Direct recent-lease rent history
Monthly overall-rent index; missing observations are not filled from another geography.
FIPS 53063 · population 549,056 · part of Spokane, WA
The latest county-level Zillow ZORI is $1,546 per month in 2026-06. It is a typical asking-rent index across rental types—not an arithmetic average, signed lease or quote for one property.
| Bedrooms | HUD monthly FMR | Geography | Measurement boundary |
|---|---|---|---|
| Studio | $1,103 | Spokane County, WA | HUD administrative benchmark; compare with same-bedroom listings, never treat it as observed asking rent. |
| 1 bedroom | $1,193 | Spokane County, WA | HUD administrative benchmark; compare with same-bedroom listings, never treat it as observed asking rent. |
| 2 bedrooms | $1,531 | Spokane County, WA | HUD administrative benchmark; compare with same-bedroom listings, never treat it as observed asking rent. |
| 3 bedrooms | $2,088 | Spokane County, WA | HUD administrative benchmark; compare with same-bedroom listings, never treat it as observed asking rent. |
| 4 bedrooms | $2,506 | Spokane County, WA | HUD administrative benchmark; compare with same-bedroom listings, never treat it as observed asking rent. |
Zillow asking rent, ACS gross rent and HUD FMR describe different housing universes. They remain separate and no metro, city or neighboring-county value replaces missing county evidence.Zillow pulled 2026-07-26 · HUD pulled 2026-07-26
Everything here joins on the county FIPS code, so each figure comes from the agency that publishes it with no name matching in between.
Zillow estimates a current home value. FHFA tracks repeat mortgage transactions. Their growth rates should be read side by side, not averaged.
Survey source: Census ACS 5-year — county housing value, tenure and stock · ACS 2024 5-year · pulled 2026-07-30. These values describe different housing universes and are not combined into gross yield.
Workplace source: BLS QCEW — county employment and wages · annual county employment and wages 2021-2025; latest 2025 vs 2024 · pulled 2026-08-02. QCEW counts covered jobs located in the county, not employed residents or the metro score’s CES/LAUS series.
BEA per-capita personal income divides all personal income by the county population. It is broader than wages, but it is not household income or a measure of what renters can afford.
HUD CHAS separates renter households by income relative to local HAMFI. Moderate burden means housing costs above 30% through 50% of income; severe burden means more than 50%.
These Apartment List observations match the exact county Census code 53063. They are kept separate from Zillow asking rent, Census occupied-home rent and wider metro measures.
Monthly overall-rent index; missing observations are not filled from another geography.
Spokane County's thesis is a tradeoff: usable gross rent economics versus softer listing-market liquidity. Zillow's 2026-06 county record gives a median home value of $429,159 and median asking rent of $1,546 monthly; rent rose 2.11% year over year while price rose 0.14%, producing a 4.32% gross yield before costs. Income-focused buyers should investigate; buyers needing appreciation or quick resale should be cautious. FHFA's separately labeled 2025 repeat-transaction HPI also indicates appreciation, but it is an index, not a home value, so it should be compared with Zillow rather than averaged.
Carrying costs keep that yield from being a net-return conclusion. HUD's two-bedroom FMR is $1,531, and the supplied rent-to-FMR ratio is 101%; FMR is a payment standard, not an asking-rent estimate. Effective property tax is 0.84%. Insurance, flood premiums, repairs, vacancy, management, utilities, financing, closing costs, and property-level rent evidence are not supplied. Those gaps prevent net yield, cash flow, and property-specific affordability underwriting.
Demand evidence is mixed. Realtor.com MLS data show active listings up 15.93% year over year and median days on market up 9.59%; these measure visible supply and marketing time, not closed-sale prices or buyer demand by themselves. Price reductions add seller-concession evidence. QCEW's 2025 annual covered jobs rose 0.30%, while average weekly wage rose 5.16%. Education and health services is the largest disclosed private supersector, not the whole economy. Net migration was +615, but movers' average AGI was $650 higher on exit than entry, so inflow is not a clean income-demand signal. Investor participation was 308 of 6,333 purchases, not evidence of dominant competition.
Risk limits are material. Inland flood is the dominant hazard, and modeled climate loss is 0.07% of building value per year; that is a modeled ratio, not a property-specific insurance quote or dollar loss. Next checks are parcel flood-zone and elevation data, deductible and premium, drainage, prior claims, closed-sale and lease comps, and property-level operating and financing terms. Without them, the gross yield cannot support a net-cash-flow decision. County totals also cannot establish that one asset shares the county's demand, hazard, or tax exposure.
This view uses 12 direct Zillow ZIP markets matched to Census ZCTAs. Each ZIP is assigned by its largest HUD residential county share; this is not an exhaustive county inventory.
Across the selected direct-evidence set, the June 2026 Zillow ZORI typical observed asking-rent index ranges from $1,124 to $1,824, a $700 spread around a $1,512.50 median. One-year changes range from -0.4% to 4.9%, so neither a single rent level nor a uniform recent movement describes every selected match. The practical question is whether a target unit's current asking rent, bedroom count, and lease terms fit a household budget and applicable program benchmark, not which label offers a universally lower-cost option. The endpoints identify the scale of variation, while individual listings still determine availability.
Keep the three rent measures separate. At the high ZORI endpoint, 99223's index is 37.0% above its listed HUD two-bedroom standard; at the low end, 99201's index is 15.6% below. The listed HUD two-bedroom FMR is $1,331 for each shown match; it is an administrative, bedroom-specific standard, not an asking-rent observation. It is useful for program or screening comparisons but cannot be blended into ZORI. Separately, ACS 2024 five-year ZCTA median gross rents run from $981 to $1,461 in this set. Those are survey estimates for gross rent and can differ from current Zillow asking-rent index levels because their concept and time basis differ.
A mechanical annual income screen at thirty percent of rent produces required incomes from $44,960 to $72,960 across the shown ZORI levels; it is a benchmark, not an estimate of any renter's income. ACS burden shares vary from 38.8% to 57.1% of renter households paying thirty percent or more of income for rent, compared with 52.1% countywide. That range indicates meaningful exposure to rent pressure even where an index appears lower. ACS vacancy estimates span 2.0% to 10.3%, against 5.5% countywide. Higher vacancy in this survey measure should not be treated as proof of currently available units or concessions, and lower burden does not establish affordability for a particular household.
Coverage and geography limit how far this comparison travels. The display selects 12 of 19 eligible direct-ZORI ZIP/ZCTA matches and covers 58,781 renter households, but it is not an exhaustive county inventory. Census ZCTAs are statistical areas rather than USPS delivery ZIPs, and the ACS five-year values are survey estimates. ZIPs can cross county lines; the packet assigns each displayed ZIP to Spokane County by its largest HUD residential-address share. Before acting on any range, verify the address, unit type and bedroom count, current advertised rent, lease term, utilities and fees, availability, and any relevant program rules at the property level.
19 ZIP profiles passed the county gate; the 12 with the most renter households are shown.
| ZIP / ZCTA | Zillow asking rent | ACS gross rent | HUD 2BR | Burden 30%+ | Vacancy | Income screen | HUD county share |
|---|---|---|---|---|---|---|---|
| 99208 | $1,633 | $1,321 | $1,331 | 53.5% | 3.5% | $65k | 100.0% |
| 99206 | $1,530 | $1,246 | $1,331 | 55.3% | 3.8% | $61k | 100.0% |
| 99216 | $1,495 | $1,461 | $1,331 | 45.0% | 8.5% | $60k | 100.0% |
| 99201 | $1,124 | $981 | $1,331 | 54.5% | 10.3% | $45k | 100.0% |
| 99207 | $1,453 | $1,168 | $1,331 | 51.7% | 4.5% | $58k | 100.0% |
| 99223 | $1,824 | $1,347 | $1,331 | 49.3% | 3.4% | $73k | 100.0% |
| 99205 | $1,627 | $1,316 | $1,331 | 43.7% | 5.1% | $65k | 100.0% |
| 99202 | $1,473 | $1,141 | $1,331 | 57.1% | 7.3% | $59k | 100.0% |
| 99224 | $1,590 | $1,379 | $1,331 | 50.8% | 5.1% | $64k | 100.0% |
| 99004 | $1,456 | $1,172 | $1,331 | 50.6% | 5.7% | $58k | 99.9% |
| 99217 | $1,697 | $1,413 | $1,331 | 38.8% | 2.0% | $68k | 100.0% |
| 99204 | $1,229 | $1,184 | $1,331 | 45.3% | 7.5% | $49k | 100.0% |
Open a five-digit report for asking rent, affordability, rent history and resale liquidity. Each row keeps its ZIP/ZCTA measurement scope.
| ZIP report | City label | Zillow rent | 1Y change | ACS burden 30%+ | Population |
|---|---|---|---|---|---|
| ZIP 99223 rental reportSpokane County | Spokane, WA | $1,824 | ▲ 1.9% | 49.3% | 36,094 |
| ZIP 99208 rental reportSpokane County | Spokane, WA | $1,633 | ▲ 2.4% | 53.5% | 58,669 |
| ZIP 99205 rental reportSpokane County | Spokane, WA | $1,627 | ▲ 3.1% | 43.7% | 43,169 |
| ZIP 99206 rental reportSpokane County | Spokane Valley, WA | $1,530 | ▼ 0.4% | 55.3% | 41,089 |
Zillow ZORI is an asking-rent index. ACS burden and population describe the Census ZCTA; missing observations remain n/a.
Census-recognized incorporated places and CDPs that intersect this county. The list does not pretend to include every neighborhood or informal community.
Population is the total place-wide ACS estimate, not an allocated county share. A place crossing a county line is labelled explicitly. Source: Census ACS 5-year — cities and communities · ACS 2024 5-year · pulled 2026-07-30.
0.072% of building value expected lost per year
$3,434 median annual bill
12,103 in · 11,488 out
$65,375 arriving · $66,025 leaving
308 of 6,333 mortgages
Listing price is an asking price, not a closed sale. Quality-flagged county rows are withheld instead of displayed.
A metro is an average of these. Which side of a county line a property sits on can change the tax bill, the hazard profile and the tenant pool.
| County | Population | Price | Rent | Yield | Hazard |
|---|---|---|---|---|---|
| Spokane County | 549,056 | $429k | $1,546 | 4.3% | inland flooding |
| Stevens County | 48,067 | $380k | n/a | n/a | inland flooding |
No. HUD FMR is a two-bedroom payment standard; the record separately publishes median asking rent.
FHFA measures repeat-transaction home-price appreciation through an index, not a dollar home value.
It represents annual average covered jobs located at county workplaces, not resident employment or unemployment.