Property Prices in Spokane, WA, United States

Index Info
Price to Income Ratio: 3.01
Mortgage as Percentage of Income: 27.12%
Loan Affordability Index: 3.69
Price to Rent Ratio - City Centre: 7.87
Price to Rent Ratio - Outside of Centre: 8.59
Gross Rental Yield (City Centre): 12.70%
Gross Rental Yield (Outside of Centre): 11.64%
Rent Per Month
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Apartment (1 bedroom) in City Centre 1,453.75 $ 950.00-2,000.00
Apartment (1 bedroom) Outside of Centre 1,220.00 $ 850.00-1,700.00
Apartment (3 bedrooms) in City Centre 2,740.00 $ 2,100.00-3,000.00
Apartment (3 bedrooms) Outside of Centre 2,300.00 $ 1,850.00-2,700.00
Buy Apartment Price
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Price per Square Feet to Buy Apartment in City Centre 236.86 $ 229.00-240.00
Price per Square Feet to Buy Apartment Outside of Centre 217.00 $ 210.00-229.00
Salaries And Financing
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Average Monthly Net Salary (After Tax) 4,059.60 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 6.59 6.19-8.00

These data are based on 116 entries in the past 18 months from 30 different contributors.
Last update: January 2025

Sources and References
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