Spokane County, Washington Housing Market Prices
Spokane County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 37% below the Washington median$305,756
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Median rent 27% below the Washington median$1,283
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Spokane County | Washington Avg | US Average |
|---|---|---|---|
| Median Home Price | $305,756 | $485,016 | $248,835 |
| Price Trend (Annual %) | 8.9% | 10.9% | 7.5% |
| Median Gross Rent | $1,283 | $1,759 | $1,407 |
| Rent Trend (Annual %) | 6.0% | 6.6% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Spokane County is about 37% lower than in Washington. Rent is about 27% lower than the Washington average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Spokane County, up about 8.9% and 6.0% a year respectively. Home prices are changing faster.
Median rent in Spokane County rose about 64.2% between 2015 and 2024, from $782 to $1,283. Over the same span, rent in Washington rose about 73.4%.
Affordability
On average, housing unit costs 3.9 yearly household incomes in Spokane County.
Buying the median-priced home in Spokane County costs roughly 19.9 years of rent at the median monthly rate. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Spokane County. The price-to-rent ratio in Washington is about 23.0.
| Metric | Spokane County | Washington Avg | US Average |
|---|---|---|---|
| Median Home Price | $305,756 | $485,016 | $248,835 |
| Median Household Income | $78,612 | $98,224 | $80,455 |
| Price-to-Income Ratio | 3.9 | 4.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Spokane County rose about 103.6%, while median household income rose about 61.2% between 2009 and 2025 — the home price grew faster than income.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Spokane County | Washington Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 60.9% | 59.1% | 58.5% |
| Rental Rate | 33.6% | 33.6% | 31.2% |
| Vacancy Rate | 5.5% | 7.3% | 10.2% |
| Median Tenure (years) | 13.0 | 14.0 | 15.0 |
| Median Year Moved In | 2013 | 2012 | 2011 |
Spokane County has a homeownership rate of 60.9%, higher than the Washington average of 59.1%. Its housing vacancy rate is 5.5%, compared with 7.3% in Washington.
Housing Stock
| Metric | Spokane County | Washington Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.44 people | 2.50 people | 2.53 people |
| Median Structure Built Year | 1977 | 1983 | 1978 |
| Median Number of Rooms | 5.9 | 5.5 | 5.5 |
The typical housing unit in Spokane County was built around 1977. On average, 2.4 people live in a home with about 5.9 rooms, staying for about 13.0 years on average.
Spokane County, WA Housing Compared With Nearby Counties
Spokane County, WA is the largest of the 5 counties compared here, 548,846 residents against a local median of 47,532. Spokane County, WA's median rent, at $1,283, runs 32% above the $973 typical of the counties around it.
The counties themselves spread $637 on median rent, so Spokane County, WA sits at one end of an already wide local range rather than apart from it. Spokane County, WA has the 2nd highest median rent of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Spokane County, WA | 548,846 | $305,756 #3/5 | $1,283 #2/5 | 64.5% #4/5 |
| Kootenai County, ID | 181,718 | $484,895 | $1,491 | 71.3% |
| Whitman County, WA | 47,000 | $274,039 | $1,049 | 46.8% |
| Stevens County, WA | 48,063 | $231,117 | $897 | 79.8% |
| Pend Oreille County, WA | 14,050 | $407,237 | $854 | 80.8% |
Frequently Asked Questions
Common questions about the housing market in Spokane County, Washington.
What is the median home price in Spokane County, Washington?
The median home price in Spokane County, Washington is $305,756, lower than the Washington average of $485,016.
What is the average home price in Spokane County, Washington?
The typical home price in Spokane County, Washington, reported as the median sale price, is $305,756. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Spokane County, Washington?
The median gross rent in Spokane County, Washington is $1,283 per month, lower than the Washington average of $1,759.
What was the median gross rent in Spokane County in 2020?
In 2020, the median gross rent in Spokane County, Washington was $949 per month.
What is the price-to-rent ratio in Spokane County, Washington?
The price-to-rent ratio in Spokane County, Washington is about 19.9, meaning it would take roughly 19.9 years of rent payments at the median rent to equal the median home price. That is a moderate price-to-rent ratio, where buying and renting are often similarly cost-effective in Spokane County.
Are home prices or rent rising faster in Spokane County, Washington?
Both home prices and rent are rising in Spokane County, up about 8.9% and 6.0% a year respectively. Home prices are changing faster.
What is the homeownership rate in Spokane County, Washington?
60.9% of households in Spokane County, Washington own their home, higher than the Washington average of 59.1%.
What is the vacancy rate in Spokane County, Washington?
The housing vacancy rate in Spokane County, Washington is 5.5%, lower than the Washington average of 7.3%.
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