Spokane, WA housing market
The typical Spokane home is worth about $396,000, about the same as a year ago, 33% below the Washington typical home. Homes typically sell in 13 days, a little above asking.
Home values, sales, trends and how Spokane compares with the towns next door — updated as new data is published.
Spokane at a glance
A seller's market
Supply is tight — about 2.9 months of homes for sale at the current pace. Buyers should expect competition on well-priced homes.
Typical home value, 2016–2026
Show as a table
| January | Spokane | Washington |
|---|---|---|
| 2017 | $190,000 | $326,000 |
| 2018 | $210,000 | $362,000 |
| 2019 | $237,000 | $390,000 |
| 2020 | $267,000 | $413,000 |
| 2021 | $312,000 | $471,000 |
| 2022 | $380,000 | $554,000 |
| 2023 | $397,000 | $572,000 |
| 2024 | $396,000 | $582,000 |
| 2025 | $403,000 | $605,000 |
| 2026 | $403,000 | $601,000 |
| August 2026 | $396,000 | $592,000 |
692 new homes permitted in 2025
Builders were permitted 692 new homes in Spokane in 2025: 167 single-family houses and 525 in buildings with two or more homes, worth about $178.2 million to build. That's 3 per 1,000 residents, slower than across Washington (4.6). Over the past 10 years, Spokane has permitted 7,965 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Spokane gained 20,073 residents while 5,978 new homes were permitted: about 3.4 new residents per new home. Building and growth moved roughly in step. Across Washington: 2.7 new residents per new home.
How Spokane ranks on housing keeping up with growth →
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 769 | 167 | 602 | $192.5 million |
| 2025 | 692 | 167 | 525 | $178.2 million |
| 2024 | 1,321 | 320 | 1,001 | $290.5 million |
| 2023 | 1,295 | 239 | 1,056 | $265.9 million |
| 2022 | 578 | 320 | 258 | $137.3 million |
| 2021 | 596 | 346 | 250 | $120.5 million |
| 2020 | 539 | 332 | 207 | $111.8 million |
| 2019 | 421 | 279 | 142 | $90.4 million |
| 2018 | 855 | 380 | 475 | $155 million |
| 2017 | 832 | 333 | 499 | $149.1 million |
| 2016 | 836 | 369 | 467 | $141.5 million |
| 2015 | 823 | 338 | 485 | $137 million |
| 2014 | 519 | 223 | 296 | $112.5 million |
| 2013 | 463 | 321 | 142 | $97.7 million |
| 2012 | 383 | 207 | 176 | $73.1 million |
| 2011 | 631 | 176 | 455 | $81.4 million |
| 2010 | 215 | 195 | 20 | $41.7 million |
| 2009 | 262 | 175 | 87 | $44.8 million |
| 2008 | 381 | 182 | 199 | $60.3 million |
| 2007 | 572 | 410 | 162 | $110 million |
| 2006 | 1,123 | 560 | 563 | $146.9 million |
| 2005 | 918 | 696 | 222 | $154.2 million |
| 2004 | 954 | 544 | 410 | $124.6 million |
| 2003 | 905 | 496 | 409 | $98.8 million |
| 2002 | 622 | 365 | 257 | $63.3 million |
| 2001 | 730 | 322 | 408 | $66.6 million |
| 2000 | 300 | 245 | 55 | $32 million |
How Spokane ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Spokane and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Spokane | $396K | −0.3% | $1,540 | 692 | $70,064 |
| Airway Heights | $371K | +0.2% | $1,640 | 22 | $62,874 |
| Town and Country | — | +3.8%† | $1,560 | — | $92,652 |
| Country Homes | — | +3.9%† | $1,460 | — | $84,653 |
| Spokane Valley | $411K | +0.4% | $1,570 | 855 | $74,042 |
† FHFA price index change, where Zillow has no home value for the town.
5.7 years of income
The typical Spokane home costs about 5.7 years of the town's median household income, less than across Washington (6 years).
How Spokane ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,540
HUD's Fair Market Rent for a two-bedroom in Spokane is $1,540 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Spokane pay a median of $1,215, so moving in tends to cost more than staying put. A two-bedroom takes about 26% of the town's median household income.
Studio $1,110 · 4 bedrooms $2,530
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (99001, 99201, 99202, 99203, 99205, 99207 and 4 more; Spokane, WA HUD Metro FMR Area), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.