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Spokane Valley, WA—99212

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$361,000
0.7% YoY Growth
Household Income
$66,200
23.6% YoY Growth
Days on Market
55
7.0% Longer YoY
Home Price Forecast
0.7%
Median Rent
$1,900
2.6% YoY Growth
1-Bed Rent
$1,200
4.5% YoY Growth
2-Bed Rent
$1,400
10.1% YoY Growth
3-Bed Rent
$2,100
1.8% YoY Growth

Other Zip Codes in Spokane Valley, WA

99206992169901699037
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Spokane Valley, WA

As of Dec '25, the median home price in Spokane Valley, WA is $361,000, with a year-over-year change of 0.7%. 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 TypeMedian Home ValueYoY % Change
All Homes
$361,0000.7%
Single Family $367,0000.8%
Condos $215,000-1.8%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • $226,000
    1.3%
    2 Bed
    		$291,0001.7%
    3 Bed
    		$378,0001.1%
    4 Bed
    		$431,000-0.2%
    5 Bed $531,525-0.8%
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    % of Housing Stock

    Studio
    3.5%
    1 Bedroom
    12.0%
    2 Bedrooms
    29.4%
    3 Bedrooms
    31.2%
    4 Bedrooms
    18.3%
    5+ Bedrooms
    5.6%

    Rental Trends — Spokane Valley, WA

    As of July '25, Rentcast reports the average rent in Spokane Valley, WA is $1,850, with a year-over-year rent change of -2.6%. Per bedroom, the median rent as of July '25 in Spokane Valley, WA is studios: $500, 1-bedrooms: $1,150, 2-bedrooms: $1,420, 3-bedrooms: $2,140, 4-bedrooms: $2,610. The most common rental property sizes in Spokane Valley, WA are 2-bedroom and 1-bedroom, accounting for 37.8% and 23.7% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,900$1,850
    Studio Rent $500$500
    1 Bed Rent $1,200$1,150
    2 Bed Rent $1,400$1,420
    3 Bed Rent $2,100$2,140
    4 Bed Rent $2,700$2,610
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    % of Rental Stock

    Studio
    8.2%
    1 Bedroom
    23.7%
    2 Bedrooms
    37.8%
    3 Bedrooms
    22.7%
    4 Bedrooms
    4.3%
    5+ Bedrooms
    3.3%

    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 50. This is a increase of 19.0% 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 27.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$430,000-5.0%
    Listing Count
    		849.0%
    Listings as % of Homes0.6%9.0%
    Days on Market
    		557.0%
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    Demographics — Spokane Valley, WA

    As of the latest ACS Survey released in 2023, Spokane Valley, WA has a population of 21,500, which has increased by 8.3% over the past 5 years. Spokane Valley, WA is a moderately popular place for families, as children make up 21.9% of the population. The area has a moderately educated workforce, with 27.3% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.0% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		21,5008.3%
    % Under 18
    		21.9%13.5%
    % Seniors
    		17.4%3.0%
    % WFH
    		13.0%225.0%
    % w/ College Degree
    		27.3%19.7%
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    As of the latest ACS Survey released in 2023, Spokane Valley, WA is a predominantly white area, with 85.7% of the population identifying as white. The white population has shrunk by 3.5% in the last 5 years. The second most common race or ethnicity in Spokane Valley, WA is hispanic, making up 6.0% of the population. Foreign-born residents account for 4.3% of the population in Spokane Valley, WA, and this percentage has decreased by 20.4% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		85.7%-3.5%
    % Black
    		0.5%-54.5%
    % Hispanic
    		6.0%66.7%
    % Asian
    		0.9%-30.8%
    % Foreign Born
    		4.3%-20.4%
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    Mortgage and Risk — Spokane Valley, WA

    According to HUD data as of 2023, there were 453 mortgage originations in Spokane Valley, WA, of which 78.0% of loans were conventional mortgages. The average loan-to-value was 58.0%, with 29.0% above 90% LTV (very high). This implies large mortgage risk in Spokane Valley, WA. Investor activity is low, as 1.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		453
    % Conventional Loans
    		78.0%
    % Government Loans
    		22.0%
    % Investor Loans
    		1.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		15.0%
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    Rentals and Section 8 — Spokane Valley, WA

    As of 2024, the percent of homes in Spokane Valley, WA under the Section 8 program is 3.3%. 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 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 3-bedroom and 4-bedroom units do not.

    Section 8 Market Size

    Total Units under HUD
    		138
    Total Units Section 8
    		118
    % Rentals under Section 8
    		3.3%
    % Occupied Section 8
    		86.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$80$1,200$1,120
    2 Bedroom$40$1,400$1,440
    3 Bedroom-$110$2,100$1,990
    4 Bedroom-$370$2,700$2,330

    Affordability — Spokane Valley, WA

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio5.3
    Median Home Price$361,000
    Median Household Income$66,200

    Spokane Valley, WA — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Spokane Valley, WA

    99206

    East Central, Spokane, WA

    99202

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    Logan, Spokane, WA

    99207

    Hillyard, Spokane, WA

    99217

    Frequently Asked Questions