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Market MapSpokane, WA
Metropolitan Area

Spokane, WA

Washington0
45
/100
Hold
#789 of 894 metros
Top 88% nationally for investing

Market Snapshot

$408,331
Median Home Price
67% above national median
$1,510/mo
Median Rent
9% above national median
4.44%
Rent-to-Price Ratio
Top 87% nationally
-$1,159
Est. Monthly Cash Flow
With 20% down at 6.9% rate

Price History

Trend based on YoY growth rate. Source: Zillow ZHVI/ZORI

Quick Investment Calculator

20%
5%50%100%

Purchase

Purchase Price$408,331
Down Payment (20%)$81,666
Loan Amount$326,665
Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$1,510
Monthly P&I-$2,141
Est. Expenses (35%)-$528
Net Cash Flow-$1,159/mo
2.9%
Cap Rate (all cash)
-14.8%
Cash-on-Cash Return
4.44%
Rent-to-Price Ratio
Negative leverage: At 6.85% rates, borrowing costs exceed the 2.9% cap rate. All-cash buyers may see better returns.

* Based on metro-wide median values. 35% expenses include taxes, insurance, maintenance, vacancy, and property management. Individual counties and properties vary significantly.

Run Full AnalysisTry House Hack Strategy

Score Breakdown

Overall Investment Score
45/100
45
Cash Flow(30%)
37/100

Based on 4.44% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)
52/100

Based on 0.0% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)
50/100

Based on 0.0% population growth. Growing areas indicate economic stability.

Affordability(20%)
43/100

Based on price relative to estimated local incomes.

Scores are calculated using real Zillow metro-level home value and rent data, Census population data, and economic indicators. The weighted average produces the overall investment score. This metro score represents area-wide averages; individual counties may vary significantly.

Investment Outlook

Strengths

  • +Low unemployment (0.0%)

Challenges

  • -Below-average rent-to-price ratio (4.44%)
  • -Negative cash flow at typical financing (-$1,159/mo)
  • -Negative leverage (cap rate 2.9% < mortgage rate 6.9%)

Counties in Spokane, WA

County data is being compiled for this metro area.

Compare to Similar Metros

Metro AreaVerdict
Buffalo, NY
Buffalo, NY
65$273,962$1,3495.91%BuyView
Columbia, SC
Columbia, SC
65$248,071$1,5627.56%BuyView
St. Louis, MO
St. Louis, MO
65$263,197$1,3976.37%BuyView
Louisville, KY
Louisville, KY
65$268,531$1,3486.02%BuyView
Little Rock, AR
Little Rock, AR
65$223,834$1,2106.49%BuyView
Current
Spokane, WA
45$408,331$1,5104.44%Hold

The Bottom Line

HoldSpokane, WA is a neutral market. Consider house hacking or targeting below-market deals in specific counties.

The Spokane, WA metro area scores 45/100, ranking #789 of 894 US metros (top 88%). The 4.44% rent-to-price ratio may require targeting specific counties or creative strategies for positive cash flow. Current metro-wide averages make traditional buy-and-hold investing challenging. Consider house hacking, value-add strategies, or drilling down to specific counties.

Monthly Cash Flow
$-1,159/mo
Cap Rate
2.9%
Cash-on-Cash
-17.0%

Ready to Invest in Spokane, WA?

Use our investment calculators to run detailed numbers on specific properties, or explore individual counties for more targeted opportunities.

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