Spokane
Washington · Ranked #327 of 373 metros
42Moderate
💡
Housing in Spokane costs 5.73× the median income, above the national average of 4.5×. The median home price is $417K and median rent is $1,279/month. Spokane ranks #327 of 373 metros for affordability.
Median Home Price
🏠$417K
Need $112K income
Median Rent
🔑$1,279
Need $54K income
Housing Shortage
📉12,000
units needed
Building Permits
🔨5,000
annual
Median Income
💰$73K
Pop: 596,926
Rent Burden
⚠️33.5%
of renters paying >30%
Price Change (YoY)
📈+4.5%
Homeownership
🏡65.0%
Rent Burden
vs. National Average
Key Facts vs. National Average
| Metric | Spokane | National |
|---|---|---|
| Price-to-Income Ratio | 5.73x | 6.1x |
| Rent Burden | 33.5% | 31.5% |
| Homeownership Rate | 65.0% | 65.5% |
| YoY Price Change | +4.5% | +3.5% |
| YoY Rent Change | +3% | +2.8% |
| Mortgage Denial Rate | 13.0% | 13.5% |
| Eviction Rate | 4.0% | 3.6% |
House Price Index (2000–2025)
FHFA All-Transactions HPI
Since 2019: +63.6%Since 2000: +282.6%
HUD Fair Market Rents (FY2026)
Section 8 voucher payment standards
Studio$1,103/mo
1 Bedroom$1,193/mo
2 Bedroom$1,531/mo
3 Bedroom$2,088/mo
4 Bedroom$2,506/mo
Zillow Market Data
Home Value (ZHVI)
$411K
1yr: +0.5%5yr: +27.5%
Rent (ZORI)
$1,491/mo
1yr: +1.6%5yr: +27.6%
Note: ZORI reflects current listing prices and may differ from the Census ACS median rent shown above, which captures what renters actually pay including below-market and subsidized units.
Redfin Market Activity
Median Sale Price
$409K
Active Inventory
1,483
Days on Market
72
Sold Above List
28.2%
Price Drops
23.8%