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

Written by

Matt Abadi

Founder, DealIntel

Matt Abadi is the founder of DealIntel. He leads the development of the platform's six-strategy underwriting engine, 25-point Kill List, and Monte-Carlo financial model — the institutional analysis stack DealIntel applies to every fix and flip deal. DealIntel was founded in 2025 with the central thesis that knowing when not to invest is the most valuable number on the page.

Last reviewed: 2026-04