Spokane Valley, WA—99016

As of July '25, Rentcast reports the average rent in Spokane Valley, WA is $2,490, with a year-over-year rent change of 5.1%. Per bedroom, the median rent as of July '25 in Spokane Valley, WA is studios: $1,200, 1-bedrooms: $1,480, 2-bedrooms: $2,150, 3-bedrooms: $2,420, 4-bedrooms: $2,960. The most common rental property sizes in Spokane Valley, WA are 3-bedroom and 2-bedroom, accounting for 41.7% and 29.1% of the rental stock.

As of the latest ACS Survey released in 2023, Spokane Valley, WA has a population of 20,300, which has increased by 39.3% over the past 5 years. Spokane Valley, WA is a moderately popular place for families, as children make up 24.7% of the population. The area has a moderately educated workforce, with 37.7% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.9% reporting working from home.

As of the latest ACS Survey released in 2023, Spokane Valley, WA is a predominantly white area, with 83.7% of the population identifying as white. The white population has shrunk by 4.8% in the last 5 years. The second most common race or ethnicity in Spokane Valley, WA is hispanic, making up 8.1% of the population. Foreign-born residents account for 6.3% of the population in Spokane Valley, WA, and this percentage has increased by 14.5% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

As of 2024, the percent of homes in Spokane Valley, WA under the Section 8 program is 1.3%. 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. 3-bedroom and 4-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 2-bedroom units do not.