Investor-grade market analytics for Spokane-Spokane Valley, Washington. Data from Zillow ZHVI, FRED, Census ACS, and FEMA NRI. Updated monthly.
$406,252
+0.4% year-over-year
4.4%
gross annual
-6.1%
base case (Zillow ZHVF)
-6.1% year-over-year
Migration: Top 7% nationally
In-migrants avg $68,377 AGI vs out-migrants $64,960
Opportunity Zone Market
18 ZIP codes in Spokane-Spokane Valley are designated Qualified Opportunity Zones (IRC 1400Z-2), eligible for capital gains tax deferral on qualifying investments. Learn more →
Spokane-Spokane Valley, WA is in a stabilization phase with 0.4% year-over-year appreciation, suggesting cooling demand and a shift toward balanced conditions. Affordability is moderately stretched with a price-to-income ratio of 5.58x, above the national average of 4.8x. Modest net positive migration (+848 returns/year) provides steady demand support. Climate risk remains low (38/100), favorable for long-term investment stability. Rental yield of 4.37% is moderate, offering acceptable cash flow for leveraged investments.
12-month projection (Zillow ZHVF model)
Spokane-Spokane Valley, WA's primary climate exposure is wildfire (50/100). The composite climate risk score of 38/100 (Low) indicates overall risk reflecting favorable conditions for long-term real estate investment. This market benefits from relatively low natural hazard exposure compared to coastal and wildfire-prone regions.
Source: FEMA National Risk Index
Migration flows, ZIP-level neighborhood data, full demographics, price history, and the Market Screener.