Market Overview
Home Prices in Spokane, MO
The median home value in Spokane, MO is $338,792 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 6.3% compared to a year ago and up 5.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Spokane are priced17% below average. Spokane is part of the Springfield, MO metro area.
Over the past five years, Spokane home values have risen by approximately49.2%, reflecting strong long-term appreciation in this market.
Price History
Spokane Home Price Trend
City Comparison
Spokane vs. National Median
At $338,792, homes in Spokane cost 17% below the national median of $410,000. This makes Spokane a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Spokane?
20% Down Payment
$67,758
on $338,792
Monthly P&I
$1,767/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,244/mo
incl. taxes & insurance
Income Needed
$89,760
gross annual (30% rule)
10% Down Option
$33,879
+ PMI applies
Loan Amount (20% dn)
$271,034
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Spokane, MO?
The median home value in Spokane is $338,792 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 6.3% year-over-year.
How much have home prices changed in Spokane?
Over the past year, home values in Spokane have increased by 6.3%. Over five years, prices have risen approximately 49.2%.
How much do I need to earn to buy a home in Spokane?
To comfortably afford the median home price of $338,792 with a 20% down payment ($67,758) at today's rates (6.8%), you'd need a gross annual income of approximately $89,760. This assumes keeping total housing costs at or below 30% of gross income.
How does Spokane compare to the national average home price?
The national median home value is approximately $410,000. At $338,792, homes in Spokane are 17% below the national average.
What metro area is Spokane part of?
Spokane is part of the Springfield, MO metropolitan area. Home prices and market conditions can vary across the broader metro region.