Counties / Washington / Spokane County

Spokane County, WA

FIPS 53063 · population 549,056 · part of Spokane, WA

$429k
Zillow home value · 2026-06
Direct county rent answer

What does rent cost in Spokane County, 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.

County Zillow ZORI$1,5462026-06 · up 2.1% year over year
County ACS gross rent$1,283ACS 2024 5-year · occupied-renter survey
HUD two-bedroom FMR$1,531FY2026 · administrative standard
HUD Fair Market Rent by bedroom count in Spokane County
BedroomsHUD monthly FMRGeographyMeasurement boundary
Studio$1,103Spokane County, WAHUD administrative benchmark; compare with same-bedroom listings, never treat it as observed asking rent.
1 bedroom$1,193Spokane County, WAHUD administrative benchmark; compare with same-bedroom listings, never treat it as observed asking rent.
2 bedrooms$1,531Spokane County, WAHUD administrative benchmark; compare with same-bedroom listings, never treat it as observed asking rent.
3 bedrooms$2,088Spokane County, WAHUD administrative benchmark; compare with same-bedroom listings, never treat it as observed asking rent.
4 bedrooms$2,506Spokane County, WAHUD 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

The numbers

What this county costs and earns

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 home value
$429k
▲ 0.1% year over year
Zillow ZHVI · direct
Median asking rent
$1,546
▲ 2.1% year over year
Zillow ZORI · direct
Gross yield
4.3%
annual rent ÷ price, before costs
derived: rent × 12 ÷ price ✓
HUD 2-bed standard
$1,531
market rent is 1.01x the standard
HUD Fair Market Rent · direct
Independent price check

Do two methods point the same way?

Zillow estimates a current home value. FHFA tracks repeat mortgage transactions. Their growth rates should be read side by side, not averaged.

Both annual signals move in the same direction
FHFA five-year cumulative+50.9%not annualized · through 2025
0%ZILLOW ZHVI2026-06+0.1%FHFA HPI2025+2.6%
Annual changes use different methods and may use different periods. The comparison checks direction and magnitude; it does not create a blended estimate. Zillow county ZHVI pulled 2026-07-26; FHFA annual county HPI pulled 2026-08-02.
Owner-reported value$411k
Surveyed gross rent$1,283
Rent burden 30%+52.1%
Median year built1978
Housing composition

Who occupies the stock—and what it is

ACS 2024 5-year
5.5%vacant
231,205estimated housing units
Occupied tenure35.5% renter
owner 64.5%renter 35.5%
Structure mix68.8% single-family
Single-family 68.8%20+ units 10.3%Mobile home 5.0%Other 15.8%
ACS estimates describe the standing housing stock and occupied tenure. They do not measure current listings, transaction prices or asking rents.

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.

Annual average covered jobs243,889▲ 0.3% from the prior annual release
Covered establishments16,020annual average reporting locations
Average weekly wage$1,324▲ 5.2% from the prior annual release
Largest private supersectorEducation and health services25.9% of disclosed private covered jobs
Local labor base

Jobs, pay and private-sector concentration

2025
0%COVERED JOBS+0.3%WEEKLY WAGE+5.2%Education and health services25.9%
Annual QCEW counts cover jobs located at reporting establishments. The industry share uses disclosed private covered employment; it is not a resident-employment measure or a forecast.

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.

Resident income

How local income has compounded

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.

Per-capita personal income19692024
Per-capita personal income history for Spokane CountyA line chart of annual BEA per-capita personal income from 1969 through 2024.$0k$35k$70k196919972024$4k$62k
Nominal annual dollars; not adjusted for inflation. A rising line can reflect wage, business-income, transfer-income and investment-income changes together.
Renter affordability

Who carries the heaviest rent burden

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%.

Share of renter households in each income band2018-2022
Renter cost burden by HAMFI income band in Spokane CountyFive horizontal bars show moderate and severe housing cost burden shares among renter households in each HUD income band.0%25%50%75%100%At or below 30% HAMFI17,80577.3% burdened30–50% HAMFI13,24584.3% burdened50–80% HAMFI16,92048.9% burdened80–100% HAMFI9,16515.6% burdenedAbove 100% HAMFI20,2658.1% burdened
Moderate: >30% to 50%Severe: >50%
Each percentage uses HUD’s published subtotal for that income band. For disclosure, HUD keeps 0 as 0, publishes 1–7 households as 4 and rounds 8 or more to the nearest 5. Independently rounded categories can differ from their displayed sum and are not forced into a percentage.
Direct local rental evidence

Recent leases and rental-market liquidity in Spokane County, WA

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.

Direct recent-lease rent history

Monthly overall-rent index; missing observations are not filled from another geography.

$1,272$1,217$1,1612021-082026-07
Recent-lease rent$1,2462026-07 · +1.1% year over year
Rental vacancy5.1%2026-07 · -0.0 percentage points year over year
Time on marketn/an/a
County brief

What the local evidence says

01Decision frame

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.

02Housing economics

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.

03Demand & competition

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.

04Risk & next checks

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.

County ZIP rental landscape

How asking rent and renter pressure vary inside Spokane County, WA

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.

Selected ZIP range$1,124$1,824Zillow asking-rent index
Monthly spread$700highest minus lowest selected ZIP
Observed burden range38.8%57.1%ACS renter households paying 30%+
Renter households covered58,781across the selected ZCTAs
01 · ASKING RENT LADDERDirect ZIP ZORI
Horizontal bars compare Zillow asking-rent indexes across the selected direct-evidence ZIP set.99223$1,82499217$1,69799208$1,63399205$1,62799224$1,59099206$1,53099216$1,49599202$1,47399004$1,45699207$1,45399204$1,22999201$1,124
02 · PRESSURE MATRIXRent × observed burden
Each point is one selected ZIP and ZCTA match. Horizontal position is Zillow asking rent and vertical position is the ACS renter cost-burden share.59.6%53.8%48.0%42.2%36.3%992089920699216992019920799223992059920299224990049921799204Zillow asking-rent index →ACS burden share →
03 · BENCHMARK GAPZORI vs HUD 2BR
Bars show the percentage difference between the Zillow blended asking-rent index and the local HUD two-bedroom standard. Their housing universes differ.99223+137.0%99217+127.5%99208+122.7%99205+122.2%99224+119.5%99206+115.0%99216+112.3%99202+110.7%99004+109.4%99207+109.2%99204+92.3%99201+84.4%
WHAT THE LOCAL DISTRIBUTION SAYS

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.

Selected ZIP evidence

Keep each source universe visible

19 ZIP profiles passed the county gate; the 12 with the most renter households are shown.

ZIP / ZCTAZillow asking rentACS gross rentHUD 2BRBurden 30%+VacancyIncome screenHUD county share
99208$1,633$1,321$1,33153.5%3.5%$65k100.0%
99206$1,530$1,246$1,33155.3%3.8%$61k100.0%
99216$1,495$1,461$1,33145.0%8.5%$60k100.0%
99201$1,124$981$1,33154.5%10.3%$45k100.0%
99207$1,453$1,168$1,33151.7%4.5%$58k100.0%
99223$1,824$1,347$1,33149.3%3.4%$73k100.0%
99205$1,627$1,316$1,33143.7%5.1%$65k100.0%
99202$1,473$1,141$1,33157.1%7.3%$59k100.0%
99224$1,590$1,379$1,33150.8%5.1%$64k100.0%
99004$1,456$1,172$1,33150.6%5.7%$58k99.9%
99217$1,697$1,413$1,33138.8%2.0%$68k100.0%
99204$1,229$1,184$1,33145.3%7.5%$49k100.0%
READ BEFORE USING

Zillow ZORI is a typical observed asking-rent index; ACS county and ZCTA figures are five-year survey estimates; HUD FMR is a bedroom-specific administrative standard. Their differences do not create one interchangeable measure of rent or availability.

ZIPs may cross county lines, so the packet assigns each displayed ZIP by its largest HUD residential-address share. ZCTAs are not identical to USPS delivery ZIPs, and the selected set is not an exhaustive county inventory.

SOURCE LEDGERCensus ACS 5-year — county housing value, tenure and stockACS 2024 5-year · pulled 2026-07-30Census ACS five-year — ZCTA housing and incomeACS 2024 5-year ZCTA · pulled 2026-08-08HUD Fair Market Rents — Section 8 standardFY2026 FMR · pulled 2026-07-26HUD-USPS ZIP-to-county residential-address crosswalkHUD-USPS 2026Q1 · pulled 2026-08-09Zillow ZHVI and ZORI — county values and rentscounty ZHVI/ZORI 2026-06 · pulled 2026-07-26Zillow ZORI — ZIP market rentsZORI ZIP 2026-06 · pulled 2026-08-08
Cities & communities

Where people live within Spokane County

Census-recognized incorporated places and CDPs that intersect this county. The list does not pretend to include every neighborhood or informal community.

Population scale

Largest Census places

ACS 2024 5-year
Spokane city230.3KSpokane Valley city106.4KCheney city12.8KLiberty Lake city12.7KAirway Heights city11.2KFairwood CDP (Spokane Cou…10.7KMead CDP6.9KCountry Homes CDP6.2K
Bars use total place population, not a county-share estimate. An asterisk marks a place that crosses a county line.
Official directory

21 Census places

Population
  1. 01
    Spokane cityIncorporated place
    230,293
  2. 02
    Spokane Valley cityIncorporated place
    106,365
  3. 03
    Cheney cityIncorporated place
    12,804
  4. 04
    Liberty Lake cityIncorporated place
    12,737
  5. 05
    Airway Heights cityIncorporated place
    11,245
  6. 06
    Fairwood CDP (Spokane County)Census place
    10,674
  7. 07
    Mead CDPCensus-designated place
    6,893
  8. 08
    Country Homes CDPCensus-designated place
    6,198
  9. 09
    Otis Orchards-East Farms CDPCensus-designated place
    5,454
  10. 10
    Medical Lake cityIncorporated place
    4,950
  11. 11
    Town and Country CDPCensus-designated place
    4,890
  12. 12
    Deer Park cityIncorporated place
    4,791
Show 9 more places
  1. 13
    Fairchild AFB CDPCensus-designated place
    2,931
  2. 14
    Millwood cityIncorporated place
    1,890
  3. 15
    Fairfield townIncorporated place
    621
  4. 16
    Rockford townIncorporated place
    493
  5. 17
    Green Bluff CDPCensus-designated place
    323
  6. 18
    Four Lakes CDPCensus-designated place
    322
  7. 19
    Spangle cityIncorporated place
    322
  8. 20
    Latah townIncorporated place
    235
  9. 21
    Waverly townIncorporated place
    166

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.

Risk, demand and competition

The three things a price does not tell you

01
Risk & carrying costFEMA NRI + Census ACS
Dominant hazardinland flooding

0.072% of building value expected lost per year

Effective property tax0.84%

$3,434 median annual bill

02
DemandIRS SOI household flows
Net migration+615

12,103 in · 11,488 out

Arriving vs leaving income−$650

$65,375 arriving · $66,025 leaving

03
CompetitionHMDA financed purchases
Purchases by investors4.9%

308 of 6,333 mortgages

investorother financed
Current listing pressure

What sellers and visible supply are doing

Realtor.com® Economic Research · county inventory 2026-06 · pulled 2026-07-28
Active listings1,899▲ 15.9% year over year
Median days on market40▲ 9.6% year over year
Listings price-reduced20.9%seller-concession signal
Median listing pricen/a▼ 5.4% year over year

Listing price is an asking price, not a closed sale. Quality-flagged county rows are withheld instead of displayed.

Same metro

The other counties in Spokane, WA

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.

CountyPopulationPriceRentYieldHazard
Spokane County549,056$429k$1,5464.3%inland flooding
Stevens County48,067$380kn/an/ainland flooding
Bear case

What can break the county thesis

  1. Property-level inland-flood exposure, insurance pricing, or mitigation needs could erode the gross yield.
  2. Unmeasured vacancy, repairs, management, financing, and lease terms could produce weaker net cash flow.
  3. Softer MLS liquidity and mixed migration-income evidence could weaken exit or tenant-demand underwriting.
Underwriting questions

Before pricing a property

Is HUD FMR a market-rent estimate?

No. HUD FMR is a two-bedroom payment standard; the record separately publishes median asking rent.

What does FHFA measure?

FHFA measures repeat-transaction home-price appreciation through an index, not a dollar home value.

What does QCEW employment represent?

It represents annual average covered jobs located at county workplaces, not resident employment or unemployment.