Is Spokane, WA a good place to invest in rental property?

Spokane, WA has a median modeled monthly cash flow of $-1,056 and a median cap rate of 3.1%, on a median sold price of $400,000. Prices changed -0.5% year over year.

What is the average cap rate in Spokane, WA?

The median cap rate across recently sold homes in Spokane, WA is 3.1%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Spokane, WA?

The median sold price in Spokane, WA is $400,000 (about $206 per square foot).

Investing in Spokane, WA Real Estate

A data-driven snapshot of the Spokane, WA rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$400,000Median sold price

$206Median $/sqft

3.1%Median cap rate

$-1,056Modeled cash flow / mo

-0.5%Appreciation YoY

8.9Months of supply

2,922Active listings

3,951Sold (last 12 mo)

What the Spokane numbers say

In Spokane, WA, the median home sold for $400,000 (about $206 per square foot), and the typical deal models out to a 3.1% cap rate with a median $-1,056 of monthly cash flow. Sold prices moved -0.5% over the past year. Inventory sits at about 8.9 months of supply — a looser, buyer-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Washington markets to compare

See Spokane cash-flowing listings

CashFlowRE ranks every for-sale home in Spokane, WA by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Spokane deals, or browse the national market data.