Market Overview
Home Prices in Spokane Valley, WA
The median home value in Spokane Valley, WA is $417,512 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 0.3% compared to a year ago and down 0.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Spokane Valley are priced2% above average. Spokane Valley is part of the Spokane-Spokane Valley, WA metro area.
Over the past five years, Spokane Valley home values have risen by approximately14.8%, reflecting steady appreciation in this market.
Price History
Spokane Valley Home Price Trend
City Comparison
Spokane Valley vs. National Median
At $417,512, homes in Spokane Valley cost 2% above the national median of $410,000. Buyers in Spokane Valley should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Spokane Valley?
20% Down Payment
$83,502
on $417,512
Monthly P&I
$2,177/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,765/mo
incl. taxes & insurance
Income Needed
$110,600
gross annual (30% rule)
10% Down Option
$41,751
+ PMI applies
Loan Amount (20% dn)
$334,010
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 Valley, WA?
The median home value in Spokane Valley is $417,512 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 0.3% year-over-year.
How much have home prices changed in Spokane Valley?
Over the past year, home values in Spokane Valley have increased by 0.3%. Over five years, prices have risen approximately 14.8%.
How much do I need to earn to buy a home in Spokane Valley?
To comfortably afford the median home price of $417,512 with a 20% down payment ($83,502) at today's rates (6.8%), you'd need a gross annual income of approximately $110,600. This assumes keeping total housing costs at or below 30% of gross income.
How does Spokane Valley compare to the national average home price?
The national median home value is approximately $410,000. At $417,512, homes in Spokane Valley are 2% above the national average.
What metro area is Spokane Valley part of?
Spokane Valley is part of the Spokane-Spokane Valley, WA metropolitan area. Home prices and market conditions can vary across the broader metro region.