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Spokane Valley, WA—99206

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$410,000
0.0% YoY Growth
Household Income
$75,500
33.6% YoY Growth
Days on Market
58
17.0% Longer YoY
Home Price Forecast
0.7%
Median Rent
$1,400
16.6% YoY Growth
1-Bed Rent
$1,200
0.0% YoY Growth
2-Bed Rent
$1,400
4.8% YoY Growth
3-Bed Rent
$2,150
2.0% YoY Growth

Other Zip Codes in Spokane Valley, WA

99212992169901699037
  • 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 $410,000, with a year-over-year change of 0.0%. 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
$410,0000.0%
Single Family $414,0000.2%
Condos $195,000-0.5%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • $263,000
    1.5%
    2 Bed
    		$325,0001.2%
    3 Bed
    		$403,0000.5%
    4 Bed
    		$455,000-0.7%
    5 Bed $522,886-1.1%
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    % of Housing Stock

    Studio
    1.8%
    1 Bedroom
    9.5%
    2 Bedrooms
    23.1%
    3 Bedrooms
    33.0%
    4 Bedrooms
    25.7%
    5+ Bedrooms
    6.8%

    Rental Trends — Spokane Valley, WA

    As of July '25, Rentcast reports the average rent in Spokane Valley, WA is $1,560, with a year-over-year rent change of -16.6%. Per bedroom, the median rent as of July '25 in Spokane Valley, WA is studios: $952, 1-bedrooms: $1,210, 2-bedrooms: $1,400, 3-bedrooms: $2,090, 4-bedrooms: $2,420. The most common rental property sizes in Spokane Valley, WA are 2-bedroom and 3-bedroom, accounting for 36.4% and 26.3% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,400$1,560
    Studio Rent $995$952
    1 Bed Rent $1,200$1,210
    2 Bed Rent $1,400$1,400
    3 Bed Rent $2,150$2,090
    4 Bed Rent $2,450$2,420
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    % of Rental Stock

    Studio
    4.2%
    1 Bedroom
    24.3%
    2 Bedrooms
    36.4%
    3 Bedrooms
    26.3%
    4 Bedrooms
    8.4%
    5+ Bedrooms
    0.4%

    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 55. This is a increase of 12.0% 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 24.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$457,0005.0%
    Listing Count
    		12719.0%
    Listings as % of Homes0.5%19.0%
    Days on Market
    		5817.0%
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    Demographics — Spokane Valley, WA

    As of the latest ACS Survey released in 2023, Spokane Valley, WA has a population of 41,400, which has increased by 9.1% over the past 5 years. Spokane Valley, WA is a moderately popular place for families, as children make up 21.5% of the population. The area has a moderately educated workforce, with 27.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.2% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		41,4009.1%
    % Under 18
    		21.5%-11.5%
    % Seniors
    		18.2%25.5%
    % WFH
    		14.2%283.8%
    % w/ College Degree
    		27.6%11.7%
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    As of the latest ACS Survey released in 2023, Spokane Valley, WA is a predominantly white area, with 82.4% of the population identifying as white. The white population has shrunk by 3.6% in the last 5 years. The second most common race or ethnicity in Spokane Valley, WA is hispanic, making up 6.7% of the population. Foreign-born residents account for 4.8% of the population in Spokane Valley, WA, and this percentage has increased by 4.3% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		82.4%-3.6%
    % Black
    		2.1%162.5%
    % Hispanic
    		6.7%-6.9%
    % Asian
    		2.1%133.3%
    % Foreign Born
    		4.8%4.3%
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    Mortgage and Risk — Spokane Valley, WA

    According to HUD data as of 2023, there were 705 mortgage originations in Spokane Valley, WA, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 55.0%, with 23.0% above 90% LTV (very high). This implies large mortgage risk in Spokane Valley, WA. Investor activity is low, as 2.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		705
    % Conventional Loans
    		81.0%
    % Government Loans
    		19.0%
    % Investor Loans
    		2.0%
    % Second Loans
    		0.0%
    % Cash Out Refinance
    		14.0%
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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 9.7%. 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. In Spokane Valley, WA, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.

    Section 8 Market Size

    Total Units under HUD
    		700
    Total Units Section 8
    		661
    % Rentals under Section 8
    		9.7%
    % Occupied Section 8
    		90.0%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom-$210$1,200$990
    2 Bedroom-$130$1,400$1,270
    3 Bedroom-$390$2,150$1,760
    4 Bedroom-$390$2,450$2,060

    Affordability — Spokane Valley, WA

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio5.3
    Median Home Price$410,000
    Median Household Income$75,500

    Spokane Valley, WA — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Spokane Valley, WA

    99037

    Spokane Valley, WA

    99212

    Spokane Valley, WA

    99216

    Moran Prairie, Spokane, WA

    99223

    Spokane Valley, WA

    99016

    Frequently Asked Questions