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These days, finding an affordable place to live in the Spokane area can be challenging. Home prices in Spokane are now at a median cost of $423,217, lower than the Washington average of $621,115.
The average cost of rent is $1,413/mo in Spokane, primarily driven by the current value of real estate in the Spokane area. In Spokane, 34.27% of households rent, and 37.37% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Spokane is $7,172 per month. Households that rent pay about 19.70% of their income on rent here. Spokane’s most expensive areas are in the northeastern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Country Homes, WA: equally priced homes
- Millwood, WA: less expensive homes
- Spokane Valley, WA: less expensive homes
- Seven Mile, WA: higher priced homes
- Mead, WA: higher priced homes
- Airway Heights, WA: less expensive homes
- Marshall, WA: higher priced homes
- Veradale, WA: higher priced homes
- Colbert, WA: higher priced homes
- Green Bluff, WA: higher priced homes
Cities with Similar Populations
- North Charleston, SC: less expensive homes
- Newport News, VA: less expensive homes
- Odessa, TX: less expensive homes
- North Las Vegas, NV: equally priced homes
- Ogden, UT: higher priced homes
- North Hollywood, CA: higher priced homes
- North Hills, CA: higher priced homes
- Oklahoma City, OK: less expensive homes
- Olathe, KS: equally priced homes
- Newark, DE: less expensive homes
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