Spokane Valley, WA—99206

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.

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.

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.

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.