Spokane, Washington.
Typical home $392,803 (-0.3% in a year), asking rent $1,483 (+3.9%). Spokane-Spokane Valley, WA metro.
to buy the typical home at today's mortgage rate — +$1,097 (+114%) since Jan 2020.
- 1 year
- Down $1,136 -0%
- $393,940$392,803 since Sep 2025
- 5 years
- Up $27,256 +7%
- $365,548$392,803 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Spokane$2,062
- Washington$3,084
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 48 years.
Typical home values in Spokane, WA fell 0.3% over the past year — slower than the nation's +1.2%.
Asking rents in Spokane, WA rose 3.9% over the past year — faster than the nation's +2.7%.
Owning the typical home in Spokane runs $1,273/mo more than renting one. The gap peaked at $1,480 in Oct 2023.
That is $2,756 a month against $1,483 rent: a $2,062 mortgage payment, plus $274 property tax and $421 insurance & upkeep.
Owning vs renting — Spokane
The owning line is the typical home's monthly payment at that month's rate, plus property tax and insurance & upkeep; the renting line is the typical asking rent; the grey line is the mortgage payment on its own. Same homes, same months, both ways of paying for a roof.
- Owning all in$2,756
- Renting$1,483
- Mortgage only$2,062
Property tax · $274/mo 0.84% of value a year — the ACS 2020-2024 median bill over the median home value for Spokane County, WA
Insurance & upkeep · $421/mo insurance, maintenance and repairs together, from the BLS Consumer Expenditure Survey — the national figure for mortgaged homeowners, scaled to this market's home value. BLS publishes the three bundled and they cannot be split.
Both are priced off the same month's home value, so they rise with the market. Neither is a quote — a specific home's bill depends on its assessment, its age and its insurer.
Living in Spokane, Spokane County, Washington
Spokane is a city of 228,989 people in Spokane County. Half its households earn more than $70,064 a year and half less, against $78,582 across Spokane County; 14% of its people live below the poverty line. 59% of its homes are lived in by their owners and 41% are rented. Unemployment in Spokane was 4.2% in August 2026, and Spokane County had 0.2% more jobs in 2025 than the year before. The most residents work in schools and health care, then shops.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Spokane is a city on the Spokane River, and it is the largest in its county. The people who live here are somewhat younger than in many American towns, and incomes run below the county's as a whole. Most homes are lived in by their owners, though renters make up a real part of the city, and the typical home value and monthly rent are both set out beside this text. Winters are cold and snowy, with December the coldest month, and summers turn properly warm by July, though rain and melted snow stay fairly modest across the year.
Work. Many residents work in schools, hospitals and social care, followed by shops, professional and business services, and restaurants, hotels and entertainment. Among the biggest workplaces in the city are Spokane School District, Gonzaga University and Deaconess Medical Center. Many people have a four-year degree, a good number work from home, and the typical commute is a fairly short one.
Things to do. Riverfront Park is in or beside town and has an amusement park, with the carousel and Spokane Falls close by. Manito Park and Botanical Gardens, also in or beside town, is a botanical garden with plenty of room to wander. For a longer outing, Riverside State Park, a protected area, is only a short drive away.
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- 97,446households
- 34%of adults have a degree
- 14%below the poverty line
- 21 mintypical commute
- 15%work from home
What residents work in
Employed residents by industry, from the Census survey. Spokane County had 243,704 jobs in 2025, 0.2% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in December, with highs near 37° and lows near 26°; warmest in July, with highs near 87° and lows near 56°. About 17 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Spokane Felts Field weather station, 5 miles away (NOAA).
Largest workplaces in Spokane
- Spokane School DistrictSchool district3,642FTE
- City of SpokaneWaste treatment facilities, nonhazardous2,553
- Gonzaga UniversityUniversity or college1,749
- Deaconess Medical CenterGeneral hospital1,354FTE
- Veterans Health AdministrationFederal government · Department of Veterans Affairs1,324
- Spokane Community CollegeUniversity or college1,320
- Avista Mission HQCentralized administrative offices1,116
- Jubilant HollisterStierPharmaceutical preparations manufacturing1,052
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 188 workplaces with 20 or more staff, 34,789 people in all. School districts come from the Common Core of Data (NCES, 2023–24), colleges from IPEDS (NCES, 2023–24), hospitals from their Medicare cost reports (CMS, 2023) and federal offices from OPM's federal workforce data (2026); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Ice stormsRelatively moderate
- Cold wavesrelatively high in parts of SpokaneRelatively moderate
- Heat wavesRelatively moderate
- Winter weatherRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Spokane’s census tracts, against the rest of the country; all of them together, very low. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Spokane County and the Spokane-Spokane Valley, WA metro.
Spokane home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Spokane$392,803
- Washington$587,533
- United States$366,157
Levy by levy, and a check of one home’s own bill, the site covers Ohio’s property tax.
Sellers are cutting prices on about 1 in 3 Spokane listings, and the typical home goes pending in 25 days — the market is roughly in balance.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Spokane32.55%
- United States26.90%
Days to pending
How long the typical listing takes to go under contract.
- Spokane25
- United States27
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Spokane1,537
New listings per month
Sellers arriving at the market.
- Spokane422
Median sale price
What buyers actually paid — closed sales, not asking prices.
- Spokane$375,263
- United States$371,407
Sale-to-list ratio
Above 100%, homes sell over asking; below, buyers negotiate wins.
- Spokane99.00%
Zip codes with a Spokane address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Spokane — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.
Zip codes in Spokane
| Zip activate to sort by Zip | Place activate to sort by Place | Population sorted descending, activate to sort ascending | Rent activate to sort by Rent | Home value activate to sort by Home value |
|---|---|---|---|---|
| 99208 | Spokane | 58,669 | $1,655 | $457,493 |
| 99205 | Spokane | 43,169 | $1,712 | $315,547 |
| 99223 | Spokane | 36,094 | $2,024 | $491,544 |
| 99207 | Spokane | 32,770 | $1,439 | $271,888 |
| 99224 | Spokane | 24,919 | $1,592 | $516,252 |
| 99203 | Spokane | 21,468 | $2,204 | $485,351 |
| 99217 | Spokane | 21,441 | $1,456 | $368,353 |
| 99202 | Spokane | 19,921 | $1,559 | $308,503 |
| 99218 | Spokane | 16,897 | $1,512 | $463,185 |
| 99201 | Spokane | 15,829 | $1,121 | $320,743 |
| 99204 | Spokane | 7,643 | $1,206 | $377,712 |