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📊 Washington · Housing Market 2026

Spokane Housing Market Data 2026

Median prices, cap rates, rent benchmarks, and investment outlook for Spokane, Washington — data sourced from Zillow, HUD FMR, and Census ACS.
🔴 Weak Market Median Price:$330,000 Cap Rate:4.9% Vacancy:7.0% 12-Mo Outlook:→ Neutral
$330,000
Median Home Price
YoY: +2.5%
4.9%
Avg Cap Rate
Cash-on-cash: 4.9%
$1,500
Median Rent (2BR/mo)
YoY: +2.5%
7.0%
Vacancy Rate
Moderate
38 days
Days on Market
Moderate pace
$330,000 / 4.9%
Price / Cap Rate
🔴 Weak Market

📈 Market Analysis — Spokane, WA

**Spokane, WA 2026 Real Estate Market Analysis**

Spokane enters 2026

🔮 12-Month Predictive Outlook View All Markets →

Price Trend
→ Neutral
12-mo forecast: $337,714
Confidence: 92%
Rent Growth
→ Stable
12-mo forecast: $1,535/mo
Confidence: 90%
Emerging Score
56/100
Confidence: 92%
Price Momentum +2.5% YoY (national: +2.3%)
Days on Market 38 days (national avg: 38)
Predictions are rule-based forecasts based on price momentum, rent data, vacancy trends, and population growth. Not investment advice. See full rankings →

🏘️ Rent Breakdown — HUD Fair Market Rents

HUD Fair Market Rent represents the 40th percentile of gross rents paid by recent movers in Spokane. Used as a benchmark for Section 8 voucher limits and rental market analysis.

Bedroom Count Monthly Rent (HUD FMR) Annual Rental Income Est. Cap Rate at Median Price
1 Bedroom $1,200/mo $14,400/yr 3.1% est.
2 Bedrooms $1,500/mo $18,000/yr 3.8% est.
3 Bedrooms $1,900/mo $22,800/yr 4.8% est.
* Estimated cap rate uses the 70% rule (30% reserved for expenses). Actual cap rates vary by property and management style.

💰 Cost of Investing in Spokane

Cost ItemRate / AmountEst. Annual CostMonthly Cost
Property Tax 0.8% effective rate $2,772 $231/mo
Homeowners Insurance Washington avg premium $1,100 $92/mo
Total Tax + Insurance Based on median home price of $330,000 $323/mo

These figures reflect state-level averages. Property tax rates vary by county; insurance costs vary by property type, age, and claims history. Source: Tax Foundation (2025), NAIC (2024).

⚖️ How Spokane Compares to National Averages

Avg Cap Rate
4.9%
National avg: 5.5%
Below average
Median Home Price
$330,000
National avg: $371,696
✓ More affordable
Vacancy Rate
7.0%
National avg: 7.6%
✓ Low vacancy
2BR Median Rent
$1,500/mo
National avg: $1,753/mo
Days on Market
38 days
National avg: 38 days
Price Growth YoY
+2.5%
National avg: +2.3%

National averages calculated across all 69 tracked US investor markets. A cap rate above the national average suggests stronger cash flow potential relative to purchase price.

Related Guides & Resources
BRRRR Strategy Guide Vacancy Rate Calculator Rental Yield Calculator Market Rankings Best Market Data Tools All Markets
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