Spokane, WA — Momentum Score, Home Values & Best-For

All states·Washington·Spokane

Spokane County · Spokane-Spokane Valley · population 230,609

Spokane, WA
Image: Wikipedia · Spokane, Washington
OverviewCost of livingMoving guide
View watchlist →
57
Stable
Momentum score · 0–100

Where Spokane stands

Steady, no major recent move.

Median home $400,636
1-year -0.1%
5-yr CAGR +3.6%
vs 5-yr peak -4.5%
Population +0.2%/yr

Home value trajectory · last 10 years

Zillow ZHVI · monthly
peak 2022-07$401k$163k$254k$345k$437k201620182020202220242026

Lifestyle scores

🚶
Walkability
52/100
Somewhat walkable
Estimated from population density. Higher = denser, more amenities within walking distance.
🚉
Public transit
38/100
Minimal transit
Curated list of major US transit systems + population-based estimate. Higher = real subway/rail/bus options.
💻
Remote work fit
89/100
Excellent for remote work
Composite of city size, housing cost, state tax structure, and region's remote-work track record.

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 · monthly
$1,478/mo$0$784$1,567202220242026

Home value vs rent · indexed to 100

Both rebased at first month of ZORI data (~2015)
Home valueRent11912680100120202220242026

Rent vs buy

Price-to-rent ratio: 22.6
Lean rent

At a 22.6 price-to-rent ratio, the math is starting to lean toward renting in Spokane. 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 →
Home YoY
49 · w22%
Home 5-yr CAGR
57 · w22%
Distance from peak
63 · w18%
Population growth
49 · w16%
Rent YoY
54 · w12%
Home 10-yr CAGR
84 · w10%
Long thesis

Spokane has held up across the cycle: home values at $400,636 with +3.6% 5-year CAGR. The bull case is structural — population, location, employer base — and holds even if next year's print is soft.

Short thesis

Spokane'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

Spokane is a city in Spokane County, Washington, with an estimated population of 230,609. It anchors the Spokane-Spokane Valley metro area. The median home value in Spokane is $400,636 as of 2026-04, down 0.1% over the last 12 months. Over the last five years, home values have averaged +3.6% annual growth (-4.5% from the 5-year peak). Rents in Spokane average $1,478 per month, roughly flat year-over-year (+1.4%). The composite momentum score is 57 of 100 (Stable). Conditions are neither hot nor cold, so the local fit matters more than market timing.

▲ Bull case

○The data is the data: Spokane has at least 5 years of Zillow tracking, full Census identification, and is included in the 1-criteria momentum score on this page.

▼ Bear case

○Local nuance: city-level data smooths over neighborhood differences. School zones, HOA rules, and street-level character matter — visit before deciding.

About Spokane (Wikipedia)

Spokane is a city in and the county seat of Spokane County in the U.S. state of Washington. It lies along the Spokane River, adjacent to the Selkirk Mountains and west of the Rocky Mountain foothills, 110 miles (180 km) south of the Canada–United States border, twenty miles (30 km) west of the Idaho border, 279 miles (449 km) southwest of Calgary, Alberta, and 280 miles (450 km) east of Seattle, via Interstate 90.

Source: Wikipedia · this summary is contributed and licensed under CC-BY-SA.

City facts

Area69.50 sq mi
Elevation1843 ft
Founded1873
NicknameThe Lilac City
MottoCreative by Nature
Densityauto/sq mi
Named forSpokane people

Extracted from the Wikipedia infobox. Values may be slightly out of date relative to the latest sources.

Playbook

Buyer

Lifestyle fit matters more than market timing in a Stable market. Take your time on the home and neighborhood; the macro trend isn't urgent. Negotiate normally.

Seller

Price competitively from day one or risk a 60+ day listing. Staging, photography, and presentation matter more in Stable markets than in Hot ones.

Investor

Stable cap rates, no big appreciation story to lean on. Underwrite this as a pure cash-flow play — the math has to work on rent alone.

Local safety & alerts

No active National Weather Service alerts for Spokane County right now.

NWS active alerts (WA)Washington Emergency ManagementHow to prepare (NWS)

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

41 tracked · ranked by median home value
1Marshall$711,619-0.5%
2Orchard Prairie$639,522+2.8%
3Rockwood$638,196+2.0%
4Deep Creek$616,673+3.3%
5Waikiki – Rutter Parkway$604,871+3.2%
6Foothills$604,518+2.4%
7Forest Hills$589,487-1.5%
8Northwood$560,640+1.1%
9Latah Valley$554,883-1.7%
10Five Mile-Prairie$553,630-2.0%
11Leona Drive$549,152+1.1%
12Manito-Cannon Hill$536,542+0.5%
13Moran Prairie$514,653+1.2%
14North Indian Trail$506,723+0.8%
15Fairwood$502,863-0.3%
16Windsor$496,482-0.5%
17West Hills$468,941-2.3%
18Comstock$449,380-1.0%
19Thorpe-Westwood$440,961-2.0%
20Country Homes$439,295-1.0%
21Palisades$436,209-0.2%
22Balboa-South Indian Trail$433,578-0.8%
23Riverside$410,552+3.2%
24Cliff-Cannon$409,329-0.3%

See the full neighborhood ranking →

Cities like Spokane

Vancouver, WA61 · StableTacoma, WA61 · StableOlympia, WA63 · RisingKennewick, WA67 · Rising

Run the numbers for Spokane

ToolCan I afford Spokane?Income → city shortlistToolROI on a Spokane rentalCap rate, cash-on-cash, DSCRToolCompare Spokane to anywhereSide-by-side up to 3 citiesToolSpokane cost-of-livingEquivalent income elsewhere

Sources: Zillow ZHVI (home values), Zillow ZORI (rents), US Census ACS + place population. Updated when source agencies publish revisions.

Climate & natural-disaster risk

Winter (Jan)
45° / 35°
avg high / low
Summer (Jul)
77° / 56°
avg high / low
Sunny days/yr
152
~42% of year
Annual precip
38″ rain
10″ snow
Disaster risk (1=very low, 5=very high)
Hurricane
Very low
Tornado
Very low
Wildfire
High
Earthquake
Very high
Flood
Moderate

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

Loading current conditions…

7-day forecast on weather.gov →

Find rentals & listings

Open current Spokane listings on the major real-estate sites.

Links open the live search on the destination site — results are always current.

Local news & community

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
75%
Very humid climate
Median household income
$90,400
Washington state median
Top industries (state-level)
Tech (Amazon/MS)Aerospace (Boeing)Agriculture

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

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