Spokane County, Washington Housing Market
In Spokane County, Washington, the median home value is $410,700, with a median monthly rent of $1,283. This places Spokane County at #267 nationally out of 3134 counties by median home value, and #19 within Washington.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,286
- Establishments: 15,712
- BLS QCEW, 2025
Housing Supply
- Single-family: 1,375
- Multi-family: 1,601
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 223,574 (avg $88,940)
- Outflow: 215,452 (avg $89,441)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 10 active ZIP codes in Spokane County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 99201 | 432.0 | +16.32% | 2025 |
| 2 | 99025 | 396.3 | +7.70% | 2025 |
| 3 | 99027 | 364.9 | +11.06% | 2025 |
| 4 | 99023 | 308.0 | +2.81% | 2025 |
| 5 | 99022 | 357.5 | +3.36% | 2025 |
| 6 | 99004 | 331.2 | +5.13% | 2025 |
| 7 | 99019 | 321.6 | -2.98% | 2025 |
| 8 | 99218 | 345.6 | +3.90% | 2025 |
| 9 | 99021 | 348.6 | +5.77% | 2025 |
| 10 | 99016 | 361.7 | -0.80% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Spokane County Compares
| Metric | Spokane County | Washington Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $410,700 | $436,312 | $227,706 |
| Median Gross Rent | $1,283 | $1,251 | $968 |
| Owner Occupancy Rate | 64.5% | 71.3% | 73.3% |
| Price/Rent Ratio | 26.7 | 29.2 | 18.7 |
Market Analysis
The median home value in Spokane County is 5.9% below the Washington state average and 80.4% above the U.S. national average. The median rent of $1,283/month is 2.6% above the state average.
With a price-to-rent ratio of 26.7, Spokane County is a strongly rent-favored market. Home prices are high relative to rents, meaning renting is typically far cheaper than owning in the near term.
Spokane County has an owner-occupancy rate of 64.5%, compared to 71.3% in Washington and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Lincoln County | Oregon | $410,800 | $1,201 |
| Boundary County | Idaho | $410,500 | $877 |
| Kane County | Utah | $410,900 | $1,072 |
| Talbot County | Maryland | $409,700 | $1,256 |
| Sarasota County | Florida | $411,800 | $1,818 |
Other Counties in Washington
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Mason County | $411,800 | $1,285 | 82.3% |
| Walla Walla County | $408,900 | $1,218 | 65.0% |
| Benton County | $407,800 | $1,306 | 67.6% |
| Clallam County | $421,800 | $1,152 | 73.7% |
| Cowlitz County | $397,500 | $1,206 | 68.0% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).