards
EPA / BTSSuperfund (NPL)1.7 kmHigh
Industrial odor4 nearbyVery High
Point-source screening near Nevada Heights: EPA Superfund National Priorities List & Facility Registry (2026), BTS aviation noise (2020, 24-hour average level). Superfund shows distance to the nearest listed site; odor shows detected sources within the screening radius. Only detected sources are listed; the bar shows severity vs. all U.S. neighborhoods.
Walkability & Amenities in Nevada Heights
Amenity density and pedestrian access from OpenStreetMap points of interest.
Walkability & Amenities
OpenStreetMap POI81
Very Walkable
Walkability Score
28
Grocery
49
Dining
8
Schools
0
Universities
6
Hospitals
2
Pharmacies
8
Parks
0
Rail Transit
0
Coworking
POI counts are amenities within Nevada Heights's boundary plus a 400 m walk buffer. Rail transit excludes bus stops.
Nevada Heights vs Spokane vs Washington
How Nevada Heights benchmarks against its city and state medians.
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Sign in to view — freeBuying Property in the US as a Foreigner
Federal & Washington tax facts for non-resident buyers, plus the latest local market news.
Buying as a Foreigner
US Tax & OwnershipApplies to everyone7
Capital Gains (Federal)
Long-term capital gains taxed federally at 0/15/20%, plus a 3.8% Net Investment Income Tax on higher incomes (2026).
Property Tax
Property tax: ~0.74% average effective rate (statewide average; set and collected locally).
State Income Tax
No state income tax — rental income is not taxed at the state level.
State Capital Gains
No general income tax; the 7% capital gains tax exempts real estate.
Transfer Tax
Real estate transfer tax: REET graduated 1.1-3% (mansion-style).
Assessment Cap
No Proposition 13-style assessment cap; property is reassessed at market value.
Mansion Tax / Rent Control
Statewide rent control caps rent increases (HB 1217; 9.683% max for 2026); transfer tax is mansion-style.
US citizens & tax residents6
Primary-Home Exclusion
Selling your main home: exclude up to $250k of gain (single) / $500k (married) if you owned and lived there 2 of the last 5 years.
1031 Like-Kind Exchange
A 1031 like-kind exchange defers capital gains tax on investment property; 45 days to identify, 180 to close. Real estate only.
Depreciation Recapture
Residential rentals depreciate over 27.5 years; on sale, recaptured depreciation is taxed up to 25% (Section 1250).
Mortgage Interest Deduction
Mortgage interest is deductible on up to $750k of home debt. The SALT cap rose to $40,000 for 2025-2029 (reverts to $10k in 2030).
Opportunity Zones
Opportunity Zones are now permanent (2025): reinvested capital gains get deferral plus a basis step-up, and are tax-free after 10 years.
Rental Income (Resident)
Rental income is reported on Schedule E; passive-loss rules (Section 469) limit deducting rental losses against other income.
Foreign buyers (non-residents)5
FIRPTA (Foreign Sellers)
FIRPTA: the buyer withholds 15% of the gross sale price when a nonresident sells US property. It is an advance deposit, not the final tax.
Non-Resident Capital Gains
Nonresident sellers pay US capital gains tax (generally 15-20%) on the net gain via Form 1040-NR; FIRPTA withholding is credited.
Non-Resident Rental Tax
Nonresident rental income is taxed at 30% of gross by default, or on net income at graduated rates via a Section 871(d) election (W-8ECI).
Estate Tax (Non-Resident)
Nonresidents get only a $60,000 US estate-tax exemption (vs $13.99M for residents); US property above it is taxed up to 40%. Treaties may help.
ITIN Requirement
Nonresidents without an SSN need an ITIN (Form W-7) to file US tax returns, claim FIRPTA refunds, and report rental income.
Talk to a US real-estate tax advisor
FIRPTA, ITIN & Washington property-tax guidance for foreign buyers
Nevada Heights Real Estate FAQ
Nevada Heights in Spokane, Washington has a mixed profile with a gross yield of 6.1 and a Red Flag score of 32. Prices are about 10% below the city median and 48% below the state median, while values were down 4.3 over the past year.
Neighborhoods near Nevada Heights
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