What is the median home price in Spokane?

The median home price in Spokane, WA is currently in the $355k – $395k range (data as of 2026-04). For fix-and-flip investors, distressed acquisition typically runs 65–80% of median, depending on submarket and condition.

What is a good cap rate in Spokane?

Stabilized rental cap rates in Spokane, WA typically fall in the 5.5% – 7.0% range as of 2026-04. Higher cap rates are common in older / B-tier submarkets, lower in A-tier neighborhoods with strong appreciation.

What is the average days on market in Spokane?

Days on market in Spokane, WA currently runs 32 – 48 days (data as of 2026-04). Faster DOM favors Fix & Flip exits; slower DOM (60+ days) usually pushes operators toward BRRRR or rental hold.

What is the average rent in Spokane?

Median rent in Spokane, WA is $1,600 – $1,950 / mo as of 2026-04. The most relevant rental benchmark for BRRRR is the 1% rule (monthly rent ≥ 1% of all-in cost) — verify against submarket-specific rent comps before underwriting.

Market · WA · 2026 data

Fix and Flip in Spokane, WA

Inland Northwest secondary; Seattle-migration tailwind.

Spokane market thesis

Spokane is the cheaper Washington state alternative to Seattle — sub-$400k median price, growing California + Seattle in-migration, healthcare + education anchor. Strong BRRRR fundamentals; Fix & Flip works in close-in neighborhoods.

Key metrics

$355k – $395k

Median home price

DealIntel · 2026-04

$1,600 – $1,950 / mo

Median rent

DealIntel · 2026-04

32 – 48 days

Days on market (median)

DealIntel · 2026-04

5.5% – 7.0%

Stabilized cap rate range

DealIntel · 2026-04

$50 – $90

Typical rehab cost / sqft

DealIntel · 2026-04

+45% to +60%

5-year appreciation

DealIntel · 2026-04

+1.0% / yr

Population growth (annual)

BLS · 2026-04

Top investor neighborhoods in Spokane

South HillPremium flip
Browne's AdditionMid-tier flip
Logan / AudubonSub-$280k BRRRR
North SideMid-tier suburban flip
Spokane Valley (suburb)Suburban premium flip

Best strategies for Spokane

Of DealIntel's six underwritten strategies, the following rank best-fit-first for Spokane, WA. Every property in the platform is scored against all six paths in parallel; these are the ones that consistently produce the highest risk-adjusted return in this market.

Tailwinds — what's working in Spokane

Providence + Sacred Heart + Gonzaga employment
Washington state HB 1110 middle housing law applies
Seattle + California in-migration

Kill flags — common ways Spokane deals fail

Older South Hill stock with knob-and-tube
Cold winter operations
Washington state capital gains tax on flip profits over $250k

DealIntel's 25-point kill list catches these and 20+ others on every property — see the platform overview for how the kill list runs before strategy evaluation begins.

ADU and multi-unit regulation in Spokane

Washington state HB 1110 (effective 2024) legalized duplex/triplex/fourplex on most SFR lots in cities over 25,000 population. Spokane qualifies. ADUs by-right under state ADU preemption.

For state-by-state ADU and middle-housing regulatory background, see the ADU strategy guide and the multi-unit conversion guide.

Underwrite a deal in this market

Run a free ARV, MAO, or BRRRR calculation on a Spokane property using the calculators below. For full kill-list + six-strategy evaluation + Investment Memorandum PDF, see pricing — pay-per-deal from $149.

ARV calculatorConfidence-weighted comp method MAO (70% rule) calculatorMaximum allowable offer math BRRRR calculatorFull Buy-Rehab-Rent-Refi-Repeat model Cap rate calculatorNOI / value with asset-class ranges

Nearby markets and related guides

Reviewed by

DealIntel Research

Underwriting and Real Estate Research Team

DealIntel's underwriting team builds and maintains the platform's six-strategy engine, 25-point kill list, and Monte-Carlo financial model. Every piece of long-form content on dealintel.io is reviewed by an underwriter with direct experience scoring residential investment deals.

Last reviewed: 2026-04