City · 106,365 residents · Spokane County, Washington
Spokane Valley, Washington
In Spokane Valley, a typical home is worth $382,300 and typical rent is $1,353 a month. Compared with all of Spokane County, the typical home value is 7% lower, typical household income is 6% lower, and the share of households that own their home is 6 points lower.
Typical home value from Zillow, September 2021 to September 2026: from $371,646 to $407,956.
Typical rent
$1,525a month
▲ 1.6% more than 12 months ago
Typical rent from Zillow, September 2021 to September 2026: from $1,502 to $1,525.
From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).
Spokane Valley is in Spokane County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Spokane County. See the county
What this place has that others do not, from public data, most unusual first.
1
58% of households in Spokane Valley own their home, against 64% in Spokane County.
Sources: U.S. Census Bureau (Average 2020–2024).
The homes here
Housing in Spokane Valley
What homes there are in Spokane Valley, 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
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Spokane Valley
Spokane County
Washington
United States
Kind of home: Spokane Valley and its comparisons
Measure
Spokane Valley
Spokane County
Washington
United States
Detached house
60%
65%
62%
61%
Attached house
6%
4%
4%
6%
Building of 2 to 4
5%
6%
6%
8%
Apartments (5 or more)
25%
20%
22%
19%
Mobile home
4%
5%
6%
6%
Boat, RV and other
Unreliable estimate
0%
0%
0%
Detached houses are the majority in Spokane Valley (60%), but less so than in Spokane County (65%).
Year built
Before 19601960–19791980–19992000–20092010 or later
Spokane Valley
Spokane County
Washington
United States
Year built: Spokane Valley and its comparisons
Measure
Spokane Valley
Spokane County
Washington
United States
Before 1960
22%
31%
21%
26%
1960–1979
30%
22%
23%
24%
1980–1999
23%
21%
27%
25%
2000–2009
13%
13%
15%
14%
2010 or later
12%
13%
14%
11%
In Spokane Valley, half of the homes were built before 1979; in Spokane County, before 1978.
Homes in Spokane Valley are smaller: 59% have 3 bedrooms or more; in Spokane County, 62%.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Under the limitOver the limitUnreliable estimate
Under $100K5%
$100K–$200K5%
$200K–$300K15%
$300K–$500K58%
$500K–$750K15%
FHA limit: $541,287
$750K–$1M1%
$1M or moreUnreliable
Value of owner-occupied homes: Spokane Valley and its comparisons
Measure
Spokane Valley
Under $100K
5%
$100K–$200K
5%
$200K–$300K
15%
$300K–$500K
58%
$500K–$750K
15%
$750K–$1M
1%
$1M or more
Unreliable estimate
About 85% of owner-occupied homes in Spokane Valley are worth less than the FHA loan limit for Spokane County ($541,287).
Monthly rent with utilities
Under the limitOver the limitUnreliable estimate
Under $5006%
$500–$99913%
$1,000–$1,49941%
HUD fair market rent, 2 bedrooms: $1,494
$1,500–$1,99926%
$2,000–$2,4998%
$2,500–$2,999Unreliable
$3,000 or more4%
Monthly rent with utilities: Spokane Valley and its comparisons
Measure
Spokane Valley
Under $500
6%
$500–$999
13%
$1,000–$1,499
41%
$1,500–$1,999
26%
$2,000–$2,499
8%
$2,500–$2,999
Unreliable estimate
$3,000 or more
4%
Measured against HUD's 2-bedroom fair market rent ($1,494), about 59% of rented homes in Spokane Valley cost less.
With a mortgage
$1,738 a month
Spokane County: $1,875 a month
Without a mortgage
$613 a month
Spokane County: $647 a month
Owners with a mortgage
64%
Spokane County: 65%
The typical cost for an owner with a mortgage in Spokane Valley is $1,738 a month, less than in Spokane County ($1,875); without one, $613.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Spokane Valley+87%
Spokane County+83%
Washington+67%
United States+53%
Typical rent
Spokane Valley+43%
Spokane County+41%
Washington+40%
United States+33%
Typical household income
Spokane Valley+43%
Spokane County+38%
Washington+33%
United States+29%
Change since 2015–2019: Spokane Valley and its comparisons
Measure
Spokane Valley
Spokane County
Washington
United States
Typical home value
+87%
+83%
+67%
+53%
Typical rent
+43%
+41%
+40%
+33%
Typical household income
+43%
+38%
+33%
+29%
Since 2015–2019, homes in Spokane Valley gained value faster than in Spokane County: 87% against 83%.
The typical rent in Spokane Valley rose 43% since 2015–2019, about the same as in Spokane County (41%).
To compare: typical income in Spokane Valley rose 43%; the home, +87%; the rent, +43%.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Spokane Valley and its comparisons
Measure
Spokane Valley
Spokane County
Washington
United States
Rental vacancy
3.3%
3.9%
4.5%
5.5%
Homeowner vacancy
Unreliable estimate
0.7%
0.7%
0.9%
More than one person per room
3.1%
2.4%
3.5%
3.4%
People per household
2.45
2.44
2.50
2.53
Drive alone
75%
70%
63%
69%
Carpool
8%
9%
9%
9%
Public transit
1%
2%
3%
3%
Walk or bike
2%
3%
4%
3%
Work from home
13%
16%
20%
15%
Other means
1%
1%
1%
2%
Typical commute
Unreliable estimate
20 to 29 minutes
20 to 29 minutes
20 to 29 minutes
Much as in Spokane County, the rental vacancy rate in Spokane Valley is 3.3%.
In Spokane Valley, 3.1% of households live with more than one person per room, about the same as in Spokane County.
A household in Spokane Valley has 2.45 people on average, about the same as in Spokane County (2.44).
In Spokane Valley, 75% of workers drive alone to work; in Spokane County, 70%.
Do the math
What would you pay each month for a home in Spokane Valley?
A typical home costs more than the typical income allows
We start with a typical home in Spokane Valley, worth $382,300, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 51% of the typical household income in Spokane Valley, which is $74,042 a year. For that payment to be 28% of income, a household would need to earn about $134,935 a year.
The calculator's FHA and conventional loan limits are those of all of Spokane County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Spokane Valley. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $13,381 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$3,149
at 7.18% · 30 years
Loan amount
$375,375
Total interest
$540,077
Paid off in
November 2056
Includes $6,456 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $1,728 a month
Tight
$1,728 to $2,221 a month
Hard
more than $2,221 a month
Your payment · 51%
Compared with the typical household income in Spokane Valley ($74,042 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$2,543
Property tax
$277
Home insurance
$159
FHA mortgage insurance (MIP)
$169
You need at least $13,381 for the down payment, plus closing costs.
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.
Total monthly payment $3,149; principal and interest $2,543.
The city and its county
Spokane Valley and Spokane County
Spokane Valley is in Spokane 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).
Spokane Valley
Map of Spokane County, Washington, with Spokane Valley marked. Around it, the neighboring counties.
Spokane Valley
Spokane County
Other cities with a page
Spokane Valley's own numbers
Typical home value
$382,300
Typical monthly rent
$1,353
Typical yearly household income
$74,042
Households that own their home
58%
Effective property tax rate
0.87%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Spokane County
FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,494
Price change over 5 years (FHFA)
+51%
Homes in a high flood-risk zone
0.4%
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 Spokane County.
A typical home in Spokane Valley is worth $382,300: 7% below the county and 32% below Washington. With the typical household income in Spokane Valley ($74,042 a year), a typical home costs 5.2 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.
Spokane Valley5.2 years
Spokane5.2 years
Washington5.8 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Spokane County
According to FHFA’s house price index, home prices in Spokane County rose 136% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Spokane County.
Yearly change in FHFA’s price index in Spokane County, 2016 to 2025
2016: +7.5% +7.5% 2016
2017: +9.2% +9.2% 2017
2018: +11.4% +11.4% 2018
2019: +11.2% +11.2% 2019
2020: +7.3% +7.3% 2020
2021: +20.5% +20.5% 2021
2022: +18.5% +18.5% 2022
2023: +0.7% +0.7% 2023
2024: +2.2% +2.2% 2024
2025: +2.6% +2.6% 2025
Change in FHFA’s price index in Spokane County, Washington and the United States
Period
County
Washington
U.S.
Last year (2025)
+2.6%
+1.8%
+2.9%
5 years (2020–2025)
+51%
+44%
+47%
10 years (2015–2025)
+136%
+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
Spokane Valley next to Spokane 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
Spokane Valley$382,300
Spokane$410,700
Washington$564,600
United States$332,700
Typical monthly rent
Spokane Valley$1,353
Spokane$1,283
Washington$1,760
United States$1,413
Typical yearly household income
Spokane Valley$74,042
Spokane$78,582
Washington$98,141
United States$80,734
See the full table
Spokane Valley next to Spokane County and Washington
Measure
Spokane Valley
Spokane County
Washington
U.S.
Typical home value
$382,300 ▼7% below the county
$410,700
$564,600
$332,700
Typical monthly rent
$1,353 ▲5% above the county
$1,283
$1,760
$1,413
Typical yearly household income
$74,042 ▼6% below the county
$78,582
$98,141
$80,734
Households that own their home
58% ▼6 points below the county
64%
64%
65%
Typical yearly property tax
$3,344 ▼3% below the county
$3,434
$4,556
$3,119
Effective property tax rate
0.87% ▲0.03 points above the county
0.84%
0.81%
0.94%
Renters with high rent for their income
52%
52%
50%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Spokane 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 Spokane Valley
For a typical $382,300 home in Spokane Valley, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Spokane Valley's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$3,148a month
Least cash to close
Down payment
$13,381
Cash to close
$24,850
Rate
7.18%
Mortgage insurance
FHA MIP · $169
Conventional, 5% down$3,078a month
Down payment
$19,115
Cash to close
$30,584
Rate
7.18%
Mortgage insurance
PMI · $182
Conventional, 20% down, no PMI$2,508a month
Down payment
$76,460
Cash to close
$87,929
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$2,862a month
Down payment
$57,345
Cash to close
$68,814
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Spokane Valley
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$3,148
$13,381
$375,376
7.18%
FHA MIP · $169
$24,850
580
Conventional, 5% down
$3,078
$19,115
$363,185
7.18%
PMI · $182
$30,584
620*
Conventional, 20% down, no PMI
$2,508
$76,460
$305,840
7.18%
None
$87,929
620*
ITIN, 15% down (example)
$2,862
$57,345
$324,955
8.18%
None
$68,814
Set by the lender
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.
Typical rent in Spokane Valley is $1,353 a month: 5% above the county. In Spokane Valley, 52% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Spokane County, by unit size. To pay the 2-bedroom one ($1,494 a month) without spending more than 30% of your income, you would need to earn $28.73 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Spokane County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$1,116
$21.46
$44,640
1 bedroom
$1,173
$22.56
$46,920
2 bedrooms
$1,494
$28.73
$59,760
3 bedrooms
$2,047
$39.37
$81,880
4 bedrooms
$2,497
$48.02
$99,880
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 Spokane Valley
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Spokane Valley has 4 ZIP codes with their own.
For 2 bedrooms it runs from $1,410 in 99206 to $1,600 in 99037.
2 of the 4 are above the fair market rent for Spokane County ($1,494).
2-bedroom fair market rent in each of the 4 ZIP codes of Spokane Valley, beside the one for Spokane County. For 2 bedrooms it runs from $1,410 in 99206 to $1,600 in 99037. 2 of the 4 are above the fair market rent for Spokane County ($1,494).
2-bedroom fair market rent in each ZIP code
Each line is one ZIP code: in color, those above the county's fair market rent; in gray, the rest.
County: $1,494
Lowest: $1,410 (99206)Highest: $1,600 (99037)
Fair market rent by ZIP code and size in Spokane Valley, fiscal year 2027.
99037
$1,190
$1,260
$1,600
$2,190
$2,670
99206
$1,050
$1,110
$1,410
$1,930
$2,360
99212
$1,070
$1,120
$1,430
$1,960
$2,390
99216
$1,160
$1,220
$1,550
$2,120
$2,590
ZIP code2 bd3 bd
99037 $1,600$2,190
99206 $1,410$1,930
99212 $1,430$1,960
99216 $1,550$2,120
4 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Spokane Valley 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 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
HUD lists 29 buildings with rents for lower incomes in Spokane Valley. These are the largest.
Wilbur and Cook Affordable Portfolio2400 N Wilbur Rd, Spokane Valley 99206378 low-income homes · 1 bd: 112 · 2 bd: 228 · 3 bd: 30 · 4 bd: 8 · In service since 2018 · For older adults, people with disabilities, families
Parkside at Mirabeau2820 N Cherry St, Spokane Valley 99216288 homes, 287 low-income · 1 bd: 66 · 2 bd: 162 · 3 bd: 60 · In service since 2007 · For people with disabilities, families
Eagle Pointe Apartments2718 N Bowdish Rd, Spokane Valley 99206140 homes, 139 low-income · 1 bd: 36 · 2 bd: 75 · 3 bd: 28 · In service since 1998 · For families
Ponderosa Apartments9314 E Montgomery Ave, Spokane Valley 99206129 low-income homes · For older adults(509) 924-0785
Winter Heights2721 N Cherry St, Spokane Valley 99216120 homes, 119 low-income · 1 bd: 12 · 2 bd: 72 · 3 bd: 36 · In service since 2020 · For families
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 are 2 HUD-approved agencies with an office in Spokane County; 1 says it serves in Spanish.
No down payment, repair or rent-help program on our list is for Spokane Valley or Spokane County. The ones below are statewide in Washington: they work in Spokane Valley the same as in the rest of the state.
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.
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.
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.
The HUD-approved agencies closest to the center of Spokane Valley, in a straight line, nearest first. If one says it serves in Spanish, its card says so.
No legal help resource on our list is for Spokane Valley or Spokane County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Spokane Valley and all of Spokane 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 Spokane Valley?
The typical home value in Spokane Valley is $382,300, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Spokane County it is $410,700.
How much does it cost to rent in Spokane Valley?
Typical rent in Spokane Valley is $1,353 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Spokane County is $1,494.
What is the FHA loan limit in Spokane Valley?
Spokane Valley uses the FHA limit for all of Spokane County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.
How much property tax do owners pay in Spokane Valley?
The typical homeowner in Spokane Valley pays $3,344 a year, according to the U.S. Census Bureau. That is 0.87% of the home’s value; in Spokane County, the rate is 0.84%.
Where can I find free help to buy or rent in Spokane Valley?
There are 2 HUD-approved counseling agencies with an office in Spokane County. 1 says it serves in Spanish. They can help you get ready to buy, with your credit, or with rent.
