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City · 34,019 residents · Pierce County, Washington

Spanaway , Washington

In Spanaway, a typical home is worth $445,700 and typical rent is $1,813 a month. Compared with all of Pierce County, the typical home value is 15% lower and the share of households that own their home is 9 points higher.

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  • Typical home value

    $445,700

    15% below the county

    21% below Washington

    • Spanaway
    • Pierce
    • Washington

  • Typical rent

    $1,813a month

    About the same as the county

    3% above Washington

    • Spanaway
    • Pierce
    • Washington

  • Typical household income

    $98,251a year

    About the same as the county

    About the same as Washington

    • Spanaway
    • Pierce
    • Washington

  • Households that own their home

    74%

    9 points above the county

    10 points above Washington

    • Spanaway
    • Pierce
    • Washington

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$501,357
0.5% more than 12 months ago
Typical rent
$2,733 a month
3.5% more than 12 months ago

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Spanaway is in Pierce County. The FHA loan limit ($1,063,750 for a one-unit home), the fair market rents and the help on this page are those of all of Pierce County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Spanaway apart

What this place has that others do not, from public data, most unusual first.

  1. The typical home in Spanaway is worth $445,700, 15% less than in Pierce County as a whole ($526,600).

  2. 74% of households in Spanaway own their home, against 65% in Pierce County.

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Spanaway

What homes there are in Spanaway, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

The detached house rules in Spanaway: 78% of homes, more than in Pierce County (65%).

Year built

In Spanaway, half of the homes were built before 1989; in Pierce County, before 1986.

In Spanaway, 81% of homes have 3 bedrooms or more, more than in Pierce County (64%).

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes
Monthly rent with utilities

With a mortgage

$2,052 a month

Pierce County: $2,423 a month

Without a mortgage

$723 a month

Pierce County: $836 a month

Owners with a mortgage

71%

Pierce County: 71%

The typical cost for an owner with a mortgage in Spanaway is $2,052 a month, less than in Pierce County ($2,423); without one, $723.

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

Since 2015–2019, homes in Spanaway gained value faster than in Pierce County: 85% against 74%.

The typical rent in Spanaway rose 45% since 2015–2019, about the same as in Pierce County (45%).

Here income did not keep up with housing: it rose 37%, while home values changed +85% and rent +45%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureSpanawayPierce CountyWashingtonUnited States
Rental vacancy Unreliable estimate4.1%4.5%5.5%
Homeowner vacancy Unreliable estimate0.5%0.7%0.9%
More than one person per room 3.1%3.4%3.5%3.4%
People per household 2.912.592.502.53
Drive alone 76%71%63%69%
Carpool 10%10%9%9%
Public transit 2%2%3%3%
Walk or bike Unreliable estimate3%4%3%
Work from home 11%14%20%15%
Other means Unreliable estimate1%1%2%
Typical commute 30 to 39 minutes20 to 29 minutes20 to 29 minutes20 to 29 minutes

In Spanaway, 3.1% of households live with more than one person per room, about the same as in Pierce County.

More people live in each home here: 2.91 on average, against 2.59 in Pierce County.

In Spanaway, 76% of workers drive alone to work; in Pierce County, 71%.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Spanaway?

A typical home costs more than the typical income allows

We start with a typical home in Spanaway, worth $445,700, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 45% of the typical household income in Spanaway, which is $98,251 a year. For that payment to be 28% of income, a household would need to earn about $159,063 a year.

The calculator's FHA and conventional loan limits are those of all of Pierce County.

Your numbers

Local data
$

Starts at the typical home value in Spanaway. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $15,600 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$3,712

at 7.18% · 30 years

Loan amount
$437,627
Total interest
$629,642
Paid off in
November 2056

Includes $7,527 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $2,293 a month

  • Tight

    $2,293 to $2,948 a month

  • Hard

    more than $2,948 a month

    Your payment · 45%

Compared with the typical household income in Spanaway ($98,251 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$3,712
Principal & interest$2,965
Property tax$364
Home insurance$186
FHA mortgage insurance (MIP)$197

You need at least $15,600 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Spanaway and Pierce County

Spanaway is in Pierce County, Washington. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Spanaway's own numbers

Typical home value
$445,700
Typical monthly rent
$1,813
Typical yearly household income
$98,251
Households that own their home
74%
Effective property tax rate
0.98%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Pierce County

FHA limit, one-unit home
$1,063,750
Conventional limit, one unit
$1,063,750
HUD fair market rent, 2 bedrooms
$2,064
Price change over 5 years (FHFA)
+46%
Homes in a high flood-risk zone
1%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Pierce County.

Everything about Pierce County

Buying

Buying a home in Spanaway

A typical home in Spanaway is worth $445,700: 15% below the county and 21% below Washington. With the typical household income in Spanaway ($98,251 a year), a typical home costs 4.5 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Spanaway 4.5 years
  • Pierce 5.3 years
  • Washington 5.8 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Pierce County

According to FHFA’s house price index, home prices in Pierce County rose 132% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Pierce County.

Period County Washington U.S.
Last year (2025) +2.9% +1.8% +2.9%
5 years (2020–2025) +46% +44% +47%
10 years (2015–2025) +132% +113% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Spanaway next to Pierce County, Washington and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Spanaway $445,700
  • Pierce $526,600
  • Washington $564,600
  • United States $332,700
Typical monthly rent
  • Spanaway $1,813
  • Pierce $1,806
  • Washington $1,760
  • United States $1,413
Typical yearly household income
  • Spanaway $98,251
  • Pierce $99,564
  • Washington $98,141
  • United States $80,734
See the full table
Spanaway next to Pierce County and Washington
Measure Spanaway Pierce County Washington U.S.
Typical home value $445,700 $526,600 $564,600 $332,700
Typical monthly rent $1,813 $1,806 $1,760 $1,413
Typical yearly household income $98,251 $99,564 $98,141 $80,734
Households that own their home 74% 65% 64% 65%
Typical yearly property tax $4,372 $4,770 $4,556 $3,119
Effective property tax rate 0.98% 0.91% 0.81% 0.94%
Renters with high rent for their income 47% 53% 50% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Pierce County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Spanaway

For a typical $445,700 home in Spanaway, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Spanaway's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $3,711a month

    Least cash to close
    Down payment
    $15,600
    Cash to close
    $28,971
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $197

  • Conventional, 5% down $3,630a month

    Down payment
    $22,285
    Cash to close
    $35,656
    Rate
    7.18%
    Mortgage insurance
    PMI · $212

  • Conventional, 20% down, no PMI $2,965a month

    Down payment
    $89,140
    Cash to close
    $102,511
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $3,377a month

    Down payment
    $66,855
    Cash to close
    $80,226
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Spanaway and for Pierce County.

Property tax

Effective rate in Spanaway

0.98%of the home’s value each year

$4,372 a year for the typical owner in Spanaway.

  • Spanaway 0.98%
  • Pierce 0.91%
  • Washington 0.81%

What Washington publishes Exemption for people 61 and older or with disabilities (Washington State Department of Revenue)

Exemptions and deadlines in Washington

Flood risk in Pierce County

FEMA does not publish these numbers by city: they are for all of Pierce County.

Homes in the high-risk zone
1%
2,861
Of those, with NFIP insurance
44%
County Washington U.S.
Homes in the high-risk zone 1% 1.6% 3.5%
Of those, with NFIP insurance 44% 40% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Spanaway

Typical rent in Spanaway is $1,813 a month: about the same as the county. In Spanaway, 47% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Pierce County, by unit size. To pay the 2-bedroom one ($2,064 a month) without spending more than 30% of your income, you would need to earn $39.69 an hour working full time.

HUD fair market rent for all of Pierce County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $1,491 $28.67 $59,640
1 bedroom $1,682 $32.35 $67,280
2 bedrooms $2,064 $39.69 $82,560
3 bedrooms $2,849 $54.79 $113,960
4 bedrooms $3,219 $61.90 $128,760

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Spanaway

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Spanaway has 2 ZIP codes with their own.

For 2 bedrooms it runs from $2,050 in 98445 to $2,180 in 98387.

1 of the 2 is above the fair market rent for Pierce County ($2,064).

  • 98387 $2,180$3,010
  • 98445 $2,050$2,830

2 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Spanaway when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Spanaway

HUD lists 2 buildings with rents for lower incomes in Spanaway. These are the largest.

  • Gateway By Vintage Apartments 20002 Mountain Hwy E, Spanaway 98387 216 homes, 215 low-income · 1 bd: 18 · 2 bd: 126 · 3 bd: 72 · In service since 2019 · For families
  • Pierce County HSG Auth 510 190th Street Ct E, Spanaway 98387 29 low-income homes · Run by HA Of Pierce County · Homes at several sites (253) 620-5406

See all 108 buildings in Pierce County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Spanaway

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There is 1 HUD-approved agency with an office in Pierce County; none says it serves in Spanish.

An older man and his daughter go over papers with a professional.

HUD counseling is free or low-cost

Assistance programs in Spanaway

No down payment, repair or rent-help program on our list is for Spanaway or Pierce County. The ones below are statewide in Washington: they work in Spanaway the same as in the rest of the state.

Which programs do I qualify for? All programs in Washington

  • Home Advantage Downpayment Assistance

    Statewide in Washington

    Washington state commission 0% second mortgage for 3%, 4% or 5% of the first mortgage, with no monthly payments; you do not need to be a first-time buyer. Offered by Washington State Housing Finance Commission.

    Deferred

    See the program Official page

  • Covenant Homeownership Program

    Statewide in Washington

    Washington state commission loan with no monthly payments of up to 20% of the price (maximum $150,000) plus closing costs, for first-time buyers whose family lived in Washington before 1968 and belonged to a group affected by housing discrimination, including Hispanic people. Offered by Washington State Housing Finance Commission.

    Deferred

    See the program Official page

  • House Key Opportunity DPA

    Statewide in Washington

    Washington state commission loan of up to $15,000 at 1% simple interest, with no monthly payments, for the down payment and closing costs of first-time buyers with the House Key Opportunity mortgage. Offered by Washington State Housing Finance Commission.

    Deferred

    See the program Official page

Housing counselors near Spanaway

The HUD-approved agencies closest to the center of Spanaway, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Tacoma/ Pierce County Habitat for Humanity

    4824 S Tacoma Way, Tacoma · 8 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 4 more
    253-627-5626x120

  • Homesight

    4219 S Othello St Ste 130B, Seattle · 31 miles away · Spanish

    Also serves in Vietnamese.

    • Pre-purchase counseling
    • Homebuyer education workshops
    (206) 760-4205

  • El Centro de la Raza

    2524 16th Ave S, Seattle · 34 miles away · Spanish

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 2 more
    (206) 957-4634

Every agency in Pierce County All counseling agencies in Washington

Help in Spanish near Spanaway

2 of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Spanaway

HUD’s record names them for Spanaway or Pierce County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

  • HA Of Pierce County Public housing and Section 8 vouchers (253) 620-5406

One other authority has an office in Pierce County: see the list Source: HUD

Cities

Other cities in Pierce County

These cities are also in Pierce County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Pierce County Housing in Washington
See 21 more cities in Pierce County, with prices and rents

Every city has its own page with prices, rents and help.

Nearby cities

The cities closest to Spanaway, with the typical home value.

Neighboring counties

If Pierce County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Spanaway.

All guides
Two parents walk hand in hand with their little daughter.

Questions

Housing questions about Spanaway

Short answers with the numbers for Spanaway and all of Pierce County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Spanaway?

The typical home value in Spanaway is $445,700, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Pierce County it is $526,600.

How much does it cost to rent in Spanaway?

Typical rent in Spanaway is $1,813 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Pierce County is $2,064.

What is the FHA loan limit in Spanaway?

Spanaway uses the FHA limit for all of Pierce County (2026): $1,063,750 for a one-unit home and $2,045,700 for a four-unit home.

How much property tax do owners pay in Spanaway?

The typical homeowner in Spanaway pays $4,372 a year, according to the U.S. Census Bureau. That is 0.98% of the home’s value; in Pierce County, the rate is 0.91%.

Where can I find free help to buy or rent in Spanaway?

There is 1 HUD-approved counseling agency with an office in Pierce County. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).