Real estate market overview
Explore US City Spokane, WA - Real Estate Market Insights, Demographics, Crime, Trends & Hotspots
Spokane, WA market overview shows a Pulse Score of 38.5, a cap rate of 2.8%, an investor-friendly score of 43, a median price of $360,800, a total population of 208,543.
- Pulse Score
- 38.5 / 100
- Cap Rate
- 2.8%
- Investor Friendly Score
- 43 / 100
- Median Price
- $360,800
Market Insights
The housing market in Spokane continues to see strong price appreciation, with values up 28.9% compared to last year. Home prices have decreased 6.2% in the past month. With 8.4 months of supply, Spokane's inventory levels remain relatively tight. Properties are selling within just 10 days on average, much faster than the historical norm of 48 days. A significant 23.7% of listings experienced price reductions, indicating sellers may be adjusting to market realities. Approximately 33.3% of homes sold above list price, indicating some competitive segments within the market. Affordability remains a significant challenge in the Spokane market with the affordability index at 12.3. Based on current market indicators, home prices in Spokane are projected to increase by approximately 15.9% over the next month.
Demographic Data
| Reported group | Population |
|---|---|
| White population | 183,554 |
| Black population | 5,267 |
| Asian population | 6,003 |
| Hawaiian | 212 |
| Samoan | 73 |
| Chamorro | 280 |
| Fijian | 0 |
| Marshallese | 1,045 |
| Asian indian | 351 |
| Asian bangladeshi | 0 |
| Asian chinese | 724 |
| Asian bhutanese | 0 |
| Asian burmese | 585 |
| Asian filipino | 1,113 |
| Asian hmong | 36 |
| Asian indonesian | 74 |
| Asian japanese | 456 |
| Asian korean | 268 |
| Asian laotian | 0 |
| Asian malaysian | 0 |
| Asian mongolian | 6 |
| Asian nepalese | 323 |
| Asian pakistani | 34 |
| Asian srilankan | 0 |
| Asian taiwanese | 81 |
| Asian pakistani | 34 |
| Asian srilankan | 0 |
| Asian taiwanese | 81 |
| Asian thai | 363 |
| Asian vietnamese | 1,072 |
| Hispanic latino | 14,477 |
| Mexican | 9,983 |
| Puerto rican | 1,130 |
| Cuban | 266 |
| Dominican | 7 |
| Salvadoran | 291 |
| Costa rican | 88 |
| Gautemalan | 99 |
| Honduran | 6 |
| Nicaraguan | 68 |
| Panamanian | 145 |
| Argentinean | 1 |
| Bolivian | 12 |
| Chilean | 149 |
| Colombian | 22 |
| Ecuadorian | 27 |
| Peruvian | 157 |
| Uruguyan | 0 |
| Venezuelan | 60 |
| Total Population | 208,543 |
Crime for City - Spokane, WA
| Category | Reported incidents |
|---|---|
| Sex offenses | 66 |
| Others | 52 |
| Assault | 1,525 |
| Robbery | 122 |
| Homicide | 11 |
| Property crime | 1,723 |
Real Estate Market Prediction for - Spokane, WA
Investment Hotspots
Median Sale Price Trend
Log in to view moreCity Hotspots Map
Log in to view moreThe interactive map loads as you scroll. Every hotspot is also listed in the table below.
- Average Price:
- $168
- Max Price:
- $431.94
- Average Rating:
- 4
- Location Average Score:
- 1
- Number Of Hotels:
- 36
| Hotspot | Average price | Max price | Average rating | Location score | Hotels |
|---|---|---|---|---|---|
| $168 | $431.94 | 4 | 1 | 36 | |
| $137 | $162.74 | 4 | 1 | 3 | |
| $102 | $130.74 | 4 | 1 | 4 | |
| $167 | $231.44 | 4 | 1 | 3 |
Does a rental pencil out in Spokane, WA?
A median-priced home ($360,800) at the average rent ($905/mo), with 25% down at 7.25%, after property tax, insurance, vacancy, repairs, reserves and management.
- Cash flow on a median home
- $-1,711/mo
- Cash-on-cash return
- -20.3%
- DSCR
- 0.07
- Rent needed for a 1.25 DSCR
- $3,862/mo
- Landlord insurance, hazard-adjusted
- $3,186/yr
Run it with your own numbers in the free DSCR calculator. Read the methodology and default assumptions.
Nearby locations
Related analysis
FAQ about Spokane, WA
What is the real estate market like in Spokane, WA?
PulseReal aggregates median sale price, cap rate, rental yield, and inventory trends for Spokane, WA from active MLS listings and short-term rental performance data. The Pulse Score on this page is 38.5380877722457. The cap rate on this page is 2.75%. The median price on this page is $360,800. The population figure on this page is 219,185. Browse the live cards above for the current Pulse Score, cap rate, investor-friendly score, and median price.
How is the Pulse Score for Spokane, WA calculated?
The Pulse Score combines property value appreciation, rental income potential, market liquidity, demographic trends, and crime/safety signals into a single 0–100 grade. Higher scores indicate stronger investor fundamentals.
Is Spokane, WA a good place to invest in real estate?
Investment quality depends on your goals. Use the cap rate, investor-friendly score, demographic insights, and crime data on this page to evaluate Spokane, WA for buy-and-hold, fix-and-flip, or short-term rental strategies.
Where does PulseReal’s data for Spokane, WA come from?
Our analysis combines public datasets (US Census Bureau, FBI Uniform Crime Reporting, HUD, BLS) with proprietary short-term rental performance and active MLS feeds, refreshed on a regular cadence.
How can I see crime, school, and short-term rental data for Spokane, WA?
Use the “Related analysis” section on this page to jump to the dedicated crime report, school ratings, and state-level short-term rental market analysis for Spokane, WA.
Sources & further reading
Check the underlying sources alongside the published figures and methodology.
- FBI Crime Data Explorer — official UCR crime statistics by state and agency.
- US Census Bureau — population, demographics, housing and income.
- HUD Market Data — affordability, fair-market rents and market reports.
- PulseReal methodology — formulas and data sources.
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