Spokane County · Spokane-Spokane Valley · population 108,267
Where Spokane Valley stands
Steady, no major recent move.
Home value trajectory · last 10 years
Zillow ZHVI · monthlyLifestyle scores
Scores are heuristic estimates from population density, state, and known transit/walkable cities. Not based on a paid Walk Score / Transit Score API — see methodology for the formula.
Rent trajectory · last 5 years
Zillow ZORI · monthlyHome value vs rent · indexed to 100
Both rebased at first month of ZORI data (~2015)Rent vs buy
At a 22.2 price-to-rent ratio, the math is starting to lean toward renting in Spokane Valley. Owner-occupier ROI requires longer holds and the assumption that prices keep appreciating roughly at the rate of rent.
How the momentum score breaks down
methodology →Spokane Valley has held up across the cycle: home values at $414,734 with +4.0% 5-year CAGR. The bull case is structural — population, location, employer base — and holds even if next year's print is soft.
Spokane Valley's bear case is the boring one: the cycle is real and any market that's run hard can stall. Watch for slowing population growth, rising days-on-market, or builder discounts as the early warning signals.
About Spokane Valley
Spokane Valley is a city in Spokane County, Washington, with an estimated population of 108,267. It anchors the Spokane-Spokane Valley metro area. The population grew 1.3% annually from 2020 to 2024, a moderate gain. The median home value in Spokane Valley is $414,734 as of 2026-04, up 0.6% over the last 12 months. Over the last five years, home values have averaged +4.0% annual growth (-3.0% from the 5-year peak). Rents in Spokane Valley average $1,559 per month, roughly flat year-over-year (+0.9%). The composite momentum score is 63 of 100 (Rising). The market is healthy with prices supported by underlying demand.
▲ Bull case
▼ Bear case
About Spokane Valley (Wikipedia)
Spokane Valley is a city in Spokane County, Washington, United States, and the largest suburb of Spokane. It is located east of Spokane, west of Coeur d'Alene, Idaho, and surrounds the city of Millwood on three sides. The city incorporated as the City of Spokane Valley on March 31, 2003. The population was 102,976 at the 2020 census, making it the ninth-most populous city in Washington State. Spokane Valley is named after the valley of the Spokane River, in which it is located. The city and the general area is colloquially referred to as "The Valley" by residents of the Spokane–Coeur d'Alene area.
Source: Wikipedia · this summary is contributed and licensed under CC-BY-SA.
City facts
Extracted from the Wikipedia infobox. Values may be slightly out of date relative to the latest sources.
Playbook
You're not in a frenzy but you're not getting bargains either. Make a competitive offer with normal inspection terms. Don't lowball — the listing will move with or without you.
Price at fair market value; expect movement in 30-45 days. Don't get clever with terms (rent-back, contingencies) — buyers in a Rising market have options.
Appreciation tailwind exists but cash flow requires discipline on price. Run the numbers conservatively and confirm rent comps before committing.
Local safety & alerts
No active National Weather Service alerts for Spokane County right now.
Public-safety links are official .gov sources, not curated by us. Spokane County routes NWS alerts; check the state EM portal for non-weather emergencies.
Neighborhoods of Spokane Valley
1 tracked · ranked by median home valueCities like Spokane Valley
Run the numbers for Spokane Valley
Sources: Zillow ZHVI (home values), Zillow ZORI (rents), US Census ACS + place population. Updated when source agencies publish revisions.
Climate & natural-disaster risk
State-level averages from NOAA Climate Normals (1991-2020) and FEMA National Risk Index. City-level conditions can vary significantly within a state.
Current weather
Find rentals & listings
Open current Spokane Valley listings on the major real-estate sites.
Links open the live search on the destination site — results are always current.
Local news & community
Latest news
- Missing Spokane Valley 12-year-olds found safeKXLY.com · 3d ago
- Joybird Furniture Gallery Now Open at Furniture Row in Spokane Valley, WAgoSkagit · 1d ago
- Susan Robinson Obituary (1945 – 2026) – Spokane Valley, WA – Spokesman-ReviewLegacy · 1d ago
- Car crashes into power line, blocking road in Spokane ValleyNonStop Local KHQ · 3w ago
- SR27 in Spokane Valley was fully blocked after a car crashed into a power polekrem.com · 3w ago
- Washington lawmakers consider tax break for two data centers in Spokane CountyThe Spokesman-Review · 3mo ago
Updated 2026-05-21 from Google News + Reddit RSS. Headlines link to original sources.
Local sports teams
Major professional teams the Spokane-Spokane Valley area cheers for. Detailed stats, schedules, and player pages on intherafters.com.
Local economy & environment
Humidity is annual average relative humidity (NOAA). Income is Census ACS 5-year estimate. Industries are largest employment sectors statewide (BLS); the local mix in a given city may vary.
Cities similar to Spokane Valley
Explore other places with comparable momentum or affordability.