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These days, finding an affordable place to live in the Spokane Valley area can be challenging. Home prices in Spokane Valley are now at a median cost of $376,698, lower than the Washington average of $621,115.
The average cost of rent is $1,448/mo in Spokane Valley, primarily driven by the current value of real estate in the Spokane Valley area. In Spokane Valley, 41.93% of households rent, and 35.23% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Spokane Valley is $6,530 per month. Households that rent pay about 22.18% of their income on rent here. Spokane Valley’s most expensive areas are in the southwestern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Millwood, WA: equally priced homes
- Veradale, WA: higher priced homes
- Greenacres, WA: higher priced homes
- Otis Orchards, WA: higher priced homes
- Spokane, WA: higher priced homes
- Liberty Lake, WA: higher priced homes
- Mica, WA: higher priced homes
- Valleyford, WA: higher priced homes
- Country Homes, WA: higher priced homes
- Mead, WA: higher priced homes
Cities with Similar Populations
- Overland Park, KS: higher priced homes
- Oviedo, FL: higher priced homes
- Palatine, IL: equally priced homes
- Oshkosh, WI: less expensive homes
- Palm Coast, FL: equally priced homes
- Palm Harbor, FL: equally priced homes
- Palo Alto, CA: higher priced homes
- Palmdale, CA: higher priced homes
- New Bedford, MA: equally priced homes
- Newark, NJ: equally priced homes
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