Spokane Valley, WA 99037 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

View in Interactive Map

Spokane Valley, WA—99037

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$471,000

0.6% YoY Growth

Household Income

$83,900

44.6% YoY Growth

Days on Market

72

23.0% Longer YoY

Home Price Forecast

0.7%

Median Rent

$1,500

6.4% YoY Growth

1-Bed Rent

$1,340

2.2% YoY Growth

2-Bed Rent

$1,350

9.1% YoY Growth

3-Bed Rent

$2,100

3.2% YoY Growth

Other Zip Codes in Spokane Valley, WA

99212 99206 99216 99016

Home Price Trends — Spokane Valley, WA

As of Dec '25, the median home price in Spokane Valley, WA is $471,000, with a year-over-year change of -0.6%. This indicates that home prices in Spokane Valley, WA are flat. According to Zillow, the 1-year price projection is 0.7%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$471,000	-0.6%
Single Family	$471,000	-0.6%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Spokane Valley, WA

As of July '25, Rentcast reports the average rent in Spokane Valley, WA is $1,910, with a year-over-year rent change of -6.4%. Per bedroom, the median rent as of July '25 in Spokane Valley, WA is studios: $1,250, 1-bedrooms: $1,350, 2-bedrooms: $1,400, 3-bedrooms: $2,260, 4-bedrooms: $2,930. The most common rental property sizes in Spokane Valley, WA are 2-bedroom and 1-bedroom, accounting for 49.7% and 24.3% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,500	$1,910
Studio Rent	$1,200	$1,250
1 Bed Rent	$1,340	$1,350
2 Bed Rent	$1,350	$1,400
3 Bed Rent	$2,100	$2,260
4 Bed Rent	$2,880	$2,930

Loading chart...

% of Rental Stock

Studio

4.7%

1 Bedroom

24.3%

2 Bedrooms

49.7%

3 Bedrooms

16.0%

4 Bedrooms

4.2%

5+ Bedrooms

1.0%

Property Listings — Spokane Valley, WA

As of Dec '25, Realtor.com reports that the median days on market for a home in Spokane Valley, WA is 59. This is a increase of 20.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 21.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$521,000	-16.0%
Listing Count	59	18.0%
Listings as % of Homes	0.6%	18.0%
Days on Market	72	23.0%

Loading chart...

Demographics — Spokane Valley, WA

As of the latest ACS Survey released in 2023, Spokane Valley, WA has a population of 16,800, which has increased by 14.2% over the past 5 years. Spokane Valley, WA is a moderately popular place for families, as children make up 24.3% of the population. The area has a moderately educated workforce, with 30.0% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.3% reporting working from home.

Metric	Latest Census	YoY % Change
Population	16,800	14.2%
% Under 18	24.3%	12.0%
% Seniors	15.8%	6.8%
% WFH	11.3%	113.2%
% w/ College Degree	30.0%	-10.4%

Loading chart...

As of the latest ACS Survey released in 2023, Spokane Valley, WA is a predominantly white area, with 82.5% of the population identifying as white. The white population has shrunk by 6.4% in the last 5 years. The second most common race or ethnicity in Spokane Valley, WA is hispanic, making up 7.9% of the population. Foreign-born residents account for 5.5% of the population in Spokane Valley, WA, and this percentage has decreased by 16.7% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	82.5%	-6.4%
% Black	1.0%	11.1%
% Hispanic	7.9%	68.1%
% Asian	1.6%	-48.4%
% Foreign Born	5.5%	-16.7%

Loading chart...

Mortgage and Risk — Spokane Valley, WA

According to HUD data as of 2023, there were 220 mortgage originations in Spokane Valley, WA, of which 83.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 22.0% above 90% LTV (very high). This implies large mortgage risk in Spokane Valley, WA. Investor activity is low, as 0.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	220
% Conventional Loans	83.0%
% Government Loans	17.0%
% Investor Loans	0.0%
% Second Loans	1.0%
% Cash Out Refinance	15.0%

Loading chart...

Loading chart...

Rentals and Section 8 — Spokane Valley, WA

As of 2024, the percent of homes in Spokane Valley, WA under the Section 8 program is 4.9%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 2-bedroom and 3-bedroom units appear to be good home sizes to consider for Section 8 housing in Spokane Valley, WA, because HUD payments exceed market rent, while 1-bedroom and 4-bedroom units do not.

Section 8 Market Size

Total Units under HUD	111
Total Units Section 8	111
% Rentals under Section 8	4.9%
% Occupied Section 8	86.0%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$150	$1,340	$1,190
2 Bedroom	$180	$1,350	$1,530
3 Bedroom	$20	$2,100	$2,120
4 Bedroom	-$400	$2,880	$2,480