Market Overview
Home Prices in Spokane, WA
The median home value in Spokane, WA is $403,557 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 0.3% compared to a year ago and down 0.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in Spokane are priced2% below average. Spokane is part of the Spokane-Spokane Valley, WA metro area.
Over the past five years, Spokane home values have risen by approximately12.1%, reflecting steady appreciation in this market.
Price History
Spokane Home Price Trend
City Comparison
Spokane vs. National Median
At $403,557, homes in Spokane cost 2% 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
$80,711
on $403,557
Monthly P&I
$2,105/mo
30-yr @ 6.8%
Total Monthly Est.
~$2,673/mo
incl. taxes & insurance
Income Needed
$106,920
gross annual (30% rule)
10% Down Option
$40,356
+ PMI applies
Loan Amount (20% dn)
$322,846
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, WA?
The median home value in Spokane is $403,557 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 0.3% year-over-year.
How much have home prices changed in Spokane?
Over the past year, home values in Spokane have decreased by 0.3%. Over five years, prices have risen approximately 12.1%.
How much do I need to earn to buy a home in Spokane?
To comfortably afford the median home price of $403,557 with a 20% down payment ($80,711) at today's rates (6.8%), you'd need a gross annual income of approximately $106,920. 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 $403,557, homes in Spokane are 2% below the national average.
What metro area is Spokane part of?
Spokane is part of the Spokane-Spokane Valley, WA metropolitan area. Home prices and market conditions can vary across the broader metro region.