All Cities›Washington

Rent vs Buy in Spokane, WA

Pre-filled with 2026 median data for Spokane. Adjust any number to match your situation.

Median Home Price

$335,000

Median Rent/Month

$1,500

Property Tax Rate

0.93%/yr

Avg Appreciation

3.5%/yr

Adjust Your Numbers

$335,000
20% ($67,000)
$1,500
7.0%
7 years

Is It Worth Buying a Home in Spokane, WA?

The decision to rent or buy in Spokane, Washington depends on how long you plan to stay, your down payment, and current mortgage rates. With a median home price of $335,000 and median monthly rent of $1,500, the math plays out differently depending on your personal situation.

Spokane has an average property tax rate of 0.93% annually, which adds approximately $260/month to the cost of homeownership on a median-priced home.

Historically, home values in Spokane have appreciated at roughly 3.5% per year, which works in favor of buyers who plan to stay long-term. Use the calculator above to find your personal break-even point.

Key Factors for Spokane Buyers

  • Down payment of 20% on a median home = $67,000
  • Monthly mortgage (30yr at 6.99%) ≈ $1,781/mo
  • Property tax ≈ $260/mo
  • Estimated maintenance ≈ $279/mo