Rental numbers for the Spokane, WA metro
The typical home here runs -$1,640 a month at 7.78% with 25% down. 0 of 20 ZIP codes with full Zillow data in this metro are cash-flow positive; the median gross yield is 4.4%.
- Gross yield
- 4.4%
- typical home, Zillow
- Median ZIP yield
- 4.4%
- 20 ZIPs with full data
- Cash flow
- -$1,640/mo
- at 7.78%, 25% down
- Typical price
- $418,000
- Zillow ZHVI, Aug 2026
- Typical rent
- $1,540/mo
- Zillow ZORI, Aug 2026
ZIP codes in the metro
48 with published figures
| 99205Spokane | $318,000 | $1,755 | 6.6% | 3.6% | -$770 | +4.1% |
| 99207Spokane | $277,000 | $1,471 | 6.4% | 3.2% | -$749 | +3.3% |
| 99202Spokane | $313,000 | $1,564 | 6.0% | 2.9% | -$915 | +4.9% |
| 99203Spokane | $489,000 | $2,312 | 5.7% | 2.8% | -$1,491 | +4.5% |
| 99001Airway Heights | $371,000 | $1,745 | 5.7% | 2.9% | -$1,100 | n/a |
| 99013Ford | $280,000 | $1,300* | 5.6% | 2.6% | -$889 | n/a |
| 99173Springdale | $315,000 | $1,460* | 5.6% | 2.8% | -$957 | n/a |
| 99223Spokane | $496,000 | $2,141 | 5.2% | 2.4% | -$1,687 | +8.7% |
| 99018Latah | $318,000 | $1,370* | 5.2% | 2.4% | -$1,085 | n/a |
| 99212Spokane Valley | $370,000 | $1,573 | 5.1% | 2.1% | -$1,330 | +5.1% |
| 99217Spokane | $372,000 | $1,514 | 4.9% | 2.0% | -$1,381 | +10.7% |
| 99157Northport | $253,000 | $990* | 4.7% | 1.9% | -$954 | n/a |
| 99206Spokane Valley | $420,000 | $1,584 | 4.5% | 1.7% | -$1,657 | +2.1% |
| 99022Medical Lake | $429,000 | $1,614 | 4.5% | 1.9% | -$1,644 | n/a |
| 99216Spokane Valley | $407,000 | $1,467 | 4.3% | 1.6% | -$1,662 | +1.6% |
| 99208Spokane | $460,000 | $1,632 | 4.3% | 1.6% | -$1,875 | +0.7% |
| 99030Rockford | $434,000 | $1,530* | 4.2% | 1.6% | -$1,751 | n/a |
| 99012Spangle | $389,000 | $1,360* | 4.2% | 1.6% | -$1,582 | n/a |
| 99181Valley | $366,000 | $1,280* | 4.2% | 1.7% | -$1,468 | n/a |
| 99201Spokane | $325,000 | $1,128 | 4.2% | 1.4% | -$1,371 | +6.8% |
| 99037Spokane Valley | $484,000 | $1,650 | 4.1% | 1.4% | -$2,056 | +0.5% |
| 99141Orient | $333,000 | $1,130* | 4.1% | 1.6% | -$1,353 | n/a |
| 99016Spokane Valley | $497,000 | $1,681 | 4.1% | 1.4% | -$2,119 | +1.0% |
| 99004Cheney | $420,000 | $1,394 | 4.0% | 1.4% | -$1,772 | +3.7% |
| 99109Chewelah | $348,000 | $1,150* | 4.0% | 1.4% | -$1,464 | n/a |
| 99114Colville | $336,000 | $1,110* | 4.0% | 1.5% | -$1,406 | n/a |
| 99218Spokane | $468,000 | $1,529 | 3.9% | 1.2% | -$2,038 | n/a |
| 99021Mead | $513,000 | $1,630* | 3.8% | 1.2% | -$2,251 | n/a |
| 99156Newport | $409,000 | $1,300* | 3.8% | 1.4% | -$1,723 | n/a |
| 99126Colville | $351,000 | $1,110* | 3.8% | 1.2% | -$1,537 | n/a |
| 99025Newman Lake | $498,000 | $1,570* | 3.8% | 1.2% | -$2,186 | n/a |
| 99029Reardan | $412,000 | $1,300* | 3.8% | 1.2% | -$1,798 | n/a |
| 99019Liberty Lake | $573,000 | $1,800 | 3.8% | 1.3% | -$2,489 | n/a |
| 99027Otis Orchards-East Farms | $499,000 | $1,570* | 3.8% | 1.1% | -$2,216 | n/a |
| 99204Spokane | $386,000 | $1,212 | 3.8% | 1.0% | -$1,751 | +2.9% |
| 99148Loon Lake | $417,000 | $1,300* | 3.8% | 1.3% | -$1,792 | n/a |
| 99167Rice | $373,000 | $1,130* | 3.6% | 1.2% | -$1,626 | n/a |
| 99110Clayton | $432,000 | $1,300* | 3.6% | 1.3% | -$1,878 | n/a |
| 99101Addy | $366,000 | $1,100* | 3.6% | 1.3% | -$1,593 | n/a |
| 99224Spokane | $519,000 | $1,548 | 3.6% | 1.0% | -$2,343 | +2.1% |
| 99009Elk | $490,000 | $1,440* | 3.5% | 1.1% | -$2,204 | n/a |
| 99005Colbert | $597,000 | $1,710* | 3.4% | 0.9% | -$2,749 | n/a |
| 99006Deer Park | $465,000 | $1,300* | 3.4% | 0.9% | -$2,163 | n/a |
| 99023Mica | $718,000 | $1,980* | 3.3% | 0.8% | -$3,386 | n/a |
| 99026Nine Mile Falls | $552,000 | $1,390* | 3.0% | 0.7% | -$2,664 | n/a |
| 99003Chattaroy | $592,000 | $1,470* | 3.0% | 0.7% | -$2,863 | n/a |
| 99031Spangle | $587,000 | $1,340* | 2.7% | 0.3% | -$2,995 | n/a |
| 99036Valleyford | $679,000 | $1,510* | 2.7% | 0.3% | -$3,472 | n/a |
* HUD Fair Market Rent, 2 bedroom, where Zillow publishes no rent index. Conservative.
Trends
Five years to August 2026
- Price, 12 months
- +0.2%
- Rent, 12 months
- +3.4%
- Rent minus price growth
- +3.2 pts
- Property tax
- 0.75%
- effective rate, ACS 2024
Show the numbers
| Month | Typical value | Rent |
|---|---|---|
| Aug 2021 | $381,961 | $1,374 |
| Aug 2022 | $433,369 | $1,445 |
| Aug 2023 | $414,221 | $1,442 |
| Aug 2024 | $417,575 | $1,473 |
| Aug 2025 | $417,265 | $1,489 |
| Aug 2026 | $418,163 | $1,540 |
Counties
- Spokane County, WA4.4% median yield
- Stevens County, WAn/a median yield
- Pend Oreille County, WAn/a median yield
Tools
Questions
- Is the Spokane, WA metro good for rental property?
- The typical home here runs -$1,640 a month at 7.78% with 25% down. 0 of 20 ZIP codes with full Zillow data in this metro are cash-flow positive; the median gross yield is 4.4%. Figures assume a typical home, 7.78% with 25% down and the default costs on the methodology page.
- Which ZIP codes in the Spokane, WA metro have the highest rental yield?
- 99205 (Spokane) at 6.6%, 99207 (Spokane) at 6.4%, 99202 (Spokane) at 6.0%, on Zillow value and rent. The full table above sorts by any column.
Sources and method
- Zillow Home Value Index (ZHVI), mid tier, smoothed and seasonally adjusted
Zillow Research. Read: 2026-08.
Typical home value by ZIP, county, metro and state, and the price trend.
- Zillow Observed Rent Index (ZORI), all homes plus multifamily, smoothed
Zillow Research. Read: 2026-08.
Typical market rent by ZIP, county and metro, and the rent trend (tier A pages).
- HUD Small Area Fair Market Rents, FY2026
US Department of Housing and Urban Development. Read: FY2026.
Rent by bedroom count for every ZIP. The rent used on tier B pages, and a reference on all pages. It is the 40th percentile gross rent, so it runs below market.
- American Community Survey 5-year estimates, 2020 to 2024 (B25103 median real estate taxes paid, B25077 median home value, B11001 households)
US Census Bureau. Read: 2020 to 2024.
Effective property tax rate (median taxes paid divided by median value) by ZIP code tabulation area, county and state; households for the permits ratio.
- Freddie Mac Primary Mortgage Market Survey, 30-year fixed (FRED series MORTGAGE30US)
Freddie Mac via the Federal Reserve Bank of St. Louis. Read: 2026-09-24.
The weekly 30-year rate. The site adds a disclosed investor premium to it for the loan payment.
Data: Zillow Research (ZHVI, ZORI), HUD, US Census Bureau, Freddie Mac. Every formula is on the methodology page.
Estimates from public data for a typical property. Not investment, tax or legal advice. Your property, financing and costs will differ.