Spokane Housing Market: Home Prices & Rent
Spokane home values since 2000
Last few years
Rent in Spokane
Owning vs renting, monthly
Buying the typical Spokane home with 20% down at this week's 7.32% 30-year rate costs about $2,800/month (principal, interest plus ~1.5% a year for tax and insurance) vs $1,512/month typical rent.
Rate: Freddie Mac, week of Oct 22, 2026. Estimate for comparison only.
What changed this month
- Typical rent in Spokane just passed $1,500 a month
Spokane vs Washington vs the U.S.
| Typical home | 12-month change | Typical rent | |
|---|---|---|---|
| This metro | $415k | +0.2% | $1,512/mo |
| Washington | $588k | -0.5% | - |
| United States | $366k | +1.2% | $1,932/mo |
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Common questions
Are home prices falling in Spokane?
No - the typical Spokane-area home value is up 0.2% over the past 12 months, at $415k (September 2026). Values are 4% below their July 2022 peak of $432k.
Is the Spokane housing market crashing?
Home values are 4% below their July 2022 peak and up 0.2% over the past year - a rising market, not a sudden collapse. Whether that continues isn't knowable from the data - this page updates every month when new figures come out.
How much is rent in Spokane?
Typical rent in the Spokane metro is $1,512 a month (September 2026), +3.5% over 12 months.
How much income do you need to buy a home in Spokane?
About $113k a year to afford the typical home with 20% down, spending no more than 30% of income on housing (September 2026).
Nearby and similar metros
Seattle, WA · Austin, TX · Las Vegas, NV · New Haven, CT · Fresno, CA
Sources: Data Provided by Zillow Group (Zillow Home Value Index and Zillow Observed Rent Index, September 2026; income needed and listing data). 30-year mortgage rate: Freddie Mac PMMS. Figures are for the Spokane, WA metro area. How we calculate.