Rental property in Spokane, WA
2026 Market Data & Investment Analysis
Gross Yield
4.8%
Annual rent / price
Median Home Price
$350,000
As of 2026-Q1
Median Monthly Rent
$1,400
Per month
Population
228,989
+0.8% / yr (5y avg)
Estimates based on median market data. Actual returns depend on your specific property. Source: Redfin / Zillow / U.S. Census Bureau, 2026-Q1.
Calculate your rental yield in Spokane
Pre-filled with Spokane's median values. Adjust to match your specific property.
Property Details
Total acquisition cost before taxes
HOA, insurance, property management
% of time the property is empty
% of purchase price (e.g. 2% = 2)
Rule of thumb: 1% of purchase price/yr
Results
Gross Rental Yield
4.80%
Net Rental Yield
2.87%
Cap Rate
2.87%
Monthly Cash Flow
$838.33
Annual Cash Flow
$10,060.00
Spokane rental market at a glance
Median Home Price — 5-Year Trend
Median Monthly Rent — 5-Year Trend
While Spokane's rental yields of 4.8% are below average, investors may benefit from strong long-term appreciation potential in this market.
Modest population growth of 0.8% per year indicates a stable but slowly growing rental market.
The vacancy rate of 5.5% is healthy, indicating strong rental demand and limited downtime between tenants.
What type of investment market is Spokane?
Spokane presents challenges with both modest rental yields and limited population growth. Investors need to carefully analyze specific neighborhoods and property types to find opportunities that outperform the market average.
✓ Strengths
- •Lower entry prices may reduce downside risk
- •Select neighborhoods and value-add properties can outperform the average
! Risks
- •Below-average gross yield of 4.8% limits income potential
- •Limited population growth reduces long-term rental demand
- •Higher due diligence required to identify strong-performing assets
Key Metrics
How does Spokane compare to nearby cities?
Spokane vs Seattle: 0.7 percentage point difference in gross yield.
| City | Median Price | Median Rent | Gross Yield | Pop. Growth |
|---|---|---|---|---|
| Seattle, WA | $700,000 | $2,400 | 4.1% | +0.8% |
| Portland, OR | $480,000 | $2,000 | 5% | +0.1% |
| Boise, ID | $390,000 | $1,750 | 5.4% | +2.2% |
| Salt Lake City, UT | $450,000 | $1,900 | 5.1% | +1.1% |
| Denver, CO | $540,000 | $1,900 | 4.2% | +0.7% |
Common questions about investing in Spokane
Is rental investing profitable in Spokane?▾
What is the average rental yield in Spokane?▾
How does Spokane compare to Seattle for investors?▾
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