Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$415,045+0.2% YoY · prices are flat
Market right nowBuyer's marketMore homes for sale than last year, 26% have cut their price
Income needed to buy, per year$89,973About 1.1× the local median income ($83,900): a stretch for a typical household
Days on market54 daysAbout the same pace as a year ago
Next 12 months+0.2%Zillow expects prices to stay about flat
The typical home in Spokane-Spokane Valley, WA is worth $415,045, about the same as a year ago. That is slightly above what local incomes have historically supported: fair value is about $396,577, so the area is 4.7% overvalued. It is a buyer's market: homes take about 54 days to sell, listings are up 12% from a year ago, 26% of listings have had a price cut. Zillow expects prices to rise about 0.2% over the next year. A household needs about $89,973 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $83,900. Typical rent is $1,512 a month, or $2,222 for a house. In the latest IRS figures, 719 more people moved in than out.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$415,045
Change in 1 year
+0.2%
Overvalued %
+4.7%
Show 7 more
Fair home value
$396,577
Change in 5 years
+8.8%
Zillow forecast, next 12 months
+0.2%
Home value to income
4.9×
Monthly mortgage payment (20% down)
$2,249
Income needed to afford it
$89,973
Property tax rate
0.82%
Rent and investing
Typical rent
$1,512
Typical rent for houses
$2,222
Price-to-rent ratio
22.9×
Show 3 more
HUD Fair Market Rent, 2 bedrooms
$1,464
Gross rental yield
4.37%
Cap rate (estimate)
2.84%
Market activity
Listings vs a year ago
+12.1%
Days on market
54
Listings with a price cut
25.9%
Show 3 more
Homes for sale
2,434
Pending sales per 100 listings
27
Asking price per sq ft
$228
People and jobs
Median household income
$83,900
Population change (1 year)
+0.6%
Unemployment rate
5.3%
Show 4 more
Population
608,012
Income adjusted for cost of living
$83,649
Net moves in (IRS)
+719
Cost of living (US = 100)
100.3
Schools, risk and environment
School rating (1 to 10)
6.3
FEMA hazard risk score (0 to 100)
87.6
Unhealthy air days a year
4
Show 4 more
Flood risk score
89.7
Wildfire risk score
96.6
Walkability (1 to 20)
10.6
Road, rail and air noise
53 dB
Questions people ask
Is Spokane-Spokane Valley, WA overvalued?
Home prices in Spokane-Spokane Valley, WA are slightly above what local incomes have historically supported: fair value is about $396,577, so the area is 4.7% overvalued.
Is Spokane-Spokane Valley, WA a buyer's or seller's market?
Spokane-Spokane Valley, WA is a buyer's market: homes take about 54 days to sell, listings are up 12% from a year ago, 26% of listings have had a price cut.
Are home prices going down in Spokane-Spokane Valley, WA?
Home values in Spokane-Spokane Valley, WA are up 0.2% over the last year. Zillow's forecast for the next 12 months is +0.2%.
How much do you need to earn to buy a home in Spokane-Spokane Valley, WA?
A household needs about $89,973 a year to afford the typical home in Spokane-Spokane Valley, WA at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $83,900.