Spokane Valley, WA 99216 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

View in Interactive Map

Spokane Valley, WA—99216

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$396,000

0.4% YoY Growth

Household Income

$70,000

56.2% YoY Growth

Days on Market

52

34.0% Longer YoY

Home Price Forecast

0.7%

Median Rent

$1,340

16.1% YoY Growth

1-Bed Rent

$1,250

12.4% YoY Growth

2-Bed Rent

$1,320

10.3% YoY Growth

3-Bed Rent

$1,950

1.5% YoY Growth

Other Zip Codes in Spokane Valley, WA

99212 99206 99016 99037

Home Price Trends — Spokane Valley, WA

As of Dec '25, the median home price in Spokane Valley, WA is $396,000, with a year-over-year change of -0.4%. 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	$396,000	-0.4%
Single Family	$397,000	-0.3%
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 $1,510, with a year-over-year rent change of -16.1%. Per bedroom, the median rent as of July '25 in Spokane Valley, WA is 1-bedrooms: $1,270, 2-bedrooms: $1,390, 3-bedrooms: $2,000, 4-bedrooms: $2,310. The most common rental property sizes in Spokane Valley, WA are 2-bedroom and 1-bedroom, accounting for 39.4% and 30.9% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,340	$1,510
Studio Rent	N/A	N/A
1 Bed Rent	$1,250	$1,270
2 Bed Rent	$1,320	$1,390
3 Bed Rent	$1,950	$2,000
4 Bed Rent	$2,400	$2,310

Loading chart...

% of Rental Stock

Studio

3.4%

1 Bedroom

30.9%

2 Bedrooms

39.4%

3 Bedrooms

20.1%

4 Bedrooms

4.6%

5+ Bedrooms

1.7%

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 47. This is a increase of 29.0% 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 29.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$419,000	-10.0%
Listing Count	64	14.0%
Listings as % of Homes	0.3%	14.0%
Days on Market	52	34.0%

Loading chart...

Demographics — Spokane Valley, WA

As of the latest ACS Survey released in 2023, Spokane Valley, WA has a population of 28,100, which has increased by 7.5% over the past 5 years. Spokane Valley, WA is a moderately popular place for families, as children make up 20.8% of the population. The area has a poorly educated workforce, with 21.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.7% reporting working from home.

Metric	Latest Census	YoY % Change
Population	28,100	7.5%
% Under 18	20.8%	-6.3%
% Seniors	17.9%	4.1%
% WFH	11.7%	165.9%
% w/ College Degree	21.8%	4.3%

Loading chart...

As of the latest ACS Survey released in 2023, Spokane Valley, WA is a predominantly white area, with 83.4% of the population identifying as white. The white population has shrunk by 5.0% in the last 5 years. The second most common race or ethnicity in Spokane Valley, WA is hispanic, making up 8.2% of the population. Foreign-born residents account for 5.1% of the population in Spokane Valley, WA, and this percentage has remained stable as of the ACS Survey 5 years prior, suggesting immigration has remained steady.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	83.4%	-5.0%
% Black	1.2%	-33.3%
% Hispanic	8.2%	74.5%
% Asian	0.7%	-56.2%
% Foreign Born	5.1%	0.0%

Loading chart...

Mortgage and Risk — Spokane Valley, WA

According to HUD data as of 2023, there were 436 mortgage originations in Spokane Valley, WA, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 54.0%, with 26.0% 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. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	436
% Conventional Loans	81.0%
% Government Loans	19.0%
% Investor Loans	1.0%
% Second Loans	0.0%
% Cash Out Refinance	11.0%

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 5.2%. 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	428
Total Units Section 8	339
% Rentals under Section 8	5.2%
% Occupied Section 8	88.3%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$160	$1,250	$1,090
2 Bedroom	$80	$1,320	$1,400
3 Bedroom	-$10	$1,950	$1,940
4 Bedroom	-$130	$2,400	$2,270